| Description |
1 online resource (xvii, 423 pages) : illustrations |
| Contents |
Intro -- Acknowledgements -- Contents -- List of Figures -- 1 Introduction -- 1.1 The Historical Scenario: A New Golden Age of Capitalism and Its Crisis in the Mid-1970s -- 1.1.1 Postwar Reconstruction and the Heyday of the Bretton Woods System, 1946-1958 -- 1.1.2 The 1960s: A Decade of Growth and Looming Increasing Tensions in the International Monetary System -- 1.1.3 The Collapse of the Bretton Woods System and the Oil Crises: The End of an Era of Prosperity |
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1.2 Economic Theory from the Postwar II Period to the Mid-Seventies: The Establishment of the American Mainstream and the Marginality of Non-Mainstream Economics -- 1.3 The Map of Economic Theory in the American Age -- References -- Part I Mainstream Economics in the American Centers -- 2 Economics at Harvard and MIT -- 2.1 Prologue -- 2.2 Paul Anthony Samuelson (1915-2009) -- 2.2.1 Biographical Note -- 2.2.2 Samuelson's Economics: The Foundations of Economic Analysis, 1947 -- 2.3 Franco Modigliani (1918-2003) -- 2.3.1 Biographical Note |
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2.3.2 Modigliani's Keynesian Economics: "Liquidity Preference and the Theory of Interest and Money", 1944, and "The Theory of Saving: The Life-Cycle Hypothesis", 1963 -- 2.4 Robert Merton Solow (1924-2023) -- 2.4.1 Biographical Note -- 2.4.2 Solow's Economics of Growth, 1956-1957: "A Contribution to the Theory of Economic Growth", 1956, and "Technical Change and the Aggregate Production Function", 1957 -- 2.5 Samuelson, Solow and the Phillips Curve -- References -- 3 Economics at the Cowles Commission in Chicago and Yale |
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3.1 Prologue. Reorienting the Cowles Research Program Under Marschak and Koopmans -- 3.2 Tjalling Charles Koopmans (1910-1985) -- 3.2.1 Biographical Note -- 3.2.2 Koopmans's Economics: Econometric Contributions and Activity Analysis -- 3.2.3 Koopmans's Economics: Three Essays on the State of Economic Science, 1957 -- 3.3 Keynesian Economics at Cowles: Lawrence Klein, Don Patinkin and James Tobin -- 3.3.1 Prologue -- 3.3.2 Lawrence R. Klein (1920-2013) -- 3.3.3 Don Patinkin (1922-1995) -- 3.3.4 James Tobin (1918-2002) |
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3.4 Neo-Walrasian Economics and Social Choice Theory: Gérard Debreu and Kenneth Arrow -- 3.4.1 Prologue -- 3.4.2 Biographical Notes: Gérard Debreu (1921-2004) and Kenneth Arrow (1921-2017) -- 3.4.3 Arrow's and Debreu's Neo-Walrasian Economics -- 3.4.4 Arrow's Economics: Social Choice and Individual Values, 1951 -- 3.4.5 The Development of Social Choice Theory After Arrow: The Contribution of Amartya Kumar Sen -- References -- 4 Economics at the Graduate School of Industrial Administration (GSIA) in Pittsburgh -- 4.1 Prologue: The Foundation of GSIA -- 4.2 Herbert A. Simon (1916-2001) -- 4.2.1 Biographical Note |
| Summary |
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 Synthesisthe theoretical core of the periods 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 the major 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. Roberto Marchionatti is Professor Emeritus of Economics at the University of Torino, Fellow of the Accademia delle Scienze di Torino, and a Life Member of Clare Hall College, Cambridge. He has previously been a Visiting Scholar at the University of New York and the University of Cambridge. He is the editor of Annals of Fondazione Luigi Einaudi: An Interdisciplinary Journal of Economics, History and Political Science and he has been co-editor of History of Economic Ideas. He has published almost 50 journal articles and more than 15 books as well as a great number of contributions in edited volumes |
| Notes |
Description based upon print version of record |
| Subject |
Economic history -- 20th century.
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| Form |
Electronic book
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| ISBN |
3031502221 |
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9783031502224 |
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