A History of Economic Theory Book Summary

In 'A History of Economic Theory', Jürg Niehans takes readers on a captivating journey through the evolution of economic thought. From ancient philosophies to contemporary paradigms, the book unravels how ideas have shaped economic practices across cultures and eras. With each chapter, Niehans reveals the intellectual battles and breakthroughs that have defined the discipline. Rich in historical context, this work challenges readers to consider the relevance of past theories in today's economy. Dive into this scholarly adventure and discover how the past continually influences our understanding of wealth and value.

By Jürg Niehans

Published: 1994

"Economic theories are not merely equations or algorithms; they are reflections of the human condition, capturing our hopes, fears, and aspirations in the pursuit of prosperity."

Book Review of A History of Economic Theory

This book offers a comprehensive account of the builders and building blocks of modern mainstream economics. Jrg Niehans shows how the analytical tools used by economists have evolved from the eighteenth century to the present, and he describes economic theory in the model-building era, from Pigou and Keynes to Rational Expectations.

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Economic theories are not merely equations or algorithms; they are reflections of the human condition, capturing our hopes, fears, and aspirations in the pursuit of prosperity.

A History of Economic Theory

By Jürg Niehans