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A Companion to the History of Economic Thought


Assembling contributions from top thinkers in the field, this Companion offers a comprehensive and sophisticated exploration of the history of economic thought. The volume has a threefold focus: the history of economic thought, the history of economics as a discipline, and the historiography of economic thought. The essays in the first part focus on the history of economic ideas, with topics ranging from ancient, medieval, and Islamic thought, to Marxian, Utopian, and postwar thought. The second part explores important historiographical topics, including the sociology of economics, methodology, exegesis, and textuality.

Each essay serves as a complex introduction to the chosen topic, and gathered together they provide an extensive synthesis of the field as a whole. The volume is an essential resource for anyone researching or studying the history of economic thought, and will also serve as an excellent text for courses in this area.

Warren J. Samuels is Professor Emeritus, and former Director of Graduate Programs for the Economics Department at Michigan State University. He is former President of the History of Economics Society and former President of the Association for Social Economics. In 1997 he was made Distinguished Fellow, History of Economics Society. Professor Samuels was Editor of the Journal of Economic Issues and is presently Co-editor of the Journal of Income Distribution. He has been on the Editorial Boards of 16 journals, has written or edited over 40 books, and is widely published in top journals.

Jeff E. Biddle is Professor of Economics at Michigan State University. He is widely published in the field of history of economic thought in such journals as The History of Political Economy, Journal of Labor Economics, and American Economic Review.

John B. Davis is Professor of Economics at Marquette University, and is former President of the History of Economics Society. Professor Davis specializes in history of economic thought and is renowned for his work on John Maynard Keynes. Recently he was a visiting fellow at Clare Hall, Cambridge, UK where he conducted research on Keynes' unpublished manuscripts. Davis is Editor of the Review of Social Economy and his research has been published in The Economic Journal, Cambridge Journal of Economics, Journal of Post-Keynesian Economics, and The History of Political Economics.

List of Figures.

List of Tables.

List of Contributors.


1. Research Styles In The History Of Economic Thought: Jeff E. Biddle (Michigan State University).

Group I: Historical Surveys:.

2. Ancient And Medieval Economics: Todd Lowry (Washington & Lee University).

3. Contributions Of Medieval Muslim Scholars To The History Of Economics And Their Impact: Refutation Of The Schumpetarian Gap: Hamid Hosseini (King’s College).

4. Mercantilism: Lars Magnusson (Uppsala University).

5. Physiocracy And French Pre-Classical Political Economy: Philippe Steiner (University Paris-IX Dauphine).

6. Pre-Classical Economics In Britain: Anthony Brewer (University Of Bristol).

7. Adam Smith (1723-1790): Theories Of Political Economy: Andrew S. Skinner (University Of Glasgow).

8. Classical Economics: Denis O’Brien (University Of Durham).

9. Post-Ricardian British Economics, 1830-1870: Sandra Peart (Baldwin-Wallace College) And David Levy (George Mason University).

10. Karl Marx: His Work And The Major Changes In Its Interpretation: Geert Reuten (University Of Amsterdam).

11. The Surplus Interpretation Of The Classical Economists: Heinz Kurz (University Of Graz).

12. Non-Marxian Socialism: John King (La Trobe University).

13. Utopian Economics: Warren J. Samuels (Michigan State University).

14. Historical Schools Of Economics: German And English: Keith Tribe.

15. American Economics To 1900: William J. Barber (Wesleyan University).

16. English Marginalism: Jevons, Marshall And Pigou: Peter Groenewegen (University Of Sydney).

17. The Austrian Marginalists: Menger, Böhm-Bawerk, And Wieser: Steven Horwitz (St. Lawrence University).

18. Early General Equilibrium Economics: Walras, Pareto And Cassell: Donald A. Walker (Indiana University Of Pennsylvania).

19. The “First” Imperfect Competition Revolution: Christina Marcuzzo (Universitat Di Roma).

20. The Stabilization Of Price Theory, 1920-1955: Roger E. Backhouse (University Of Birmingham).

21. Interwar Monetary And Business Cycle Theory: Macroeconomics Before Keynes: Robert W. Dimand (Brock University).

22. Keynes And The Cambridge School: Geoff C. Harcourt (Jesus College) And Prue Kerr (Centro Di Richerche E Documentazione ‘Piero Sraffa’).

23. American Institutional Economics In The Interwar Period: Malcolm Rutherford (University Of Virginia).

24. Postwar Neoclassical Microeconomics: S. Abu Turab Rizvi (University Of Vermont).

25. The Formalist Revolution In The 1950s: Mark Blaug (University Of Amsterdam).

26. A History Of Postwar Monetary And Macroeconomics: Kevin Hoover (University Of California, Davis).

27. The Economic Role Of Government In The History Of Economic Thought: Steven G. Medema (University Of Colorado, Denver).

28. Postwar Heterodox Economics.

The Austrian School Of Economics: 1950-2000: Peter Boettke And Peter Leeson (George Mason University).

Feminist: Janet Seiz (Grinnell College).

Institutionalist: Geoff Hodgson (University Of Hertfordshire).

Post Keynesian: Sheila Dow (University Of Stirling).

Radical Political Economy: Bruce Pietrykowski (University Of Michigan).

Group II: Historiography:.

29. Historiography: Matthias Klaes (Keele University).

30. The Sociology Of Economics And Scientific Knowledge, And The History Of Economic Thought: A. W. Coats (University Of Nottingham).

31. Exegesis, Hermeneutics And Interpretation: Ross Emmett (Augustana University College).

32. Textuality And The History Of Economics: Intention And Meaning: Vivienne Brown (The Open University).

33. Mathematical Modeling As An Exegetical Tool: Rational Reconstruction: A. M.C. Waterman (St. John’s College).

34. Economic Methodology Since Kuhn: John B. Davis (Marquette University).

35. Biography And The History Of Economics: Don E. Moggridge (University Of Toronto).

36. Economics And Economists In The Economic Policy Process: Crauford D. Goodwin (Duke University).

37. The International Diffusion Of Economic Thought: Jose Luis Cardoso (Technical University Of Lisbon).

38. The History Of Ideas And Economics: Mark Perlman (University Of Pittsburgh).

39. Research In The History Of Economic Thought As A Vehicle For The Defense And Criticism Of Orthodox Economics: John Lodewijks (University Of New South Wales).

Name Index.

Subject Index.