The Genesis of Macroeconomics: New Ideas from Sir William Petty to Henry Thornton
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About the Book
This is a book about the discovery of macroeconomic ideas and concepts long before the term macroeconomics had been coined. The cast of authors varies from doctors and physicians (Sir William Petty and François Quesnay), to philosophers (David Hume and Adam Smith), to bankers (Richard Cantillon and Henry Thornton) to Prime Ministers of France (John Law and Anne Robert Jacques Turgot). These authors had very rich and varied careers and the book invites readers to imagine specific moments in their careers that influenced both their lives and their writings. Building on these events the contributions of each author are outlined and discussed. Examination of their writings show that by the start of the nineteenth century they had left a rich legacy of macroeconomics ranging from the analysis and measurement of national income, the depiction of the circular flow of income, the debate on the role of money in the economy, the way to model the economy, the importance of labour, land and capital, the role of entrepreneurship, the Central Bank as a lender of last resort, and much more.
Book Details
ISBN-13: 9780199543236
EAN: 9780199543236
Publisher Date: 16 Feb 2009
Binding: Paperback
Continuations: English
Height: 229 mm
Is LeadingArticle: Y
LCCN: 2009275110
No of Pages: 234
PrintOnDemand: N
Spine Width: 15 mm
Width: 152 mm
ISBN-10: 0199543232
Publisher: Oxford Univ Pr
Acedemic Level: English
Book Type: English
Depth: 19
Illustration: Y
Language: English
MediaMail: Y
Number of Items: 01
Series Title: English
Sub Title: New Ideas from Sir William Petty to Henry Thornton