Eloquently written and scientifically rigorous, this properly documented 2005 guide traces the historical past of financial thought from antiquity to the current day. It focuses on completely different views of the economic system and society and on their evolution over time, and critically evaluates the scarcity-utility method compared with the Classical/Keynesian method.
The Wealth of Ideas, first revealed in 2005, traces the historical past of financial thought, from its prehistory (the Bible, Classical antiquity) to the current day. In this eloquently written, scientifically rigorous and properly documented guide, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with chapters on different essential figures and on debates of the interval. Economic thought is seen as creating between two reverse poles: a subjective one, based mostly on the concepts of shortage and utility, and an goal one based mostly on the notions of bodily prices and surplus. Professor Roncaglia focuses on the completely different views of the economic system and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility method compared with the Classical/Keynesian method.