This book focuses on the interaction between practising economists and previous generations of economists. Because economic problems, such as crashes, tend to recur and are only partially understood, it may be profitable read the work of previous generations in a collaborative spirit. Sometimes this can offer a different perspective on current preoccupations and cause us to reconsider the scope of our much criticised subject. The book gathers together earlier work by the author which appeared in various academic books and journals with the addition of six new chapters.
The collection makes for a lively, informative and thought-provoking collection. It will interest anyone with an interest in the history of economics and of economic thought.
Table of Contents
Preface Introduction 1. Generations of Economists and the Economics of Generations Part One: Pigou and Cambridge 2. Pigou’s Place in the History of Economics 3. Pigou and Modern Business Cycle Theory 4. Pigou on Expectations and the Cycle 5. Cambridge After Marshall 6. The Cambridge Economics Tripos 1957-60: A Memoir. Part Two: Classical Utilitarianism and Welfare 7. Utility and Utilitarianism: Ancient and Modern 8. Research on Well-Being: Some Advice from Jeremy Bentham 9. Malthus, Population and the Generational Bargain Part Three: General Equilibrium 10. General Equilibrium: The Founding Fathers 11. Leon Walras and the Cambridge Caricature 12. Walras, Patinkin and the Money Tatonnement (1966) 13. Edgeworth’s Propositions on Altruism (1975) 14. The Production of Commodities (1963) 15. High Hicks, Deep Hicks and Equilibrium (1993) Part Four: Neglect 16. Neglect: A Note 17. Tozer: A Mathematical Investigation (1968) 18. Alfred Russel Wallace and the Political Economists (2009) Part Five: Inter-generational Economists 19. Pigon and Future Generations: A Cambridge Tradition (1996) 20. Ramsey, Saving and the Generations 21. Co-operation between Overlapping Generations
David Collard is Emeritus Professor of Economics at the University of Bath.