A01=Agnar Sandmo
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An Essay on the Nature and Significance of Economic Science
Author_Agnar Sandmo
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Capitalism
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Classical economics
Commodity
Comparative advantage
Competition (economics)
Consumer
COP=United States
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Demand curve
Dynamic efficiency
Economic equilibrium
Economic liberalism
Economic planning
Economic policy
Economic power
Economic problem
Economic surplus
Economic Theory (journal)
Economics
Economist
Economy
Effective competition
Efficient-market hypothesis
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Externality
Factors of production
Frank Hahn
General equilibrium theory
Income
Indifference curve
Input-Output Analysis
Interest and Money
Investment
Invisible hand
Irving Fisher
Jevons
John Maynard Keynes
Keynesian Revolution
Knut Wicksell
Labor theory of value
Language_English
Law of value
Lionel Robbins
Long run and short run
Marginal cost
Marginal utility
Marginalism
Market economy
Market mechanism
Market power
Mercantilism
Monopolistic competition
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Pareto efficiency
Perfect competition
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Profit maximization
PS=Active
Public expenditure
Public finance
Self-interest
softlaunch
Supply (economics)
Supply and demand
Tax
Tendency of the rate of profit to fall
The Affluent Society
The General Theory of Employment
The Road to Serfdom
The Theory of the Leisure Class
The Wealth of Nations
Thomas Robert Malthus
Thorstein Veblen
Transformation problem
Unemployment
Utilitarianism
Utility
Wage
Product details
- ISBN 9780691148427
- Weight: 680g
- Dimensions: 156 x 235mm
- Publication Date: 17 Jan 2011
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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In clear, nontechnical language, this introductory textbook describes the history of economic thought, focusing on the development of economic theory from Adam Smith's Wealth of Nations to the late twentieth century. The text concentrates on the most important figures in the history of economics, from Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, and Karl Marx in the classical period to John Maynard Keynes and the leading economists of the postwar era, such as John Hicks, Milton Friedman, and Paul Samuelson. It describes the development of theories concerning prices and markets, money and the price level, population and capital accumulation, and the choice between socialism and the market economy. The book examines how important economists have reflected on the sometimes conflicting goals of efficient resource use and socially acceptable income distribution. It also provides sketches of the lives and times of the major economists. Economics Evolving repeatedly shows how apparently simple ideas that are now taken for granted were at one time at the cutting edge of economics research.
For example, the demand curve that today's students probably get to know during their first economics lecture was originally drawn by one of the most innovative theorists in the history of the subject. The book demonstrates not only how the study of economics has progressed over the course of its history, but also that it is still a developing science.
Agnar Sandmo is professor emeritus of economics at the Norwegian School of Economics and Business Administration. He is the author of "The Public Economics of the Environment".
