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First published in 1989, Alon Kadish’s study re-examines the standard view held by historians of economic thought whereby economic history emerged from the historicist criticism of neoclassical economic theory. He also demonstrates how the discipline evolved as an extension of the study of history. The study will appeal to students and scholars in historiography, the development of higher education and in the history if economic thought in general, as well as all those interested in the evolution of Oxford and Cambridge.
J. A. Hobson was one of the most influential social, economic and political theorists of late nineteenth- and early twentieth-century Britain. In this volume, first published in 1990, eight scholars reassess the importance and relevance of his work today and affirm him as a major British thinker. These original studies place Hobson in context by explaining his intellectual antecedents: Cobden, Ruskin, nineteenth-century social and psychological theories and economic thought. The book provides an overview of the novelty and incisiveness of Hobson's contribution to British liberal theory and radical practice. Historians, economists, social and political theorists and students of international affairs will find this an important book for a fuller understanding of early twentieth-century British progressive thought.
This book provides a study of the forces underlying the development of economic thought at Cambridge University during the late nineteenth century and the first half of the twentieth century. The primary lens it uses to do so is an examination of how Arthur Cecil Pigou’s thinking, heavily influenced by his predecessor, Alfred Marshall, evolved. Aspects of Pigou’s context, biography and philosophical grounding are reconstructed and then situated within the framework of Ludwik Fleck’s philosophy of scientific knowledge, most notably by drawing on the notions of ‘thought styles’ and ‘thought collectives’. In this way, Knight provides a novel contribution to the history of Pigou's economic thought.
First published in 1921, Problems of a New World deals with the economic and political issues that arose from the First World War. The first three parts of the study consider the world before the war, and the interests, purposes and ideals which influenced the national psyche during the years which followed. In the final two parts, Hobson assesses the political and economic conditions confronted by the post-war world, with a particular focus on the impact of war on industry, labour and the ideals of nationhood. This is an important work, of great interest to modern European and economic historians and students.
The financial crisis and the economic crisis that followed triggered a crisis in the subject of economics, as it is typically being taught today especially in macroeconomics and related fields. A renewed interest in earlier authors, especially the classical economists from Adam Smith to David Ricardo and John Maynard Keynes, developed. This book may also be seen as a response to this interest. What can we learn from the authors mentioned, what we could not learn from the mainstream? This volume contains a selection of essays which deepens and widens the understanding of the classical approach to important problems, such as value and distribution, growth and technical progress, and exhaustible natural resources. It is the fourth collection in a row and reflects an on-going discussion of the fecundity of the classical approach. A main topic of the essays is a comparison between the classical approaches with modern theory and thus an identification of what can be learned by elaborating on the ideas of Smith and Ricardo and Marx above and beyond and variously in contradiction to certain mainstream view. Since the work of Piero Sraffa spurred the revival of classical economic thought, his contributions are dealt with in some detail. The attention then focuses on economic growth and the treatment of exhaustible resources within a classical framework of the analysis.
This is the standard account of the economic history of the vast area conventionally known as West Africa. Ranging from prehistoric time to independence it covers the former French as well as British colonies.
One of the most significant movements in the world of learning in the twentieth century was the rise and development of the social sciences. However, few attempts have been made to see how far social scientists have travelled on the road to studying and understanding human society. First published in 1972, the lectures reprinted in this book aim to trace the development of the social sciences during the twentieth century and to show the role of the London School of Economics and Political Science in this development since it was founded in 1895. Each of the very distinguished lecturers was asked to take the larger view, to be critical where necessary, to treat his subject in the context of the world of learning. The result is a survey of exceptional interest in which the growth of the social sciences is analysed from a number of contrasting viewpoints, each of which ranges widely and often with provocative brilliance over themes that are of general concern. The introduction by Professor W.A. Robson, which was not part of the original lecture series, is in itself a critical assessment of the field that will be read with close attention.
Alfred Marshall was anxious to do good. Intended by an Evangelical father for the vocation of clergyman, the author of the mould-shaping Principles of Economics remained to the end of his days a great preacher deeply committed to raising the tone of life. First published in 1990, Alfred Marshall’s Mission explains how this most moral of political economists sought to blend the downward sloping utility function of Jevons and Menger with the organic evolutionism of Darwin and Spencer, how this celebrated theorist of social alongside economic growth sought to combine the mathematical marginalism of Cournot. Thunen and Edgeworth with the ethical uplift of Green, Jowett and Toynbee. The conclusion reached is that perhaps Marshall was, after all, too anxious to do good. Far more economists, however, have been not anxious enough; and that in itself gives this study of Marshall’s life and times a present day relevance which would, no doubt, have appealed strongly to the shy Cambridge professor who is its subject.
Written during the early 1920s, at a time when Europe was still recovering from the catastrophe of the First World War, L.V. Birck’s The Scourge of Europe examines the economic issues surrounding the existence of public debt, its history, and possible approaches to problems associated with public debt as they were being pursued by the great powers of the time. Birck’s analysis contains a rigorous theoretical exposition and explanation of public debt as it was understood in the crucial period leading up to the Great Depression. This is then followed by an insightful exploration of the role of public debt in European financial and economic history. Finally, some reflections on the policies of England, the United States, France and Germany in the latter part of the nineteenth and early-twentieth centuries are included. This book will appeal to economic and financial historians, as well as to those generally interested in European policies towards debt from the Middle Ages to modern times.