This is a history of economic thought from Adam Smith to John Maynard Keynes--but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.
'... this last edition of his magnum opus - witty, serious; iconoclastic, devout; in its core unchanged, full of new insights, is the best yet. I cannot imagine a scholar's library - or for that matter a student's - without it.' Robert Heilbroner 'Economic Theory in Retrospect has, for over three decades, stood out among the essential secondary literature for its thoroughness and depth, scope and scholarship. It is most reassuring, therefore that Blaug's great work will be continuing in a new edition, as a mainstay of serious courses in the history of economics, well into the next century and next millennium.' Terence Hutchison