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A History of Economic Thought, by William J. Barber
Ebook Download A History of Economic Thought, by William J. Barber
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Study of the grand ideas in economics has a perpetual intellectual fascination in it’s own right. It can also have practical relevance, as the global economic downturn that began in 2007 reminds us. For several decades, the economics establishment had been dismissive of Keynesianism, arguing that the world had moved beyond the “depression economics” with which it dealt. Keynesian economics, however, has now staged a comeback as governments attempt to formulate policy responses to the Great Recession of the first decade of the twenty-first century.
Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today—and we can always learn from their mistakes.
In his stimulating analysis Professor Barber assesses the thought of a number of important economists both in terms of the issues of their day and in relation to modern economic thought. By concentrating on the greatest exponents he highlights the central properties of the four main schools of economic thought – classical, Marxian, neo-classical, and Keynesian – and shows that although each of these traditions is rooted in a different stage of economic development, they can all provide insights into the recurring problems of modern economics.
- Sales Rank: #970291 in Books
- Published on: 2009-06-15
- Original language: English
- Number of items: 1
- Dimensions: 7.99" h x .56" w x 5.00" l, .65 pounds
- Binding: Paperback
- 270 pages
About the Author
WILLIAM J. BARBER is Andrews Professor of Economics, Emeritus at Wesleyan University in Middletown, Connecticut, where he taught from 1957 to 1993. He has served as the president of the History of Economics Society (1989–1990) and in 2002 was named a Distinguished Fellow of that society.
Most helpful customer reviews
2 of 2 people found the following review helpful.
A History of Economic Thought
By Miss Lynch
This was a short and concise introdution to the evolution of economic ideology. It was easy to read and provided sound examples. It is a very good starting point for an absolute novice to get a basic grounding, before going into more detailed texts or even the readings of the economists themsleves.
0 of 0 people found the following review helpful.
thank you
By BRUCE
excellent
12 of 12 people found the following review helpful.
A classic.
By A Customer
The book is a general introduction to economic thought since Adam Smith, and is extremely enlightening. For instance, I learnt that the American Economic Association, in its founding statutes in 1920 was opposed to laissez-faire economics and Adam smith was a professor of moral philosophy who was committed to the social good (NOT to individual selfishness).
The only problems I had with the book is that some vital information was not referenced to secondary sources - for example, Barber insisted that Smiths focus was on long term issues for the wealth of nations, and 2 hours of thumbing through the 2 volume 'wealth of nations' did not glean a hint of the text that was supposedly central to Smiths argument.
The treatment of some (possibly all) economists was necessarily light, as one would expect when trying to cover all this material in a 260 page book,in particular Marx and Keynes seemed to suffer from an inadequate exploration of their ideas. However, for a general introduction, this book was great.Its great strength is the amount of information and historical background it covers in the contents of a small book. I recommend it - great for broadening ones education and understanding of the world and how it became the way it is.
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