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Economic Theory in Retrospect 5th Edition

7 customer reviews
ISBN-13: 978-0521577014
ISBN-10: 0521577012
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Editorial Reviews

Review

"It is said there is only one Mark Blaug, the doyen of the history of economic thought. There are, in fact, five, each more remarkable than his predecessor. This last edition of his magnum opus-witty, serious; iconoclastic, devout; in its core unchanged, full of new insights-is the best yet. I cannot imagine a scholar's library-or for that matter a student's-without it." Robert Heilbroner

Book Description

This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.

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Product Details

  • Paperback: 752 pages
  • Publisher: Cambridge University Press; 5 edition (March 28, 1997)
  • Language: English
  • ISBN-10: 0521577012
  • ISBN-13: 978-0521577014
  • Product Dimensions: 6 x 1.5 x 9 inches
  • Shipping Weight: 3.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #968,584 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful By A Customer on August 16, 2000
Format: Paperback
The standard text for anyone who wishes to analyse economic theory. Blaug takes the approach that an economic theory can be criticised on two levels. It may have a mismatch with the environment and or it may be internally flawed as a theory. By concentrating on theory Blaug helps the reader acquire their own critical faculties for assessing economic theories without getting bogged down on endless details associated with, "but things were different then," or with defendants of marxist economic theory, "but things would be different."
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27 of 32 people found the following review helpful By Jorge Fernandez Baca on November 28, 2002
Format: Paperback
I have always felt uneasy with this book since I was an under graduated student, 30 years ago. This is undoubtedly a quiet useful book for anyone who needs a bird's-eye view of the classics in economics. If you don't have time to read Smith's Wealth of Nations or Marshall's Principles, here you have the book you need. However, it is not here that you can look for a good analysis of the meaning and implications of the main schools of economic thought, as well as the relevance of the work of its most distinguished authors and their social and intellectual environment. That is reason why I always preferred Schumpeter's History of Economic Analysis. Today, that I am lecturing this course my dissatisfaction has increased, among other reasons because you have more and better textbooks, such as Lionel Robbins' History of Economic Thought, Mark Skoussen's Making of Modern Economics, or Jürg Niehams' History of Economic Theory, which I really enjoyed reading because they try to make a portrayal of the intellectual and human stature of the most important economists of all times and their background.
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11 of 14 people found the following review helpful By Jorge Fernandez Baca on November 28, 2002
Format: Paperback
I have always felt uneasy with this book since I was an under graduated student, 30 years ago. This is undoubtedly a quiet useful book for anyone who needs a bird's-eye view of the classics in economics. If you don't have time to read Smith's Wealth of Nations or Marshall's Principles, here you have the book you need. However, it is not here that you can look for a good analysis of the meaning and implications of the main schools of economic thought, as well as the relevance of the work of its most distinguished authors and their social and intellectual environment. That is reason why I always preferred Schumpeter's History of Economic Analysis. Today, that I am lecturing this course my dissatisfaction has increased, among other reasons because you have more and better textbooks, such as Lionel Robbins' History of Economic Thought, Mark Skoussen's Making of Modern Economics, or Jürg Niehams' History of Economic Theory, which I really enjoyed reading because they try to make a portrayal of the intellectual and human stature of the most important economists of all times and their background.
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3 of 3 people found the following review helpful By Robert Kirk VINE VOICE on October 14, 2011
Format: Paperback
Seriously this is one of the best books I've read in years. A great historical account of the field of economics. After finishing this book, I have a much better appreciation for economic history and it's main intellectual contributors. The suggestions for further reading after each chapter is complete gold and I plan on tackling many of those books. As I reading through the book, I become simply amazed at the depth of the writer's knowledge. In summary, if you are hard core fan of economics I believe you will simply love and cherish this book.
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Economic Theory in Retrospect
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