A History of Economics: The Past as the Present

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H. Hamilton, 1987 - Business & Economics - 324 pages
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Review: A History of Economics: The Past as the Present

User Review  - Robharries - Goodreads

Missing a few things, like a mention of Ricardo's comparative advantage, but a very readable introductory book for the economically interested lay person or the politically/historically interested economics professional. Read full review

Review: A History of Economics: The Past as the Present

User Review  - John - Goodreads

A truly excellent history of the dismal science, written beautifully, if not gorgeously. There is a real dry wit to this book. A sweeping history that makes the key point the economics is a product of ... Read full review

Contents

A Look at the Landscape
1
After Adam
9
The Enduring Interim
20
Copyright

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About the author (1987)

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

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