Economics in Perspective: A Critical HistoryIn Economics in Perspective, renowned economist John Kenneth Galbraith presents a compelling and accessible history of economic ideas, from Aristotle through the twentieth century. Examining theories of the past that have a continuing modern resonance, he shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith's theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, Galbraith demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, Economics in Perspective shows how the field has evolved across the centuries. |
Contents
| 1 | |
| 10 | |
CHAPTER 3 The Enduring Interim | 23 |
CHAPTER 4 The Merchants and the State | 35 |
CHAPTER 5 The French Design | 51 |
CHAPTER 6 The New World of Adam Smith | 63 |
CHAPTER 7 Refinement Affirmationand the Seeds of Revolt | 80 |
Around the Margins | 98 |
Trade and Trusts Enriched and the Rich | 170 |
CHAPTER 14 Completion and Criticism | 195 |
CHAPTER 15 The Primal Force of the Great Depression | 211 |
CHAPTER 16 The Birth of the Welfare State | 229 |
CHAPTER 17 John Maynard Keynes | 241 |
CHAPTER 18 Affirmation by Mars | 259 |
CHAPTER 19 High Noon | 274 |
CHAPTER 20 Twilight and Evening Bell | 290 |