Learn more Download now Browse your favorite restaurants Shop now Shop now Shop now Shop now Shop now Learn more Shop now Shop now Learn more Learn more Shop Kindle Learn More Shop now Shop now Learn more

Customer reviews

5.0 out of 5 stars

on 29 July 2012
Lawrence White, George Mason University, provides an excellent tour of the economic ideas that have been debated over the last century. By looking at economic ideas against the background of some of the major historic economic events that have taken place in that time he brings the heated debates amongst the protagonists vividly to life. Emphasis is placed on providing a wide analysis of the key themes arising from the different schools of economic thought, Socialist Planning, Austrian, Institutionalist, Keynesian, Monetarist, New Classical, New Keynesian, Public Choice, and the political context against which those lines of thought were contested. There are good sketches of the backgrounds of those eminent economists that have been at the forefront of economic thought(Pigou, Keynes, Hayek, etc) as well as economists from earlier generations (Smith, Malthus, Ricardo, J.S. Mill, Marx, etc) that have laid the foundations for that thought. The big themes of the role of governments, markets, externalities, development economics, international trade, currency stability, budget deficits are well tackled and analysed not only within the context of for example the current sovereign debt/financial crisis and past twentieth century events such as the great depression, but also are related to earlier financial crises in the nineteenth century and the discussions that then arose. For those that like economics this is a very good read, can be warmly recommended and should promote further debate.
|0Comment|Report abuse
on 1 June 2014
Excellent.Shows how true Keynes'was in saying even the most practical businessman was a slave to some often dead economists'ideas.
The intellectual validity(?!)behind economic policy.
|0Comment|Report abuse

Need customer service? Click here