Economic Thought: A Brief History

Hardcover | May 3, 2016

byHeinz KurzTranslated byJeremiah Riemer

not yet rated|write a review

In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories.

Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.

Pricing and Purchase Info

$35.00

Ships within 1-3 weeks
Ships free on orders over $25

From the Publisher

In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a ...

Heinz D. Kurz is professor of economics at the University of Graz in Austria and founder of the Graz Schumpeter Centre. He has also taught at numerous universities around the world, including Cambridge University and the New School for Social Research. His books in English include Theory of Production: A Long-Period Analysis and Under...

other books by Heinz Kurz

Macroeconomics and the History of Economic Thought: Festschrift in Honour of Harald Hagemann
Macroeconomics and the History of Economic Thought: Fes...

Kobo ebook|Mar 29 2012

$58.59$73.21list pricesave 19%
Understanding 'Classical' Economics: Studies in Long Period Theory
Understanding 'Classical' Economics: Studies in Long Pe...

Kobo ebook|Sep 11 2002

$58.59$73.21list pricesave 19%
see all books by Heinz Kurz
Format:HardcoverDimensions:224 pagesPublished:May 3, 2016Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231172583

ISBN - 13:9780231172585

Look for similar items by category:

Customer Reviews of Economic Thought: A Brief History

Reviews

Extra Content

Table of Contents

PrefaceIntroduction1. Early Economic Thought2. Classical Economics3. Marx and the Socialists4. The Rise of Marginalism5. Marshall and the Theory of Partial Equilibrium6. Utilitarianism, Welfare Theory, and Systems Debate7. Imperfect Competition8. Schumpeter and the Principle of Creative Destruction9. Keynes and the Principle of Effective Demand10. Reactions to Keynes11. General Equilibrium Theory and Welfare Theory12. Developments in Selected FieldsA Final WordReferences and BibliographyIndex

Editorial Reviews

A definitive history of the field.... Recommended.