The Evolution of Modern Economic Theory

And Other Papers on the History of Economic Thought

Carl Cone

• Publisher: Routledge
• Year: 2017
• eBook ISBN: 9781351483247
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

The long paper which gives the title to this collection and which has never before been published as paperback was initially an attempt to promote international academic understanding. The Economics Department at the London School of Economics had arranged a colloquy between two groups of Russian and British economists; and where the author asked to contribute a general survey of the present state of economic theory as taught in Western centers. For reasons, which are explained in the opening section, the author decided to adopt an historical approach; and the notes on which the present paper is based were the result.The remainders of the papers have as their common denominator a continuing interest in the history of economic thought. Beginning with a lengthy critique of Schumpeter's magisterial History of Economic Analysis, they range from an appraisal of Bentham's continuing relevance to a review of Robertson's Lectures on Economic Principles, with some special attention to John Stuart Mill both as a human being and as an economist. They have been written at various times in the last thirty-five years; and minute scrutiny, if such were thought to be worthwhile--which of course it is not--might detect some variations of emphasis, particularly perhaps in the implicit valuations of Marshall and his contribution, in the papers on Wicksteed and Schumpeter's History respectively. But in spite of a certain shift of perspective here, the author thought it worthwhile to attempt substantial redrafting.Apart from the correction of obvious inelegances or actual errors, the excision of some duplicating quotations and, in a few cases, the addition of supplementary material and references, the papers are reproduced as originally written. In each instance the author has given footnote acknowledgements of the place of original publication.

Table of contents

• Cover
• Half Title
• Title Page
• Copyright Page
• Table of Contents
• Preface
• Chapter 1. The Evolution of Modern Economic Theory
• Chapter 2. Schumpeter on the History of Economic Analysis
• Chapter 3. Bentham in the Twentieth Century
• Chapter 4. Malthus in Perspective
• Chapter 5. Torrens’s Letters on Commercial Policy
• Chapter 6. The Life of John Stuart Mill
• Chapter 7. Mill’s Essays on Economics and Society
• Chapter 8. Mill’s Principles of Political Economy
• Chapter 9. The Place of Jevons in the History of Economic Thought
• Chapter 10. Philip Wicksteed as an Economist
• Chapter 11. Wicksell’s Lectures on Political Economy
• Chapter 12. New Light on Knut Wicksell
• Chapter 13. A Biographical Note on Edwin Cannan
• Chapter 14. Montagu Norman: A ‘Monarch’ in the City
• Chapter 15. Harrod on Keynes
• Chapter 16. Robertson’s Lectures on Economic Principles
• Index of Proper Names