Four Central Theories of the Market Economy: Conception, evolution and application, 1st Edition (e-Book) book cover

Four Central Theories of the Market Economy

Conception, evolution and application, 1st Edition

By Farhad Rassekh

Routledge

198 pages | 2 B/W Illus.

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Description

This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications.

Four Central Theories of the Market Economy traces the root of the theories, their conception and articulation, as well as their evolutions to the present time. It focuses on the four theories that are generally recognized as fundamental to the discipline of economics: the invisible hand, comparative advantage, the law of markets, and the quantity theory of money. These theories have profoundly influenced the world.  Chapters explore their rich intellectual history from classical Greece to today, drawing on the original works of the great economic minds of the classical era and other thinkers who prepared the path for them, as well as those who refined their works or challenged them. This volume will leave the reader with a deep understanding of these pillars of the market economic system in the context of their historical development.

This book will be of great interest to all scholars and students of economics who are interested in the intellectual history of their discipline as well as scholars and students of intellectual history who are interested in economics.

Table of Contents

Acknowledgments

Introduction

Chapter 1: The Invisible-Hand Proposition

Chapter 2: The Theory of Comparative Advantage

Chapter 3: The Law of Markets

Chapter 4: The Quantity Theory of Money

About the Author

Farhad Rassekh is a Professor of Economics at the University of Hartford, USA.

About the Series

Routledge Studies in the History of Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUS044000
BUSINESS & ECONOMICS / Economics / Microeconomics
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069010
BUSINESS & ECONOMICS / Economics / Comparative
BUS069030
BUSINESS & ECONOMICS / Economics / Theory