The heritage of financial inspiration has consistently attracted a number of the brightest minds within the self-discipline. those chroniclers of improvement have helped shape our present perspectives, and it's no shock that many between them were on the vanguard of recent hobbies within the background of ideas.
This extraordinary assortment summarizes the paintings of those key historians of economics and makes an attempt to quantify their effect. the various writers coated, resembling Friedrich Hayek and Joan Robinson, are already guaranteed in their position one of the maximum economists of the 20 th century, however the assortment additionally stresses the impact of these nonetheless lively in shaping our perceptions - including Mark Blaug, Samuel Hollander and Donald Winch.
Written by way of a magnificent roster of participants, a lot of whom are themselves recognized within the historical past of financial proposal, this key e-book beneficial properties writings from John Creedy, Roger Blackhouse and Neil De Marchi, in addition to the editors of the gathering as a complete, Warren J. Samuels and Steven Medema.
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Additional resources for Historians of Economics and Economic Thought: The Construction of Disciplinary Memory (Routledge Studies in the History of Economics)
Mill, Marx, and “Jevons and the marginal revolution”, chapters are organized round specific topics in economic theory and the conceptual problems these raise. In many chapters the focus is on particular individuals (Walras and general equilibrium; Pareto and welfare economics; Marshall and utility; Wicksteed and income distribution; BöhmBawerk, Fisher, and Wicksell on capital; Wicksell and money). However, in all cases a thorough discussion of the technical issues is combined with an analysis of what key economists said.
However, despite using Lakatosian language, he does not spell out in detail the heuristics of either the Smithian programme or its Ricardian variant. Blaug then proceeds to outline, in clear Lakatosian terms, the degeneration of Ricardian economics after 1848. BACKHOUSE ON MARK BLAUG 31 and Continental economics, though he talks of competing research programmes, the Lakatosian framework is used much more loosely. Statements about Continental economics being conceived on the lines of Smith rather than Ricardo do not depend in any way on a Lakatosian perspective.
This was also the underlying theme in The Methodology of Economics. It explains why, in surveying the philosophy of science, Blaug focused on Popper, Kuhn, and Lakatos. However, rather than taking examples from the history of economic thought, in the book he focused on a series of case studies in postwar economics. These ranged widely: consumption, the firm, general equilibrium, marginal productivity, reswitching, international trade, macroeconomics, human capital, and the family. Compared with the article, the conclusions were stronger —economists were playing tennis with the net down.
Historians of Economics and Economic Thought: The Construction of Disciplinary Memory (Routledge Studies in the History of Economics)