This book examines how the Cambridge School economists, such as J. M. Keynes, constructed revolutionary theories and advocated drastic policies based on their ideals for social organizations and their personal characteristics. Although vast numbers of studies on Marshall, Keynes, and Marshallians have been published, there have been very few studies on the Keynesian Revolution or Keynes s relevance to the modern world from archival and intellectual viewpoints which focus on Keynes as a member of the Cambridge School. This book approaches Keynes from three directions: person, time, and...

Firms are a ubiquitous feature of the economic landscape, with much of the activity undertaken within an economy taking place within their boundaries. Given the size of the contribution made by firms to economic activity, employment and growth, having a theoretical understanding of the nature and structure of firms is crucial for understanding how an economy functions.

The Theory of the Firm firstly offers a brief overview of the past, consisting of a concise discussion of the classical view of production, followed by an outline of the development of the neoclassical...

This edited collection uses a history of economic thought perspective to explore the evolving role of Latin America within the context of globalization. In particular, it examines the region s resilience in the face of the global financial crisis."

Economic Development and Global Crisis" explains that Latin America is a region with distinct characteristics and peculiarities which have been shaped from the colonial era up to the present day. The contributions suggest that several features which were perceived as economic backwardness have turned out to be advantageous, and this may...

The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the...

The world has seen several financial and economic crises in the past few years. Psychological, ethical and philosophical levels of causal analysis have been discussed, and in this context, an interest in classical thinkers has emerged.

The work of Aristotle has influenced writers from Marx and Menger to Amartya Sen. This book introduces us to Aristotle s thought on 'the economic' and on its influences on economists. First, it focuses on Aristotles ideas, situating Aristotle in his historical context, describing his positions on the economic and analysing what kind of reality the...

The years in-between the two World Wars were a crucial period for the building of economic dynamics as an autonomous field. Different competing research programs arose at international level. Great progress was achieved by studies on the business cycle, with the first statistical applications. Outside the theory of the business cycle, a significant line of inquiry was that pursued at the end of the 1930s by Hicks and Samuelson. This period also saw the formulation of another approach to formal economic dynamics which in the 1930s represented the frontier of research from the analytical...