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History of Economic Thought: A Critical Perspective, by E. K. Hunt
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This definitive critical study integrates evolving economic thought into the overall historical context from which it emerged. Specifically, it shows how the appearance of new theories was virtually always the result of heated debates on practical, political, social, and moral issues. The book includes an insightful discussion of differences among contemporary economic theories. In addition, updates and refinements have been made throughout to reflect the latest developments in the discipline.
- Sales Rank: #1262663 in Books
- Brand: Brand: M E Sharpe Inc
- Published on: 2002-09-11
- Original language: English
- Number of items: 1
- Dimensions: 1.04" h x 6.94" w x 10.08" l, 2.19 pounds
- Binding: Paperback
- 608 pages
- Used Book in Good Condition
Most helpful customer reviews
45 of 56 people found the following review helpful.
The Truth is out about Neoclassical Economics, its bunk.
By Justin A. Elardo
E.K. Hunt's book provided an excellent as well as indepth portrayal of the development of economic thought. The book explains in throrough detail the various points of origin for economic theory and the two roads that have been taken most prevalently since the time of Adam Smith. The strength of the book lies in its analysis of modern mainstream theory and the documentation of its shortcomings. E.K. Hunt exposes the weaknesses of mainstream economics while at the same time offering an explanation for its continued study in the face of its theoretical inaccuracies. Mainstream economics carries on because it is on ideological friendly terms with the existing economic system. Regardless of the flaws in mainstream theory, and in capitalism in general, the continued reproduction of the economic system relies on the ability of those "scientists," whose responsibility it is to study the system, to provide a theoretical framework consistent with the reigning system. Without a scientific basis for its defense, the economic system and the economic elites benefitting from the system would have a hard time defending the results of a much less than perfect market economy. In the future I suggest reviewers of this book take the time to closely analyze the functioning of the capitalist economy before writing a review based solely on a seminar class. However, for many I suppose ignorance is bliss. Thank goodness E.K. Hunt doesn't view the world from the perspective of one's head in sand.
18 of 23 people found the following review helpful.
Debriefing economic theories
By John C. Landon
Histories of economics are generally crippled by one or another ideological vice, or else misunderstandings of the development of theory, almost an arcane pursuit. This comprehensive history of economic thought gives a critical look at the mainline, the development from Smith to the the marginalists, with everything else draped around that, and the result is refreshingly clear, though charges of bias are inevitable. One problem is that economic theory is beset with cleverly complicated fictions, and those who believe them become confused experts. The slightly distanced perspective here is usefully insightful, taken as a broad canvas.
7 of 9 people found the following review helpful.
Venom implies significance.
By P.J. Proudhon
I have to say that the venom flowing about this book should be a clear indicator that it is viewed as somewhat threatening to some. That reality means that you should absolutely own it and read it carefully.
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