ECONOMIC THOUGHT:: A Brief History

Book Details

• Author: Heinz D. Kurz

• Publisher: Rawat Publications

• Language: English

• ISBN: 9788131609217

• Binding: Hardcover

• Release Date: 01-02-2018

• Dimensions: 8.7 x 5.8 x 0.9 inches

About the Book
Economic Thought: A Brief History by Heinz D. Kurz offers a concise yet comprehensive overview of the evolution of economic thought. Tracing its origins from ancient Greece, the book delves into the development of economic ideas through classical thinkers of the late 18th and early 19th centuries, and continues with the work of influential economists like Paul Samuelson and Kenneth J. Arrow. Kurz masterfully examines how economic ideas evolve, being rediscovered and reinterpreted by different scholars across generations, often shaped by historical events. The book highlights how dynamic individuals bring new life to old ideas and how historical contexts influence economic theories and practices.

Contents

• Introduction

• 1. Early Economic Thought

• 2. Classical Economics

• 3. Marx and the Socialists

• 4. The Rise of Marginalism

• 5. Marshall and the Theory of Partial Equilibrium

• 6. Utilitarianism, Welfare Theory, and Systems Debate

• 7. Imperfect Competition

• 8. Schumpeter and the Principle of Creative Destruction

• 9. Keynes and the Principle of Effective Demand

• 10. Reactions to Keynes

• 11. General Equilibrium Theory and Welfare Theory

• 12. Developments in Selected Fields

• A Final Word

About the Author
Heinz D. Kurz is a Professor of Economics at the University of Graz in Austria and the founder of the Graz Schumpeter Centre. Kurz has authored several influential works, including Theory of Production: A Long-Period Analysis (1995) and Understanding "Classical" Economics: Studies in Long Period Theory (1998). His academic contributions have focused on the evolution of economic theory, with a particular emphasis on classical economics and long-period analysis.