A Concise History of Economic Thought From Merchantilism to Monetarism

Gianni Vaggi and Peter Groenewegen present a brief history of economic thought in two parts dealing respectively with classical economics and modern developments. Each of the 18 chapters looks at the contributions of a major economist, from Thomas Mun in the early 17th century through to Keynes and Harrod and the foundations of modern macroeconomics in the 20th century. Suggestions are given for further reading on each economist featured.

Gianni Vaggi is Professor of Economics, University of Pavia, Italy. Peter Groenewegen is in the Department of Economics, University of Sydney.

Part I: Classical Political Economy (1600-1870) * Introduction: From Mercantilism to Karl Marx * Seventeenth Century Pioneers * Development in French Economics * Towards a Mature Classical Political Economy * The First Full System of Classical Political Economy * The 'Golden Age' of Classical Political Economy * Part II: Modern Development (1870-1960) * Introduction: The Coming of Marginalism and Macro-Economics * The First Generation * The Development of Marginalist Economics: Distribution and Capital Theory * Pioneers of Macro-Economics * Further Developments in Micro-Economics * The Foundations of Modern Macro-Economics
Part I: Classical Political Economy (1600-1870) * Introduction: From Mercantilism to Karl Marx * Seventeenth Century Pioneers * Development in French Economics * Towards a Mature Classical Political Economy * The First Full System of Classical Political Economy * The 'Golden Age' of Classical Political Economy * Part II: Modern Development (1870-1960) * Introduction: The Coming of Marginalism and Macro-Economics * The First Generation * The Development of Marginalist Economics: Distribution and Capital Theory * Pioneers of Macro-Economics * Further Developments in Micro-Economics * The Foundations of Modern Macro-Economics