This important new book is a critical introduction to the history of economic theory which introduces students and teachers to the central figures and doctrines of economics from Adam Smith to the rational-expectations school. The first part of the book examines the doctrines of the classical economists including Smith, Malthus, Ricardo and Marx. This is followed by a section on the rise of marginalist economics focusing on the work of Jevons, Walras, Menger, B?hm-Bawerk, Marshall and Pigou. The final section examines the history of macroeconomics since Keynes published the General Theory. Topics discussed in this section include the IS-LM analysis, general disequilibrium analysis, Harrod's growth model, post Keynesian economics, monetarism and the rational-expectations hypothesis. Professor Dome analyses the main contributions in the history of economic thought through a series of elementary diagrams and equations which make these ideas accessible to students. This book is suitable for advanced undergraduate or introductory postgraduate courses on the history of economic thought as well as supplementary reading in courses on microeconomics and macroeconomics.
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