Discover the captivating journey of the history of economic thought through the centuries with this comprehensive textbook. From the dawn of economic thought in ancient times to the emergence of modern economic theory in the twentieth century, this textbook reveals the evolution of ideas that have shaped our understanding of economics.

Ideal for advanced bachelor's and master's students in economics and related social sciences, this engaging resource illuminates the historical context of economic thought and its impact on real-world developments. It examines influential schools of economic thought, addresses major theoretical challenges, and highlights fundamental innovations that have shaped the development of the discipline.

The textbook explores a wide range of topics, including the economic philosophies of ancient civilizations and the Middle Ages, the influence of mercantilism and physiocracy, the profound contributions of Adam Smith, David Ricardo, and Karl Marx to classical political economy, the marginalist revolution and neoclassicism, German historical economics, the evolution of macroeconomics, the rise of Keynesianism, and the enduring relevance of institutional economics. This is a must-read for students and anyone curious about the history of economics and economic history.

Autorentext

Volker Caspari is Professor emeritus of Economics at Technical University Darmstadt (Germany) and currently holds the position of Goethe Teaching Professor of Economics at Goethe-University Frankfurt since 2019. Previously, he served as Theodor-Heuss Lecturer at the New School University in New York. With his extensive expertise, he actively contributes to the field as Member of the Verein für Socialpolitik (VfS) in Germany, where he chaired the committee for the History of Economics from 2014 to 2018. Additionally, he is Founding Member of the German Keynes Society. His research focuses on growth and long-run development, macroeconomics, and the history of economic thought.