The History of Economic Thought

A new edition of this work which looks at the history of economic thought. The chapters dealing with the ideas and writers of the first 200 years have been revised, while the later sections dealing with the last 50 years or so have been expanded and updated in the light of current developments. This book - now in its fifth edition - contains thoroughly revised chapters dealing with the ideas and writers of the first 200 years of the subject, and has incorporated any significant new material. The later sections dealing with the last 50 years or so have been much expanded and updated in the light of current developments relating particularly to controversies on economic policy. Most recent developments, such as the "new classical macroeconomics", including the theory of rational expectations, have also been taken into account.