The Classical Ecomists Revisited conveys the extent, diversity, and richness of the literature of ecomics produced in the period extending from David Hume's Essays of 1752 to the final contributions of Fawcett and Cairnes in the 1870s. D. P. O'Brien thoroughly updates, rewrites, and expands the vastly influential work he first published in 1975, The Classical Ecomists. In particular, he sets out to make clear the shaping of a comprehensive vision of the working of an open ecomy, building on the great work of Adam Smith in Wealth of Nations, a development that was substantially affected by the contributions of David Ricardo. He shows that the Classical literature was in fact the work of a host of thinkers from a wide range of backgrounds. Covering the intellectual roots of the Classical literature and its methodological approaches, and the developed theories of value, distribution, money, trade, population, ecomic growth, and public finance, and examining the Classical attitudes toward a rich variety of policy issues, The Classical Ecomists Revisited considers t only the achievements of the Classical writers but also their legacy to the later development of ecomics. A seminal contribution to the field, this book will be treasured for many years to come by ecomists, historians of ecomics, instructors and their students, and anyone interested in the sweeping breadth and enduring influence of the classical ecomists.
D. P. O'Brien, Professor Emeritus of Economics at the University of Durham, is the author or editor of many books, including J. R. McCulloch and Thomas Joplin and Classical Macroeconomics .