History of Economic Ideas in 20 Talks

Description

This book provides a concise history of economic thought for readers of all ages. While some basic economics knowledge would be helpful, it is not required. The book sets out to achieve three aims: to be interesting, entertaining, and thought-provoking. While the authors may appear opinionated in certain instances, this is intentionally done in order to alert readers to form their own views. History of ideas does not make the us smarter nor richer, but it can reduce our ignorance and the “banality of evil”―a term Hannah Arendt referred to people who lack self-reflection, “He did his duty...; he not only obeyed orders, he also obeyed the law.” Acknowledgements To Readers Contents About the Authors List of Figures Part I Fun and Useful 1 Welcome! 2 Dead Men’s Wrong Ideas? Part II Pioneers and Contenders 3 Wealth and Power: Mercantilism 4 The Physiocrats and Law of Nature Part III Classical School 5 Adam Smith and the Invisible Hand of the Market Mechanism 6 Thomas Malthus and Effectual Demand 7 David Ricardo and Differential Rent 8 John Stuart Mill and the Peak Time of the Classic School Part IV The Rise of Socialism 9 Antagonists to the Classic School 10 Karl Marx and the Collapse of Capitalism Part V Marginal Analysis 11 The Marginal School in France 12 The Marginal School in Germany, Austria, and the U.K. 13 Application and Extension of the Marginal School 14 Alfred Marshall and the Foundation of the Neoclassical School 15 Theories of Imperfect Competition Part VI Contemporary Trends 16 The Boom of Mathematical Economics 17 The Institutional School 18 Keynes and Keynesian Economics 19 Early Austrian School 20 The Rise of the Chicago School Epilogue Economic Ideas in Retrospect Further Readings Popular Textbooks Journals Websites