Origins and Evolution of Modern Economic Thought

Author: (USA) Daniel R. Fosfeld
Publisher:
Publish Date: 2003-04-01
Features: This book provides a detailed account of the development of modern economics and discusses important economic ideas and key concepts of economic principles, which will be presented in greater detail in economics textbooks. Crucially, this book reflects the relevant ideas of the major debates surrounding the world we live in, and these debates will continue to challenge thinkers. The book currently presented to the readers, A History of Modern Economic Thought: Origins and Evolution, is already in its ninth edition. Through the introduction of major schools of thought and their key representatives, author Daniel R. Fosfeld narrates the development of modern economics. It can serve as both a primary textbook and a supplementary reading for advanced courses. At the same time, due to its conciseness, it is suitable for use by economists as well as scholars from other non-economics fields. The book emphasizes the relevance of fundamental economic ideas to contemporary issues, while also highlighting the impact of changes in social practice, thought, and economic institutions on the interrelationship between economic theory and policy. The ninth edition of the book is presented to readers with a completely new design, not only revising and redesigning the recommended reading section but also adding a new Chapter 15, "The New Economy." In the "The New Economy" chapter, issues of technology, free trade, and globalization are discussed, guiding readers into the new horizons of 21st-century economics. "Professor Fosfeld's work is undoubtedly one of the best in the field of economics." — Nancy E. Ber tokse, Sedul University "This is a good book that provides rich material. Especially, it offers guiding insights on topics and debates, facilitating lively classroom discussions." — Andrew Stern, California State University