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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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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.
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