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A Concise History of Economists' Assumptions about Markets: From Adam Smith to Joseph Schumpeter - Hardcover
Synopsis
This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies.
· Explores how economists described the forces that drive markets and economies, explains why these descriptions have changed over time, and identifies the impacts that historical events and the growth of the economics profession have had on these descriptions
· Questions whether the mental models and economic assumptions initially proposed by Adam Smith should continue to be used
· Examines not only historic events and the development of economic and socio-political theories but also addresses questions about the future of economics and other social sciences
"synopsis" may belong to another edition of this title.
Book Description
Are the classic mental models and assumptions of key economists still valid today?
About the Author
Robert Edward Mitchell, PhD, is a retired Foreign Service officer with the United States Agency for International Development with long-term assignments in Egypt, Yemen, and Guinea-Bissau.
"About this title" may belong to another edition of this title.
- PublisherPraeger
- Publication date2014
- ISBN 10 1440833095
- ISBN 13 9781440833090
- BindingHardcover
- LanguageEnglish
- Number of pages192
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A Concise History of Economists' Assumptions about Markets
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A Concise History of Economists' Assumptions about Markets (Hardcover)
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Hardcover. Condition: new. Hardcover. This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies.Nine narrative chapters and a conclusion provide an accessible history of key premises and assumptions in the mental models proposed by several major economists since the 1776 publication of Adam Smith's The Wealth of Nations and show howand whythose models and their underlying assumptions have changed over time. The book addresses the legacies of major economists, describes their historical and analytical influence, documents the interaction among various schools of thought as well as how they differ, and the implications that this history has for economics and the policy sciences in the decades ahead.The author focuses on the mental maps economists have created in an attempt to understand the forces that destroyed "order," explaining how these maps incorporate a non-mathematical presentation of evolving dictionaries, novel analytical perspectives, new evidence, and a reliance on value assumptions. He traces the underlying assumptions, continuities, and differences among major economists including Adam Smith, Thomas Malthus, David Ricardo, Alfred Marshall, John Maynard Keynes, Karl Marx, Thorstein Veblen, and Joseph Schumpeter. Readers will grasp how the classic theories still influence economists' mental models today and come away with a basic economic literacy that puts this important social science in historical context. This is essential reading for all the social and policy sciences. This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781440833090
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Buch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies.Nine narrative chapters and a conclusion provide an accessible history of key premises and assumptions in the mental models proposed by several major economists since the 1776 publication of Adam Smith's The Wealth of Nations and show how-and why-those models and their underlying assumptions have changed over time. The book addresses the legacies of major economists, describes their historical and analytical influence, documents the interaction among various schools of thought as well as how they differ, and the implications that this history has for economics and the policy sciences in the decades ahead.The author focuses on the mental maps economists have created in an attempt to understand the forces that destroyed 'order,' explaining how these maps incorporate a non-mathematical presentation of evolving dictionaries, novel analytical perspectives, new evidence, and a reliance on value assumptions. He traces the underlying assumptions, continuities, and differences among major economists including Adam Smith, Thomas Malthus, David Ricardo, Alfred Marshall, John Maynard Keynes, Karl Marx, Thorstein Veblen, and Joseph Schumpeter. Readers will grasp how the classic theories still influence economists' mental models today and come away with a basic economic literacy that puts this important social science in historical context. This is essential reading for all the social and policy sciences. Seller Inventory # 9781440833090
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