Description
Book Synopsis: Economics, as intellectual discourse, is not a settled body of principles; it is a heterogeneous discipline with numerous traditions, each based on a cluster of theories. Ekelund and Hébert, experienced researchers and educators, balance continuity and consensus in the evolution of economic theory with alternative points of view about the nature, scope, and method of economic inquiry. Their creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice.
Building on the solid foundation of previous editions, the fifth edition of A History of Economic Theory and Method presents an updated and expanded examination of the essential theoretical elements of an economy and the numerous institutions that affect market behavior, beginning with the ancient Greeks and ending with the late twentieth century. It features an in-depth interpretation of the transition from classical to neoclassical economic thought, exposes some of the dissident voices raised against classical economic orthodoxy, discusses game theory, takes a close look at the origins of traditional microeconomics, avoids highly technical or graphically complicated material, and examines the advantages and disadvantages of economics achieving a scientific status—applying mathematical and statistical techniques in economic inquiry.
Chapters contain boxed material that enrich touchstone ideas or mark procedural disagreements and alternative approaches to economics. Not-for-sale instructor resource material available to college and university faculty only; contact publisher directly.
Details
Are you tired of reading dry and dull economic textbooks? Look no further! Experience the excitement of exploring the history of economic theory with the fifth edition of A History of Economic Theory and Method. This book is not just a collection of facts and figures; it is a journey through the minds of the greatest economists who have shaped our understanding of the subject. Ekelund and Hébert's creative approach brings these theories to life, giving you a deep appreciation for the thought processes that have shaped contemporary economic thought and practice.
What sets this book apart from others is its comprehensive examination of the essential theoretical elements of an economy and the institutions that influence market behavior. Starting from the ancient Greeks and ending in the late twentieth century, you will gain a holistic understanding of the evolution of economic theory. Not only will you discover the transition from classical to neoclassical economic thought, but you will also encounter voices of dissidence that challenge conventional orthodoxy.
Forget about complicated graphs and technical jargon! A History of Economic Theory and Method takes a refreshingly approachable stance, making it ideal for students and enthusiasts alike. This book avoids overwhelming readers with complex equations and instead focuses on the practical applications of economic inquiry. You will explore game theory, delve into the origins of microeconomics, and learn how mathematical and statistical techniques have shaped economics as a scientific discipline.
If you are a faculty member at a college or university, we have exclusive not-for-sale instructor resource material available just for you. Get in touch with us directly to access this valuable resource.
Embark on this fascinating journey through the economic theories that have shaped our world. Expand your understanding of economics and gain valuable insights into contemporary economic thought and practice. Don't miss out on this opportunity to deepen your knowledge - get your hands on A History of Economic Theory and Method now!
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