Sunday, December 21, 2008

History of Economic Analysis or The Globalization and Development Reader

History of Economic Analysis

Author: Joseph A Schumpeter

At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of the book and puts Schumpeters work into current perspective, History of Economic Analysis remains a reflection of Schumpeters diverse interests in history, philosophy, sociology, and psychology. Major topics include the techniques of economic analysis, contemporaneous developments in other sciences, and the sociology of economics; economic writings from Plato and Aristotle up through the time of Adam Smith, including the medieval scholastics and natural-law philosophers; the work of Malthus, Mill, Ricardo, Marx, and the important European economists; the history, sociology, psychology, and economics of the period 1879-1914; and modern economic developments. Schumpeter perceived economics as a human science, and this lucid and insightful volume reflects that perception, creating a work that is of major importance to the history of economics.



Table of Contents:

Introduction by Mark Perlman

Editor's Introduction

PART I

INTRODUCTION

SCOPE AND METHOD

CHAPTER 1. INTRODUCTION AND PLAN

1. Plan of the Book

2. Why Do We Study the History of Economics?

3. But Is Economics a Science?

CHAPTER 2. INTERLUDE I: THE TECHNIQUES OF ECONOMIC ANALYSIS

1. Economic History

2. Statistics

3. 'Theory'

4. Economic Sociology

5. Political Economy

6. Applied Fields

CHAPTER 3. INTERLUDE II: CONTEMPORANEOUS DEVELOPMENTS IN OTHER SCIENCES

1. Economics and Sociology

2. Logic and Psychology

3. Economics and Philosophy

CHAPTER 4. THE SOCIOLOGY OF ECONOMICS

1. Is the History of Economics a History of Ideologies?

PART II

FROM THE BEGINNINGS TO THE FIRST CLASSICAL SITUATION

(TO ABOUT 1790)

CHAPTER 1. GRAECO-ROMAN ECONOMICS

1. Plan of the Part

2. From the Beginnings to Plato

3. Aristotle's Analytic Performance

4. On the Origin of the State, Private Property, and Slavery

5. Aristotle's 'Pure' Economics

6. Greek Philosophy

7. The Contribution of the Romans

8. Early Christian Thought

CHAPTER 2. THE SCHOLASTIC DOCTORS AND THE PHILOSOPHERS OF NATURAL LAW

1. The Great Gap

2. Feudalism and Scholasticism

3. Scholasticism and Capitalism

4. Scholastic Sociology and Economics

5. The Concept of Natural Law

6. The Philosophers of Natural Law: Natural-Law Analysis in the Seventeenth Century

7. The Philosophers of Natural Law: Natural-LawAnalysis in the Eighteenth Century and After

CHAPTER 3. THE CONSULTANT ADMINISTRATORS AND THE PAMPHLETEERS

1. More Facts from Social History

2. The Economic Literature of the Period

3. Sixteenth-Century Systems

4. The Systems, 1600-1776

5. Quasi-Systems

6. Public Finance Once More

7. Notes on Utopias

CHAPTER 4. THE ECONOMETRICIANS AND TURCOT

1. Political Arithmetick

2. Boisguillebert and Cantillon

3. The Physiocrats

4. Turgot

CHAPTER 5. POPULATION, RETURNS, WAGES, AND EMPLOYMENT

1. The Principle of Population

2. Increasing and Decreasing Returns and the Theory of Rent

3. Wages

4. Unemployment and the 'State of the Poor'

CHAPTER 6. VALUE AND MONEY

1. Real Analysis and Monetary Analysis

2. Fundamentals

3. Digression on Value

4. The Quantity Theory

5. Credit and Banking

6. Capital, Savings, Investment

7. Interest

CHAPTER 7. THE 'MERCANTILIST' LITERATURE

1. Interpretation of the 'Mercantilist' Literature

2. Export Monopolism

3. Exchange Control

4. The Balance of Trade

5. Analytic Progress from the Last Quarter of the Seventeenth Century: Josiah Child to Adam Smith

PART III

FROM 1790 TO 1870

CHAPTER 1. INTRODUCTION AND PLAN

1. Coverage

2. Paraphernalia

3. Plan of the Part

4. Concerning the Marxist System

CHAPTER 2. SOCIO-POLITICAL BACKGROUNDS

1. Economic Development

2. Free Trade and Foreign Relations

3. Domestic Policy and Sozialpolitik

4. Gladstonian Finance

5. Gold

CHAPTER 3. THE INTELLECTUAL SCENERY

1. The Zeitgeist of the Period and Its Philosophy

2. Romanticism and Historiography

3. Sociology and Poitical Science: Environmentalism

4. Evolutionism

5. Psychology and Logic

6. Pre-Marxian Socialism

CHAPTER 4. REVIEW OF THE TROOPS

1. The Men Who Wrote above Their Time

2. The Ricardians

3. Malthus, Senior, and Some of Those Who Also Ran

4. France

5. Germany

6. Italy

7. United State

8. Factual Work

CHAPTER 5. GENERAL ECONOMICS: A CROSS SECTION

1. J.S. Mill and his Principles. Fawcett and Cairnes

2. Scope and Method: What Economists Thought They Were Doing

3. What Mill's Readers Actually Got

4. The Institutional Frame of the Economic Process

5. The 'Classic' Schema of the Economic Process

6. The 'Classic' Conception of Economic Development

CHAPTER 6. GENERAL ECONOMICS: PURE THEORY

1. Axiomatics, Senior's Four Postulates

2. Value

3. The Theory of International Values

4. Say's Law of Markets

5. Capital

6. The Distributive Shares

CHAPTER 7. MONEY, CREDIT, AND CYCLES

1. England's Problems

2. Fundamentals

3. Gleanings from the Discussions on Inflation and Resumption

4. The Theory of Credit

5. Foreign Exchange and International Gold Movements

6. 'The' Business Cycle

PART IV

FROM 1870 TO 1914 (AND LATER)

CHAPTER 1. INTRODUCTION AND PLAN

1. Coverage

2. Paraphernalia

3. Plan of the Part

CHAPTER 2. BACKGROUND AND PATTERNS

1. Economic Development

2. The Defeat of Liberalism

3. Policies

4. Art and Thought

CHAPTER 3. SOME DEVELOPMENTS IN NEIGHBORING FIELDS

1. History

2. Sociology

3. Psychology

CHAPTER 4. SOZIALPOLITIK AND THE HISTORICAL METHOD

1. Sozialpolitik

2. Historism

CHAPTER 5. THE GENERAL ECONOMICS OF THE PERIOD: MEN AND GROUPS

1. Jevons, Menger, Walras

2. England: The Marshallian Age

3. France

4. Germany and Austria

5. Italy

6. The Netherlands and Scandinavian Countries

7. The United States

8. The Marxists

CHAPTER 6. GENERAL ECONOMICS: ITS CHARACTER AND CONTENTS

1. Outposts

2. The Vision, Enterprise, and Capital

3. The Revolution in the Theory and Value of Distribution

4. Marshall's Attitude and Real Cost

5. Interest, Rent, Wages

6. The Contribution of the Applied Fields

CHAPTER 7. EQUILIBRIUM ANALYSIS

1. Fundamental Unity of the Period's Economic Theory

2. Cournot and the 'Mathematical School': Econometrics

3. The Concept of Equilibrium

4. The Competitive Hypothesis and the Theory of Monopoly

5. The Theory of Planning and of the Socialist Economy

7. The Walrasian Theory of General Equilibrium

8. The Production Function

APPENDIX TO CHAPTER 7

NOTE ON THE THEORY OF UTILITY

1. The Earlier Developments

2. Beginnings of the Modern Development

3. The Connection with Utilitarianism

4. Psychology and the Utility Theory

5. Cardinal Utility

6. Ordinal Utility

7. The Constistency Postulate

8. Welfare Economics

CHAPTER 8. MONEY, CREDIT, AND CYCLES

1. Practical Problems

2. Analytic Work

3. Fundamentals

4. The Value of Money: Index Number Approach

5. The Value of Money: the Equation of Exchange and the 'Quantity Approach'

6. The Value of Money: the Cash Balance and Income Approaches

7. Band Credit and the 'Creation' of Deposits

8. Crises and Cycles: the Monetary Theories

9. Non-Monetary Cycle Analysis

PART V

CONCLUSION

A SKETCH OF MODERN DEVELOPMENTS

CHAPTER 1. INTRODUCTION AND PLAN

1. Plan of the Part

2. The Progress of Theoretical Economics during the Last Twenty-five Years

CHAPTER 2. DEVELOPMENTS STEMMING FROM THE MARSHALL-WICKSELL APPARATUS

1. The Modern Theory of Consumers' Behavior and the 'New' Theory of Production

2. Theory of the Individual Firm and the Monopolistic Competition

CHAPTER 3. ECONOMICS IN THE 'TOTALITARIANISM' COUNTRIES

1. Germany

2. Italy

3. Russia

CHAPTER 4. DYNAMICS AND BUSINESS CYCLE RESEARCH

1. Dynamizing Aggregative Theory: Macrodynamics

2. The Statistical Complement: Econometrics

3. The Interaction of Macrodynamics and Business Cycle Research

CHAPTER 5. KEYNES AND MODERN MACROECONOMICS

1. Comments on the Wider Aspects of Keynes's Work

2. The Analytic Apparatus of the General Theory

3. The Impact of the Keynesian Message

EDITOR'S APPENDIX

LIST OF BOOKS FREQUENTLY QUOTED

AUTHOR INDEX

SUBJECT INDEX

See also: New Ebony Cookbook or Great Chiles Rellenos Book

The Globalization and Development Reader: Perspectives on Development and Social Change

Author: J Timmons Roberts

The Globalization and Development Reader builds on the success of From Modernization to Globalization, published by the editors in 2000 and used around the world. It provides an up-to-date primer and key reference for students, scholars, and development practitioners wishing to get up to speed quickly on the issues surrounding social change and development in the “Third World.”


  • Includes carefully excerpted samples from both classic and contemporary writings.
  • Includes a general introduction to the field, and short, insightful section introductions.



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