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A History of Economic Thought: The LSE Lectures [Paperback]

William J. Baumol , Lionel Robbins , Steven G. Medema , Warren J. Samuels
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Product details

  • Paperback: 393 pages
  • Publisher: Princeton University Press; New Ed edition (16 Oct 2000)
  • Language English
  • ISBN-10: 0691070148
  • ISBN-13: 978-0691070148
  • Product Dimensions: 23.3 x 15.5 x 2.6 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 324,150 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Review

Everything about this book breathes affection: Lionel Robbins's concern for his students down the decades, the editors' sensitive treatment of their subject, and Professor William Baumol's modest justification for his foreward: 'I was there!' -- Arthur Seldon, Times Literary Supplement

For anyone who has taught a course in the history of economic thought or who has more than a passing interest in the field, this book will be a delight. -- "Choice

As the 20th century draws to a close, the history of economic thought is beginning to look different, and the publication of Lionel Robbins's London School of Economics lectures on the subject will contribute to this process of rethinking. . . . A welcome relief from the ponderousness of many volumes on this subject. -- "Virginia Quarterly Review

The book . . . is filled with insights. . . . The editors, in order to retain to the fullest the inimitable flavor of Robbins' personality, have wisely not tidied up the text. . . . [They] deserve high praise for making these fine lectures available. -- "Mises Review

With a profound sense of humor and highly engaging anecdotes, this master teacher provided an unusual opportunity to discover not only the ideas but also the very different frames of reference that inspired the contributions of these great minds to our present understanding of economics. Essential reading. -- "Library Journal

These lectures reflect Robbins' two personae--the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational. -- Arthur Seldon, Times Literary Supplement

Robbins obviously loved the history of economic thought, but the passion that shows through on each page of this book is more than a passion for the history of economics. Robbins loved the discipline of economics itself, and the lectures reflect the gusto with which he had spent his life pursuing its mastery. -- Bradley W. Bateman, EH.NET

Product Description

Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published.

Lord Robbins (1898-1984) was a remarkably accomplished thinker, writer, and public figure. He made important contributions to economic theory, methodology, and policy analysis, directed the economic section of Winston Churchill's War Cabinet, and served as chairman of the Financial Times. As a historian of economic ideas, he ranks with Joseph Schumpeter and Jacob Viner as one of the foremost scholars of the century. These lectures, delivered at the London School of Economics between 1979 and 1981 and tape-recorded by Robbins's grandson, display his mastery of the intellectual history of economics, his infectious enthusiasm for the subject, and his eloquence and incisive wit. They cover a broad chronological range, beginning with Plato, Aristotle, and Aquinas, focusing extensively on Adam Smith, Thomas Malthus and the classicals, and finishing with a discussion of moderns and marginalists from Marx to Alfred Marshall. Robbins takes a varied and inclusive approach to intellectual history. As he says in his first lecture: "I shall go my own sweet way--sometimes talk about doctrine, sometimes talk about persons, sometimes talk about periods." The lectures are united by Robbins's conviction that it is impossible to understand adequately contemporary institutions and social sciences without understanding the ideas behind their development.

Authoritative yet accessible, combining the immediacy of the spoken word with Robbins's exceptional talent for clear, well-organized exposition, this volume will be welcomed by anyone interested in the intellectual origins of the modern world.


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IN GENERAL, I don't intend to begin lecturing until six past the hour. Read the first page
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Most Helpful Customer Reviews
5 of 10 people found the following review helpful
By A Customer
Format:Hardcover
The lectures of Lionel Robbins, as recorded by the authors, give keen insight into the development of economic thought from Plato to Fischer. It is an excellent primary on economics for the more casual student of the softer social sciences (history and political science, etc) as well as a solid introduction to the subject for students of economics.
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Amazon.com:  8 reviews
23 of 24 people found the following review helpful
Magisterial, fair, but not the best way 10 Aug 2001
By James R. Maclean - Published on Amazon.com
Format:Paperback
Make no mistake: Robbins knows his stuff, he's fair, correct, and surprisingly open-minded. However, this is a transcription of lectures, and the syntax is contorted. He interrupts the flow of every other sentence to insert some qualifier or oral footnote, and the effect can be maddening. This is too much to read for the depth of treatment you will actually get. If you do read it, you will get a pretty swell reading list, but the material is definitely weighted in favor of antiquarian literature and ancient disputes. I personally found it a pleasant read, because I like old books and economics, and I felt a certain affection for the grand old man, but unless you share these tastes, you're bound to be frustrated
18 of 18 people found the following review helpful
A quick walk through the history of Economics. 11 Mar 2004
By MrSherlockHolmes - Published on Amazon.com
Format:Paperback
This series of lectures sheds light on the major contributors to Economic thought since Plato and Aristotle. Since the book is made up of transcripts of his lectures, he doesn't manage to cover the figures or the ideas in depth. However he does manage to give some guidelines as to what you should read if you want to be well informed on the history of Economic thought.

I did not find the language in it frustrating, it just made the book seem like a personal lecture with Robbins (minus the questions) which added to my enjoyment. He stops at Fisher, so if you were hoping for ideas and icons after that, you will be disappointed.

The book is split into five sections. The first deals with those philosophers that preceded the formal study of economics; Plato, Aristotle, Aquinas etc... Very interesting stuff, especially if you aren't familiar with the relationship between the ancients and economics.

The second to the fourth sections deal with famous economists, from Adam Smith to Karl Marx. His treatment of Marx is brief so don't expect anything more than a few pages. While he goes into some length about Adam Smith and the other classical economists.

Finally he lectures on Jevons, Menger and others of the "Marginal Revolution", ending his series of lectures with Fisher.

A good read, I would recommend it to undergraduates in Economics or any one else who is interested in the history of economic ideas.

8 of 9 people found the following review helpful
Lectures 23 April 2002
By Merope - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
This is a collection of lectures given at the LSE. So DON'T think it is a history. Nevertheless, it is a comprehensive journey from aristotle's economica thru the modern era. Good as a reference. Not bad as a read -- but be aware you are reading a transcribed lecture and adjust your expectations accordingly.
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