History Of Economic Thought, charts the evolution of economics, focusing mainly on mainstream thought that contributed to modern economics’ scope and content over the centuries but also showing deviations from orthodoxy that shaped our current economic thinking. There are a number of methodological questions addressed in the book, as well as explanations of the relationships between theories and the economic environment.
In addition, it explains the significance of particular ideas to the development of the theory, as well as the broader implications for economic and social policy formulation. As a result, it recognizes that economic thought is both a vision and a theory. The vision is the broad perception with which individuals look at the world. The theory comprises the specific models that capture the vision. To understand the thought of individual economists, one must understand both their vision and their model.
- PART ONE PRECLASSICAL ECONOMICS
- PART TWO CLASSICAL ECONOMIC THOUGHT, AND ITS CRITICS
- PART THREE NEOCLASSICAL ECONOMIC THOUGHT AND ITS CRITICS
- PART FOUR MODERN ECONOMICS AND ITS CRITICS