Brief History of Economic Thought

Edited by Hassan Bougrine, Full Professor, Laurentian University, Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Editor-in-Chief, Challenge, Founding Editor Emeritus, Review of Keynesian Economics and Director, Monetary Policy Institute

• Contents: Introduction to A Brief History of Economic Thought 1 Hassan Bougrine and Louis-Philippe RochonPART I THE HISTORY OF ECONOMICS BEFORE KEYNES 1 The Mercantilists and Physiocrats 4Hassan Bougrine 2 The Classical School 14Suranjana Nabar-Bhaduri and Matías Vernengo 3 Karl Marx and the Marxist School 35Scott Carter 4 The Neoclassical School 54Hassan Bougrine PART II KEYNES AND HIS CONTEMPORARIES 5 John Maynard Keynes 74Amitava Dutt 6 Michał Kalecki 94Malcolm Sawyer 7 Thorstein Bunde Veblen 112Guglielmo Forges Davanzati 8 Joseph Alois Schumpeter 125Nicola De Liso 9 Karl Polanyi: The Place of the Economy in Society 148Claus ThomasbergerPART III THE HISTORY OF ECONOMICS AFTER KEYNES10 The Keynesian School and the Neoclassical Synthesis 173John E. King11 Milton Friedman and the Monetarist School 193Sergio Rossi12 The Rational Expectations School 211William McColloch and Matías Vernengo13 The New Keynesian School 228Steven Pressman14 The Post-Keynesian School 246Louis-Philippe RochonAuthor index 273Subject index 278

‘Rochon’s claim for post-Keynesian economics provides a fitting finish to the volume with its clear heterodox orientation. Bougrine and Rochon have succeeded in providing an excellent introduction to the development of economic discourse for those seeking a different perspective than the traditional linear explanation of the development of modern orthodox economics.’