History of economic thought

More about the book

An upper-level text, History of Economic Thought continues to offer a lively, accessible discussion of ideas that have shaped modern economics. The Fourth Edition has been thoroughly revised to reflect new scholarship and research, as well as a more pointed focus on modern economic thought. The text remains a highly understandable and opinionated—but fair—presentation of the history of economic thought. The authors have reduced coverage of neoclassical economics—including long discussions of the labor theory of value—and added discussions of classical views of growth and dynamics. The Marshall chapter now appears before the Walras chapter to demonstrate the continuity between the development of partial equilibrium and neoclassical microeconomic thought from 1870 to 1890.