Alex M.  Thomas Author of Evaluating Organization Development
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Alex M. Thomas


Alex M. Thomas teaches economics at Azim Premji University, Bengaluru, India. His primary research area is the history of economic thought, with a special focus on classical economics. He has published his research in key journals such as the European Journal of the History of Economic Thought, History of Economic Ideas, and Journal of Interdisciplinary Economics.

Areas of Research / Professional Expertise

    History of Economic Thought

Websites

Books

Featured Title
 Featured Title - Pluralistic Economics and Its History -- Sinha and Thomas - 1st Edition book cover

Articles

European Journal of the History of Economic Thought

On “effectual demand” and the “extent of the market” in Adam Smith and David Ricardo


Published: Sep 22, 2020 by European Journal of the History of Economic Thought
Authors: Alex M. Thomas
Subjects: Economics, Finance, Business & Industry

This paper revisits the question of demand in the works of Adam Smith and David Ricardo by adopting a novel approach: the joint examination of the concepts of “effectual demand” and the “extent of the market.” The findings point to a more important analytical role for demand in both Smith and Ricardo than has hitherto been highlighted.

History of Economics Review

A Note on the Role of Aggregate Demand in Ricardo


Published: Nov 30, 2018 by History of Economics Review
Authors: Alex M. Thomas
Subjects: Economics, Finance, Business & Industry

In the voluminous secondary literature on Ricardo’s political economy, there is no role for aggregate demand. Through a close reading of Ricardo’s Principles of Political Economy and Notes on Malthus, this paper argues that aggregate demand – defined as investment and consumption in the aggregate – matters in Ricardo notwithstanding his special assumption that saving is investment.

History of Economic Ideas

Consumption and Activity Levels in Cantillon's Essai


Published: Mar 30, 2018 by History of Economic Ideas
Authors: Alex M. Thomas
Subjects: Economics, Finance, Business & Industry

This paper first presents a summary of Cantillon's overall theoretical system by focussing on the theory of value and functional income distribution. Following this brief account, we examine the role played by consumption in the determination of activity levels in Cantillon's economics. It is concluded that autonomous consumption of the landowners play a decisive role in the determination of activity levels and employment, subject to land constraints.

Journal of Interdisciplinary Economics

Adam Smith on the Philosophy and Provision of Education


Published: Jan 30, 2018 by Journal of Interdisciplinary Economics
Authors: Alex M. Thomas
Subjects: Economics, Finance, Business & Industry

This article examines the views of Adam Smith on the philosophy and provision of education. On the basis of his Theory of Moral Sentiments and other writings, it becomes clear that Smith views education, conceived broadly to include both the learning of ‘wisdom’ and ‘moral sentiments’, as central to a prosperous or flourishing society.