history of economic thought

Topics: Economics, Adam Smith, Capitalism Pages: 47 (15990 words) Published: November 22, 2013
1 Ancient Economic Thought
1.1 Aristotle
2 Economic Thought in the Middle Ages
2.1 Thomas Aquinas
2.2 Duns Scotus
2.3 Ibn Khaldun
2.4 Nicole Oresme
3 Mercantilism, Nationalism, and International Trade
3.1 Sir Thomas More
3.2 Jean Bodin
3.3 Edward Misselden and Gerard Malynes
3.4 Thomas Mun
3.5 Sir William Petty
3.6 Philipp von Hörnigk
3.7 Jean-Baptiste Colbert and Pierre Le Pesant, Sieur de Boisguilbert 3.8 Charles Davenant
3.9 Sir James Steuart
4 The British Enlightenment
4.1 John Locke
4.2 Dudley North
4.3 David Hume
4.4 Francis Hutcheson
5 The Physiocrats and the Circular Flow
6 Adam Smith and The Wealth of Nations
6.1 Adam Smith's invisible hand
6.2 Limitations
6.3 William Pitt the Younger
6.4 Edmund Burke
7 Classical Political Economy
7.1 Jeremy Bentham
7.2 Henry Thornton
7.3 Jean-Baptiste Say
7.4 Thomas Malthus and William Godwin
7.5 Jean Charles Léonard de Sismondi
7.6 Robert Owen
7.7 David Ricardo
7.8 Alexander Hamilton, Henry Clay, and the American System
7.9 Johann Heinrich von Thünen
7.10 Friedrich List and the National System
7.11 Wilhelm Roscher and the German Historical School of Economics 7.12 Pierre-Joseph Proudhon
7.13 John Stuart Mill
7.14 Frederic Bastiat
8 Capitalism, Communism, and Karl Marx
8.1 Friedrich Engels
8.2 Das Kapital
8.3 Marx Disciples
9 Economic (Business) Cycle Theory
10 Neoclassical Economic Thought
10.1 Marginal Utility
10.2 Mathematical Economics
10.3 Georg Friedrich Knapp and Chartalism
11 Austrian School of Economics
11.1 Joseph Alois Schumpeter
11.2 Ludwig von Mises
11.3 Friedrich Hayek
11.4 Murray Rothbard
12 World War I and the Great Depression: Consequences to Economic Thought 13 John Maynard Keynes
13.1 The General Theory
13.2 Keynesian Economics
14 Market Socialism
15 The Stockholm School of Economics
16 Econometrics
17 The American Way
18 Institutional Economics
19 The Great Depression
20 Value Investing
21 Game Theory
22 John Kenneth Galbraith
23 Paul Samuelson
24 Kenneth Arrow
25 The Chicago School of Economics
25.1 Ronald Coase
25.2 Gary Becker and Jacob Mincer
25.3 Milton Friedman
26 Globalalization Era
26.1 James E. Meade
26.2 Sir Arthur Lewis
26.3 Simon Kuznets
26.4 Amartya Sen
26.5 Information Economics, George Akerlof and Joseph E. Stiglitz 26.6 Paul Krugman
27 Contemporary Economic Thought
27.1 Macroeconomics Since the Bretton Woods Era
The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times, scholars such as Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price. Since medieval times, economics was developed almost exclusively in the West until the 20th century. Scottish philosopher Adam Smith is often cited as "the Father of Modern Economics" for his treatise The Wealth of Nations (1776).His ideas built upon a considerable body of work from predecessors in the eighteenth century particularly the Physiocrats. His book appeared on the eve of the Industrial Revolution with associated major changes in the economy.[3] Smith's successors included such classical economists as Thomas Malthus, Jean-Baptiste Say, David Ricardo, and John Stuart Mill. They examined ways the landed, capitalist, and laboring classes produced and distributed national output and modeled the effects of population and international trade. In London, Karl Marx castigated the capitalist system, which he described as exploitative and alienating. From about 1870, neoclassical economics attempted to erect a positive, mathematical, and scientifically grounded field above normative...
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