This book presents a clear and concise history of economic thought, distilling insights from the author's acclaimed work, The Wealth of Ideas. It explores the evolution of economic theories and concepts, highlighting key figures and their contributions to the field. The narrative emphasizes the development of ideas over time, making complex theories accessible to readers. Ideal for those seeking to understand the foundations and progression of economic thought, it serves as both an educational resource and a reference guide.
The book explores the financial crisis's evolution and its cultural roots within mainstream economics. It offers an alternative perspective through Keynesian uncertainty theory and Minsky's idea of financial fragility, shedding light on past events and informing future policy directions.
Exploring the connections between Sraffa and influential thinkers such as Gramsci, Keynes, and Wittgenstein, this book offers a comprehensive analysis of Sraffa's contributions to economic theory. It provides an authoritative interpretation of his seminal work, "Production of Commodities by Means of Commodities," highlighting its significance and impact on economic discourse. The study delves into the intellectual exchanges that shaped Sraffa's ideas and their relevance in contemporary economic thought.
Power is a multi-dimensional notion, involving politico-institutional, social,
economic and cultural elements, leading to a multi-dimensional set of
inequalities. Analysis of these elements is a prerequisite for devising
policies aiming to reducing social inequalities through a strategy of reforms
The field of economics has proliferated in complexity and importance since the Second World War. Alessandro Roncaglia recounts the history of the different approaches (marginalist, neoclassical, Keynesian, Austrian, monetarism, rational expectations, institutionalist, evolutionary, classical-Sraffian) and the different fields (micro, macro, money and finance, industrial and game theory, institutions, public finance, econometrics), illustrating the thought and personality of the most important contemporary economists (from Hayek to Sraffa, from Modigliani and Samuelson to Friedman, from Simon to Sen, and many others), focusing on the conceptual foundations of the different streams. At the same time he appraises critically the important debates and controversies in the field and concludes by discussing possible future directions for economic thought. This follow-up to The Wealth of Ideas: A History of Contemporary Economic Thought is a readable introduction to the contemporary economics discourse, accessible to economics students and informed general readers, and an important complement for advanced students and economists active in specialized fields.
