This is a history of economic thought from Adam Smith to John Maynard Keynes-but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.
- Important new edition of one of the classic texts in the history of economic thought
- Contains important additions and changes bringing it right up to date with current research
- Mark Blaug is perhaps the best known and most widely published historian of economic theory in the profession today
- Highly acclaimed and well reviewed textbook
- Includes reader's guides
Reviews & endorsements
"It is said there is only one Mark Blaug, the doyen of the history of economic thought. There are, in fact, five, each more remarkable than his predecessor. This last edition of his magnum opus-witty, serious; iconoclastic, devout; in its core unchanged, full of new insights-is the best yet. I cannot imagine a scholar's library-or for that matter a student's-without it." Robert Heilbroner