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This book considers the evolution of economic thought in France from the sixteenth to twentieth century and explores the key economists, themes and controversies which are important in the context of recent research.
In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.
Business Cycles in Economic Thought underlines how, over the time span of two centuries, economic thought interacted with cycles in a continuous renewal of theories and rethinking of policies, whilst economic actions embedded themselves into past economic thought. This book argues that studying crises and periods of growth in different European countries will help to understand how different national, political and cultural traditions influenced the complex interaction of economic cycles and economic theorizing. The editors of this great volume bring together expert contributors consisting of economists, historians of economic thought and historians of economics, to analyse crises and theories of the nineteenth and the twentieth century. This is alongside a comprehensive outlook on the most relevant advances of economic theory in France, Germany and Italy, as well as coverage of non-European countries, such as the United States. Several of the highly prestigious Villa Vigoni Trilateral Conferences formed the background for the discussions in this book. This volume is of great interest to students and academics who study history of economic thought, political economy and macroeconomics.
This new reader in the history of economic thought is edited by two of the most respected figures in the field. With clearly written summaries putting each selection into context, this book will be of great use to students and lecturers of the history of economic thought as it goes beyond the simple reprinting of articles. Selections and discussions include such thinkers as Aristotle, John Locke, François Quesnay, David Hume, Jean-Baptiste Say, Karl Marx, William Stanley Jevons, Irving Fisher and Thorstein Veblen. The History of Economic Thought: A Reader can be used as a core textbook or as a supplementary text on courses in economic thought and philosophy, and will provide readers with a good foundation in the different schools of thought that run through economics.
Traditionally, there has been a long and sustained interest in studying the history of economic ideas in France. Interest appeared to wane after World War II, but in recent decades, there has been a marked renaissance of interest and research in the contributions of French-speaking authors. Drawing on the flow of recent research, this book presents a new assessment of the history of political economy in France incorporating both novel presentations of some traditional subjects and topics that are not usually studied. This second volume analyses the evolution of political economy during the long nineteenth century, combining an assessment of both liberals and their opponents. Its first part covers the most outstanding contributions to political economy in the age of industry, from the founding fathers (L.-C.-C. Destutt de Tracy and J. –B. Say) until the pre-World War I period, including that of A.-A. Cournot, J. Dupuit, the French liberal economists, and L. Walras. The volume then outlines the critiques of liberal political economy, focusing on the analyses of J.-C.L.S. de Sismondi, C.-H. de Saint-Simon and his followers, and the successive generations of socialist and associationist authors, not forgetting the sociological critique. A substantial postlude concludes the volume with a survey of recent developments of French economic thought up to the present day. A History of Economic Thought in France will be invaluable reading for advanced students and researchers of the history of economic thought, political economy, intellectual history and French history.
This is an important and unparalleled work which situated Marx's economic theory in relation to the economic theories that pre-date him - from mercantilism to John Stuart Mill. First published in 1929, the book dates from the fertile period of Marxist economic theory that produced the works of Preobrazhensky, Kondratiev and Bukharin. However as a review of pre-Marxist economics it stands out from the many books which dwell only on the contemporary industrialisation debates. This is a selective reading of economic thought, offering analysis of those elements in past economics that accord with the areas of interest to Marxism. Each section gives a brief analysis of a specific school of thought, with particular attention to the social and ideological climate within which it evolved. The book differs from orthodox accounts in not merely mentioning historical background but using it as a central explanation of the evolution of economic theories.As a counterpoint to Rubin, Catherine Colliot-Thelene has written a daring essay which locates a crucial flaw in the logical structure of Marx's Capital.
Contributing to a better understanding of contemporary issues of environmental sustainability from a historical perspective, this book provides a cohesive and cogent account of the history of ecological economic thought. The work unearths a diverse set of ideas within a Western and Slavic context, from the Renaissance and the Enlightenment to the late 1940s, to reveal insights firmly grounded in historiographical research and of import for addressing current sustainability challenges, not least by means of improving our grasp on how humans and nature can generously coexist in the long term. The history of ecological economic thought offered in this volume is rich and diverse, encompassing views that are bound by the observance of the tenets of the natural sciences, but which differ significantly in terms of the role of energy and materials to cultural development and the normative aspects involving resource distribution, social ideals, and policy-making. Combining the approaches of independent scholarly figures and scientific communities from different historical periods and nationalities, the book brings elements that are still missing in the scarce literature on the history of ecological economic thought and highlights the underlying threads which unite such initiatives. The book brings a fresh look into the historical development of ecological economic ideas and will therefore be of great interest to scholars and students of ecological economics, environmental economics, sustainability science, interdisciplinary studies, and history of economic thought.
The purpose of this book is to provide a comprehensive analysis of the work of Frédéric Bastiat (1801-1850), one of the towering intellectual figures of nineteenth century France. More than anyone else of his time, Bastiat personified the struggle of liberalism and science against socialism and utopia. Between 1844 in 1850, his campaign for the idea of liberty and his commitment to the discipline of political economy made him one of the most vigorous champions of economic liberalism in France. Bastiat put forth one of the most ambitious interpretations of the liberalism of his time, one that entailed both a critique of primitive socialism and a concern to provide political economy with a theoretical foundation. His thinking is far more sophisticated than would appear at first glance. Nor can it be confined, as so many commentators would have us believe, to its strictly economic dimension. The themes that Bastiat addressed – free trade, competition, labour, among others – certainly helped to reduce it to this dimension. Yet he did not limit himself to these issues, even if he dealt with them at length. He also paid close attention to the political, moral, social and religious dimensions. Coming, as Bastiat’s writing did, at a decisive moment in the history of French liberalism, the very existence of his work explodes the long-standing received idea to the effect that liberalism, and in particular economic liberalism, is the exclusive domain of Anglo-Saxon countries. Bastiat’s work thus offers a solid rebuttal to Hayek, who proclaimed "the total absence of a liberal tradition in France." This book should be of interest to students and researchers of many strands of economics, as well as those looking at French liberalism and the history of social science more generally.
A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.