Recent Developments in Macroeconomics will be an essential reference source for students, instructors and researchers concerned with new initiatives at the frontier of modern macroeconomic theory.
This title focuses on the importance of the history of economic thought as an intellectual discipline. It counters the arguments of some contemporary economists who describe it as studying the mistakes of the past. However, all the gre...
Aristotle has rightly been called a ‘universal genius’. Whilst his work in economics was not fundamental, it has nevertheless attracted an enormous literature. This is particularly true of some passages in his ‘Politics’ on the ‘Natura...
Thomas Aquinas is generally acknowledged to be the greatest theologian of the Middle Ages and his masterpiece, ‘Summa Theologica’, provides a complete and authoritative statement of medieval economic thought that has remained the officia...
The Mercantilist School never presented a common front but is associated with a common outlook: the idea of specie or bullion as the essence of wealth and the notion that a positive balance of trade is an index of national welfare. It i...
This volume presents critical writings on the work of the later mercantilists. Sir Josiah Child was elected a governor of the East India Company in 1681. His reputation as an economist rests on his book ‘A New Discourse of Trade’ publis...
Charles Davenant was one of the leading economic pamphleteers of the 1690s. He frequently developed general principles, some of which sound almost like the early writings of Adam Smith. He was, however, a Mercantilist in the sense that...
Pierre le Pesant Boisguilbert was considered by Marx as one of the founders of classical political economy. His writings contain a large number of concepts and ideas that reappear in the writings of Quesnay, Cantillon and Adam Smith. G...
John Law was one of those extraordinary personalities in which the 18th century seemed to abound. He held a demand-and-supply theory of value and treated the value of money or the determination of the average level of prices as only a s...
Richard Cantillon was an Irish refugee who fled to France after the defeat of James II. As a business associate of John Law he sold stock on a rising market and made a fortune from the Mississippi Bubble. His one great book ‘Essay on t...
Francois Quesnay is best known for the Tableau Economique, the proposition that only agriculture generates a positive ''net product'' and that industry is ‘sterile’. He recommended a ‘single tax’ on ground rent and invented the slogan ‘...
