The Making of Economics (4th edition), Volume III: The Radical Assaul: 3 - Hardcover

E Ray Canterbery

Hardcover

ISBN 10: 9812837728 ISBN 13: 9789812837721

Publisher: World Scientific Publishing Company, 2010

Synopsis

This book is the first in the field to cover exclusively the modern radical economists. Science has always had its radicals; economics is unexceptional in this regard. The book begins with the persona of Karl Marx and his soulmate Friedrich Engels, the most radical of all, continuing with the central ideas of Marx, including his theory of capitalism and an understanding of why, in Marx's view, capitalism is doomed. Thereafter, Thorstein Veblen fills the role as the USA radical who founded the only uniquely American school of economics the institutionalist school. This is followed by Joseph Schumpeter and his theory of capitalist motion. According to Schumpeter, the demise of capitalism is self-inflicted through creative destruction. The bestselling authors, Robert Heilbroner and John Kenneth Galbraith, straddle both the insitutionalist and Post Keynesian schools. The new left radicals emanated from Galbraith's Harvard University and are still around today. The heyday of the new right came during the administration of Ronald Reagan and was led by the neo-Austrians. Finally, the book concludes by analyzing the Post Keynesians' claim to be the legitimate heirs to Keynesianism. Thus far, they fall into the radical camp. This book is also available as a set with Volume I: The Foundation and Volume II: The Modern Superstructure.

About this title

Review

This new version of The Making of Economics is from one of the most thoughtful and literate scholars of our day. Reading it is a true pleasure, something not often offered by economic volumes. I urge the attention of all with an interest in this subject that so embraces our lives. --John Kenneth Galbraith, Harvard University

Canterbery's The Making of Economics is a major breakthrough in texts for History of Economics courses. It consistently views Economics as a developing discipline a discipline that is seeking new formulations and this is responsive to real world problems. It will help students understand both history and current problems and will prepare them for the future. It will not put blinders on their minds. --Hyman P Minsky, Washington University

Canterbery has been a productive and versatile economist, writing prolifically in a large number of fields. Whatever the subject and the audience, he writes clear and interesting prose. He is independent in his views, often heterodox but always worth considering. --James Tobin, Nobel Laureate in Economic Sciences, 1981

Edition details

• Publisher: World Scientific Publishing Company
• Publication date: 2010
• Language: English
• ISBN 10: 9812837728
• ISBN 13: 9789812837721
• Binding: Hardcover
• Edition number: 4
• Number of pages: 264