A History of Economic Theory and Method

A History of Economic Theory and Method

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Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and HAcberta€™s survey provides historical and international contexts for how economic models have served social needs throughout the centuriesa€”beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and a€œexperimentsa€ in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants. The authorsa€™ creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.From time to time auto manufacturers increase the warranty period applied to new cars. ... Regardless of Toyotaa#39;s behavior, GMa#39;S profits are higher when it offers Does not provide extended warranty GM Does provide extended warranty Danbsp;...

Title:A History of Economic Theory and Method
Author: Robert B. Ekelund, Jr., Robert F. Hébert
Publisher:Waveland Press - 2013-08-30

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