Economic Theory in Retrospect 5th Edition

by Mark Blaug (Author)

9 customer reviews

ISBN-13: 978-0521577014

ISBN-10: 0521577012

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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. 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. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.

Economic Theory in Retrospect

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Editorial Reviews

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"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.

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 1.7 x 9 inches
Shipping Weight: 3.2 pounds (View shipping rates and policies)
Average Customer Review: 9 customer reviews
Amazon Best Sellers Rank: #534,131 in Books (See Top 100 in Books)
- #244 in Books > Textbooks > Business & Finance > Economics > Economic Theory
- #973 in Books > Business & Money > Economics > Theory
- #1524 in Books > Business & Money > Biography & History > Economic History

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Top customer reviews

Thorough and useful book.

ByThomason January 28, 2017

Format: PaperbackVerified Purchase

A useful classic. One of the best economic thought books written.

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Excellent

ByCornelius Schroeteron June 30, 2014

Format: HardcoverVerified Purchase

I have only skimmed this book, reading some of the articles, but it's my impression that it's one of the finest introductions to economic theory from the pre-adamites to Keynes - I recommend this excellent book!

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Three Stars

ByChelsea Elizabethon August 12, 2016

Format: PaperbackVerified Purchase

had to buy this for a college class.

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Good synopsis but poor analysis

ByJorge Fernandez Bacaon 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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Incredible depth, a true treasure for economic students

ByRobert KirkVINE VOICEon 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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Good synopsis but poor analysis

ByJorge Fernandez Bacaon November 28, 2002

Format: Paperback

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Still the best of its type

ByA customeron 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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good for econ dudes

ByAtlantian 744on August 29, 2001

Format: Paperback

as an econ major i found this book highly informative and interesting. however, if you are not mathematically inclined you might find some of the models and graphs difficult to follow, especially the ones involving differential equations.
but if you are an econ dude, this book is great. lots of insight about how commonly used theories and models came about. well written for the most part, but somewhat wordy at times.

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Most recent customer reviews

Too much lopsided for my taste.

The problem with this book is that it offers an astounding bibliography, being therefore a mandatory list to further readings, but unfortunately it is entirely teleological, as...Read more

Published on January 14, 2001 by C. E. R. Mendonça

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