Full Description
This book, set out over four-volumes, provides a comprehensive history of economic thought in the 20th century. Special attention is given to the cultural and historical background behind the development of economic theories, the leading or the peripheral research communities and their interactions, and a critical appreciation and assessment of economic theories throughout these times.
Volume III addresses economic theory in the period of the new golden age of capitalism, between the years from the end of the Second World War to the mid1970s, which saw the establishment of the new mainstream, in particular in its Harvard-MIT-Cowles version. It was the period of the pre-eminence of the Neoclassical Keynesian Synthesis—the theoretical core of the period's dominant school of thought.
This work provides a significant and original contribution to the history of economic thought and gives insight to the thinking of some of themajor international figures in economics. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.
Contents
Chapter 1: Introduction.- Chapter 2: Economics at Harvard and MIT.- Chapter 3: Economics at the Cowles Commission in Chicago and Yale.- Chapter 4: Economics at the Graduate School of Industrial Administration (GSIA) in Pittsburgh.- Chapter 5: The development of the theory of games at Princeton and the Rand Corporation.- Chapter 6: Economics in Chicago and the New Chicago School.- Chapter 7: Economics in Cambridge, UK, after Keynes.- Chapter 8: Non-Mainstream Economics in the USA.- Chapter 9: Great Theoretical Controversies.- Chapter 8: The Crisis of Keynesianism and the Emergent Dominance of the Chicago School and Neoliberalism à la Chicago.
