TAILIEUCHUNG - History of Economic Analysis part 50

History of Economic Analysis part 50. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 452 flag of Ricardianism flying when practically all other economists had deserted it and this is something. Finally he wrote the textbook that was the most successful general treatise England produced in the first four decades of the nineteenth century and this all the shortcomings notwithstanding is not negligible either 12 the book was more directly influential with the public than was Ricardo s and really created what we might call lower-level Ricardianism. De Quincey of Opium Eater fame is a different case. His delight in refined logic makes him the very antipode of the rough and ready McCulloch. But he touched economics peripherically only. And his contribution though interesting was None of the three added anything substantial and the touches they did and 1895 respectively by Professor . They are one of the most important sources for the study of that time s methods of theoretical reasoning. 12 Speaking of texts we should not pass by Mrs. Jane Marcet s Conversations on Political Economy 1816 which enjoyed a great success 7th ed. 1839 . James Mill s was an elementary but not an easy text on pure theory. McCulloch s was the saleable stuff for the college course in general economics. Mrs. Marcet s was economics for what we should call high-school girls. The reader should really look at it and note two interesting points about it. The first is the date the book appeared before Ricardo s Principles and though not orthodox Ricardianism in every particular and though lacking Ricardian rigor yet presents many of the most important tenets of the Ricardian school. This is significant and greatly enhances the interest of the performance at which it is quite out of place to sneer. Second if nevertheless so many later economists did sneer at it this was due not only to male prejudice but also to the nature of the publication not for a moment did Mrs. Marcet doubt not only that the definitive truth about economics and .

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