Economic Theory in Retrospect [Paperback]

This book, first published in 1997, is a history of economic thought from Adam Smith to John Maynard Keynes.This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.This is a history of economic thought from Adam Smith to John Maynard Keynes--but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.Introduction; 1. Pre-Adamite economics; 2. Adam Smith; 3. Population, diminishing returns and rent; 4. Ricardo's system; 5. Say's Law and classical monetary theory; 6. John Stul3&