History of Economic Thought

This work integrates the history of economic thought into the overall historical context from which it emerged. It argues that the emergence of new theories was always the result of heated debates on practical, political, social and moral issues.

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This definitive critical study integrates evolving economic thought into the overall historical context from which it emerged. Specifically, it shows how the appearance of new theories was virtually always the result of heated debates on practical, political, social, and moral issues. The book includes an insightful discussion of differences among contemporary economic theories. In addition, updates and refinements have been made throughout to reflect the latest developments in the discipline.