This book provides a concise history of economic thought for readers of all ages. While some basic economics knowledge would be helpful, it is not required. The book sets out to achieve three aims: to be interesting, entertaining, and thought-provoking. While the authors may appear opinionated in certain instances, this is intentionally done in order to alert readers to form their own views. History of ideas does not make the us smarter nor richer, but it can reduce our ignorance and the “banality of evil”―a term Hannah Arendt referred to people who lack self-reflection, “He did his duty...; he not only obeyed orders, he also obeyed the law.”
Author(s): Cheng-chung Lai, Tai-kuang Ho
Publisher: Springer
Year: 2022
Language: English
Pages: 150
City: Singapore
Acknowledgements
To Readers
Contents
About the Authors
List of Figures
Part I Fun and Useful
1 Welcome!
2 Dead Men’s Wrong Ideas?
Part II Pioneers and Contenders
3 Wealth and Power: Mercantilism
4 The Physiocrats and Law of Nature
Part III Classical School
5 Adam Smith and the Invisible Hand of the Market Mechanism
6 Thomas Malthus and Effectual Demand
7 David Ricardo and Differential Rent
8 John Stuart Mill and the Peak Time of the Classic School
Part IV The Rise of Socialism
9 Antagonists to the Classic School
10 Karl Marx and the Collapse of Capitalism
Part V Marginal Analysis
11 The Marginal School in France
12 The Marginal School in Germany, Austria, and the U.K.
13 Application and Extension of the Marginal School
14 Alfred Marshall and the Foundation of the Neoclassical School
15 Theories of Imperfect Competition
Part VI Contemporary Trends
16 The Boom of Mathematical Economics
17 The Institutional School
18 Keynes and Keynesian Economics
19 Early Austrian School
20 The Rise of the Chicago School
Epilogue
Economic Ideas in Retrospect
Further Readings
Popular
Textbooks
Journals
Websites
