Sunday, April 10, 2011

A Concise History of Economic Thought From Mercantilism to Monetarism

hi, Dears
Tomorrow I'm going to present for you "A Concise History of Economic Thought From Mercantilism to Monetarism". This book is written by Gianni Vaggi and Peter Groenewegen and published in 2003 & 2006.

A little about the book...

      In first part of the book you can read about - examines the process of formation of classical political economy, or the evolution of the ‘theories of surplus’. The reason for using either of these two terms will emerge from the contents of the book. As for the meaning of classical political economy itself, no further specific definition needs to be provided at this stage...
     
      The second half of this book is history of economics is called modern developments because it covers the period during which the foundations were laid for much of the contemporary mainstream theory of economics, both in its micro-, and in its macro-parts.

       And also you can get information about Milton Friedman was born in New York in 1912, in decidedly humble circumstances. He studied economics at Rutgers, Chicago and Columbia, worked in various research capacities, much of them statistically oriented (including work at the National Bureau of Economic Research) before turning to an academic career (at Chicago from 1946). He won his first academic laurels by writing on positive economics and the Marshallian demand curve (Friedman, 1953).

       In short, the outline history of economics here concluded cannot be the final word on the subject. What it has attempted is to provide a useful sketch on the development of economics from mercantilism to monetarism. Most strikingly, it has provided an overview of the variety of that development while the guides for further reading which accompany each chapter indicate the variety of interpretation to which this epilogue draws attention.

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