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Competing Schools of Economic Thought

  • Book
  • © 2009

Overview

Authors:
  1. Lefteris Tsoulfidis

    1. Dept. Economics, University of Macedonia, Thessaloniki, Greece

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Table of contents (17 chapters)

  1. Front Matter

    Pages i-ix
    Download chapter PDF

  2. Introduction

    • Lefteris Tsoulfidis
    Pages 1-4

  3. The Origins of Economic Theory

    • Lefteris Tsoulfidis
    Pages 5-19

  4. Adam Smith’s Wealth of Nations

    • Lefteris Tsoulfidis
    Pages 21-55

  5. David Ricardo’s Principles of Political Economy

    • Lefteris Tsoulfidis
    Pages 57-84

  6. Karl Marx’s Das Kapital

    • Lefteris Tsoulfidis
    Pages 85-131

  7. The Structure of Classical Theory

    • Lefteris Tsoulfidis
    Pages 133-155

  8. The Structure of the Neoclassical Theory

    • Lefteris Tsoulfidis
    Pages 157-186

  9. Theory of Capital and Cambridge Controversies

    • Lefteris Tsoulfidis
    Pages 187-212

  10. Between Competition and Monopoly

    • Lefteris Tsoulfidis
    Pages 213-242

  11. Keynes’s General Theory

    • Lefteris Tsoulfidis
    Pages 243-270

  12. The Neoclassical Synthesis

    • Lefteris Tsoulfidis
    Pages 271-285

  13. Disequilibrium Macroeconomics: From Its Brief Ascent to the Rapid Decline

    • Lefteris Tsoulfidis
    Pages 287-300

  14. The Rise and Fall of Monetarism

    • Lefteris Tsoulfidis
    Pages 301-324

  15. New Classical Macroeconomics

    • Lefteris Tsoulfidis
    Pages 325-341

  16. The Real Business Cycles Approach

    • Lefteris Tsoulfidis
    Pages 343-361

  17. The Return of (New) Keynesian Economics

    • Lefteris Tsoulfidis
    Pages 363-381

  18. Economic Theory in Historical Perspective

    • Lefteris Tsoulfidis
    Pages 383-393

  19. Back Matter

    Pages 395-416
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Keywords

About this book

1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.

Authors and Affiliations

  • Dept. Economics, University of Macedonia, Thessaloniki, Greece

    Lefteris Tsoulfidis

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