The themes of Stark's work are extraordinarily contemporary. He discusses economic historiography and the rational reconstruction method, issues that continue to be debated today. History and Historians of Political Economy is divided into two parts. The first section explains the beginnings of the history of economic thought as well as the theoretical and historical approaches towards the subject. The second section examines the relationship between phenomena and the explanation of phenomena theory. Stark illuminates the insights and limitations of the various approaches of study to the history of economic thought by analyzing the works of Eugen DÃ¼hring, Wilhelm Roscher, Karl Marx, Joseph Schumpeter, and many other prominent scholars.
History and Historians of Political Economy is of significant value to the studies of economics and sociology. Stark's book raises a number of critical questions: How should past theories be understood and explained? What is the relationship between ideas and events? Do economic theories reflect universal truths or relative ones? These issues are as unsettled today as when originally presented. History and Historians of Political Economy is an essential addition to the libraries of economists, political theorists, sociologists, and historians of ideas.
In addition to the major themes of Schumpeter's life: the place of the entrepreneur in economic development, the risks and rewards of innovation, business cycles and why they occur, and the evolution of capitalism in Europe and America, the "Essays "contain statements on how Schumpeter viewed his own development; they discuss how he looked at Marxism, and how he feared that economics was in danger of becoming too ideological.
Several of the "Essays "are classics. This is the case for "The Creative Response in Economic History" in which Schumpeter makes a plea for the close cooperation between economic theory and economic history. Another is "Science and Ideology," which constitutes Schumpeter's presidential address before the American Economic Association. Finally, there is the intriguing preface to the Japanese translation of "Theory of Economic Development, "in which Schumpeter names Walras and Marx as his two great predecessors.
Even those who treasure the original publication were irritated by the remarkably poor quality of much of the book, which reproduced everything from typewriter script to nearly unreadable, reduced double columns. These lapses have been corrected in this new edition. Here Schumpeter's "Essays "can finally be read with the enjoyment, no lesS than enlightenment, they deserve. The volume is alive to the basic issues of our time. The reader can look forward to intellectual insight and stimuli of the highest order.
The Crisis of Keynesian Economicshas the potential to throw fresh light on some of the issues facing political leaders today, particularly so given that much of the Neo-Capitalist economic orthodoxy established during the 1980s has come under fresh criticism in recent years.
Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today—and we can always learn from their mistakes.
In his stimulating analysis Professor Barber assesses the thought of a number of important economists both in terms of the issues of their day and in relation to modern economic thought. By concentrating on the greatest exponents he highlights the central properties of the four main schools of economic thought – classical, Marxian, neo-classical, and Keynesian – and shows that although each of these traditions is rooted in a different stage of economic development, they can all provide insights into the recurring problems of modern economics.