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An Outline of the History of Economic Thought

Ernesto Screpanti and Stefano Zamagni

Second edition

Published in print May 2005 | ISBN: 9780199279142
Published online October 2005 | e-ISBN: 9780191602887 | DOI: http://dx.doi.org/10.1093/0199279144.001.0001
An Outline of the History of Economic Thought

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Provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter and modern theories as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between the 'pure' historians of thought, who dedicate themselves exclusively to studying 'facts', and the 'pure' theorists, who are interested only in the evolution of the logical structure of theories. An unconventionally large amount of space is reserved for the thought of the last 50 years of the twentieth century, for more than 50% of scientific knowledge has been produced in this time span. The book is not directed to a specialist public nor solely to a student audience. It aims to reach the educated person who has an interest in understanding the context in which economic ideas were formed.

The second edition contains several changes and additions. Among them: a look at the ‘civil economy’ perspective in Humanism and Renaissance; an interpretation of Adam Smith as an institutionalist; a hint at the social ontology of Karl Marx; a new treatment of post-Keynesian and new Keynesian approaches; a final chapter on contemporary institutionalist thought in the light of globalization and postmodernism.

Keywords: classical economics; Keynesian revolution; mercantilism; neoclassical theory; neo-Ricardian paradigm; new political economy; physiocracy; utilitarianism; value; theories of; welfare economics

Book.  456 pages.  Illustrated.

Subjects: History of Economic Thought

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Table of Contents

Introduction in An Outline of the History of Economic Thought

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The Birth of Political Economy in An Outline of the History of Economic Thought

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The <i>Laissez-Faire</i> Revolution and Smithian Economics in An Outline of the History of Economic Thought

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From Ricardo to Mill in An Outline of the History of Economic Thought

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Socialist Economic Thought and Marx in An Outline of the History of Economic Thought

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The Triumph of Utilitarianism and the Marginalist Revolution in An Outline of the History of Economic Thought

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The Construction of Neoclassical Orthodoxy in An Outline of the History of Economic Thought

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The Years of High Theory: I in An Outline of the History of Economic Thought

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The Years of High Theory: II in An Outline of the History of Economic Thought

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Contemporary Macroeconomic Theory in An Outline of the History of Economic Thought

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