Book Reviews

2011 ◽  
Vol 49 (3) ◽  
pp. 725-726

Dennis R. Appleyard of Davidson College reviews “Famous Figures and Diagrams in Economics” edited by Mark Blaug and Peter Lloyd. The EconLit Abstract of the reviewed work begins “Fifty-eight papers examine figures and diagrams commonly used in economic theory, their roles in economic analysis, and their histories. The figures and diagrams discussed fall under the categories of basic tools of demand and supply curve analysis; welfare economics; special markets and topics; basic tools of general equilibrium analysis; open economies; macroeconomic analysis and stabilization; and growth, income distribution, and other topics. Blaug is Professor Emeritus at the University of London and the University of Buckingham. Lloyd is Professor Emeritus in the Department of Economics at the University of Melbourne. Index. Subject Descriptor(s): History of Economic Thought through 1925: General B10 History of Economic Thought since 1925: General B20 Microeconomics: General D00 Macroeconomics and Monetary Economics: General E00”

2017 ◽  
Vol 2 (2) ◽  
pp. 111-127
Author(s):  
Fasiha Fasiha

The development of Islamic economics can not be separated from the historical development of Islamic civilization. The study of the history of economic thought by analyzing the description of economic thinking Ibn Taymiyyah and the history of life that affect the economic thinking of Ibn Taymiyyah. According to Ibn Taymiyyah pricing by the government is good, but not absolute, because the actual prices are set by the forces of demand and supply. Another case, if the price increases caused by injustice market mechanism, the government may intervene in pricing. To achieve this purpose, it is necessary formation hisbah institutions with the aim of protecting the interests of buyers and sellers


1998 ◽  
Vol 20 (4) ◽  
pp. 397-410 ◽  
Author(s):  
Robert W. Clower

Although the ground I cover in this address is familiar, I approach it as a novice (Clower, 1973). I have written some history of economic thought papers over the past fifty years, but the bulk of my work has been theoretical; and I have known too many good historians of thought to imagine I belong in that class. As W. J. Ashley (1891) observed, “The economic historian … is apt to be confused in theory; [and] the … theorist runs the risk of being unhistorical” (compare Wicksell, 1904, p. 61). Unhistorical or not, I shall discuss some major vicissitudes of economic inquiry over the past three centuries.


2014 ◽  
Vol 52 (4) ◽  
pp. 1162-1165

Catherine Herfeld of the Munich Center for Mathematical Philosophy reviews “Defending the History of Economic Thought”, by Steven Kates. The Econlit abstract of this book begins: “Explores the importance of the study of the history of economic thought to the practice of economics. Discusses why to study the history of economic thought; debating the role of the history of economic thought; teaching the history of economic thought; and defending the history of economic thought. Kates is with the School of Economics, Finance, and Marketing at RMIT University.”


2007 ◽  
Vol 29 (2) ◽  
pp. 213-228 ◽  
Author(s):  
Craig Freedman

At times economists seem to treat research into the history of their profession as a guilty pleasure, equating it with “the love that dares not speak its name,” to steal an expression from Oscar Wilde. As a field of research it retains at best an equivocal position. Should real economists waste their time amusing themselves with such a completely irrelevant and non-applicable field? This, at best, ambivalent attitude by a clear majority of the profession meant that the establishment of the first journal dedicated to this area of endeavor (History of Political Economy) served as the eagerly awaited signal for the most prestigious general journals to stop publishing articles of this nature. By the 1970s, the subject's relegation to the backwaters of the discipline translated into a generalized move to drop history of economic thought (as well as economic history) as a requirement of graduate education:the history of thought, like all other fields, is well enough served by its own specialists. These were the reasons why Stigler proposed and supported the decision of the Economics Department at the University of Chicago to abandon its history of thought requirement in 1972, before many other departments did (Rosen 1993, p. 811).


2011 ◽  
Vol 49 (3) ◽  
pp. 727-728

William J. Baumol of New York University and Princeton University reviews “Economics Evolving: A History of Economic Thought” by Agnar Sandmo. The EconLit Abstract of the reviewed work begins “Revised and expanded English translation of Samfunnsokonomi--en idehistorie (2006). Presents a history of economic thought from the late eighteenth century to the 1970s. Discusses a science and its history; before Adam Smith; Adam Smith; the classical school--Thomas Robert Malthus and David Ricardo; consolidation and innovation--John Stuart Mill; Karl Marx as an economic theorist; the forerunners of marginalism; the marginalist revolution--William Stanley Jevons, Carl Menger, and Leon Walras; Alfred Marshall and partial equilibrium theory; equilibrium and welfare--Francis Ysidro Edgeworth, Vilfredo Pareto, and Arthur C. Pigou; interest and prices--Knut Wicksell and Irving Fisher; new perspectives on markets and competition; the great systems debate; John Maynard Keynes and the Keynesian revolution; Ragnar Frisch, Trygve Haavelmo, and the birth of econometrics; the modernization of economic theory in the postwar period; further developments in the postwar period; and long-term trends and new perspectives. Sandmo is Professor Emeritus of Economics at the Norwegian School of Economics and Business Administration. Index.”


2006 ◽  
Vol 28 (4) ◽  
pp. 489-495 ◽  
Author(s):  
R. D. Freeman

When I was studying the history of economic thought at the University of Melbourne in 1959 I was extremely fortunate to have Graham Tucker as my tutor. Tucker was Reader in Economic History in Melbourne during the second half of the 1960s and then became Professor at the Australian National University in Canberra. Taciturn, understated, and droll, Tucker was a wonderful teacher who inspired a deep interest in the history of economics in all those who came under his influence. He was responsible for provoking my interest in Herbert Somerton Foxwell, although at the time it was more one of curiosity about a man who was in many ways an enigma.


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