The Evolution of Economic Thought

by Jacob Oser

The Evolution of Economic Thought, 6/e presents the history of economics and the philosophies that drive the economic way of thinking. It stresses the importance of understanding contemporary economics, by grasping new ideas, evidence, problems and values that call for reconsideration of basic disputes and major contributions of the past. The textbook explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow. Updated pedagogial features provide clear insight into issues like antitrust perspectives and game theory. Introducing ideas like Robert Solow?s pioneering model to discuss recent renewed emphasis on growth theory and technological change, the author sheds historical light on modern debates and thoughts. Stanley Brue once again carries on the legacy of Jacob Oser, the book?s creator, by offering a scholarly and timely presentation of the history of economic thought.

Genres: Economics, Nonfiction

527 pages, Hardcover

First published March 1, 1975

Reviews

[Michael Thomas · Rating 5 out of 5]

I have used this book in my classes for the last 9-10 years. It is a great work of conventional economics and radical ideas. It gives a framework through the five questions for each school of thought that lets you see both where radical challenges occur and where conservative values become retrenched. You get the sense that for all of human history we have been debating the same issues like equality, wellbeing, fairness, human flourishing, and progress. The book comes down on the side of progress, almost as an inevitable feature of human society, but it does not do so without reservations. After-all, how much can a society advance if you are a consistent economist who believes in trade-offs. Since the book has been written, the issues of global climate change and other problems of globalization have become more important to students, so a good instructor has to bring those issues in through the reference to people like Thomas Malthus who wrote in the 19th century and through other schools of thought. No one can read this book carefully and walk away without appreciating the different points of view from all the schools of thought. There is great charity in the way Brue wrote the original and how Grant continued the project in its later additions. If I could get everyone to read this book before talking about economics, I would. I consider it a great privilege to have a continuing conversation with students alongside Brue and Grant's and with their help.

[Monina · Rating 5 out of 5]

great

[Kayesh]

nothing this time desperately want to read this book