The Wealth of Ideas
A History of Economic Thought

This 2005 book traces the history of economic thought from its prehistory to the present day.

Alessandro Roncaglia (Author)

9780521691871, Cambridge University Press

Paperback, published 30 November 2006

598 pages
22.9 x 15.2 x 2.5 cm, 0.82 kg

"This is an impressive, wide-ranging and useful volume." Business History Review Geoffrey M. Hodgson, University of Hertfordshire

The Wealth of Ideas, first published in 2005, traces the history of economic thought, from its prehistory (the Bible, Classical antiquity) to the present day. In this eloquently written, scientifically rigorous and well documented book, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with chapters on other important figures and on debates of the period. Economic thought is seen as developing between two opposite poles: a subjective one, based on the ideas of scarcity and utility, and an objective one based on the notions of physical costs and surplus. Professor Roncaglia focuses on the different views of the economy and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility approach in comparison with the Classical/Keynesian approach.

Preface
1. The history of economic thought and its role
2. The prehistory of political economy
3. William Petty and the origins of political economy
4. From body politic to economic tables
5. Adam Smith
6. Economic science at the time of the French revolution
7. David Ricardo
8. The 'Ricardians' and the decline of Ricardianism
9. Karl Marx
10. The marginalist revolution: the subjective theory of value
11. The Austrian school and its neighbourhood
12. General economic equilibrium
13. Alfred Marshall
14. John Maynard Keynes
15. Joseph Schumpeter
16. Piero Sraffa
17. The age of fragmentation
18. Where are we going? Some (very tentative) considerations
References
Index.

Subject Areas: Economic history [KCZ], Political economy [KCP], Economic theory & philosophy [KCA], History of ideas [JFCX]