The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century by Professor Roger E. Backhouse (Paperback, 2004)
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- DescriptionIn some of Western culture's earliest writings, Hesiod defined the basic ecomic problem as one of scarce resources, a view still held by most ecomists. Diocletian tried to save the falling Roman Empire with wage and price fixes--a strategy that has t gone entirely out of style. And just as they did in the late nineteenth century, thinkers trained in physics revated ecomic inquiry in the late twentieth century. Taking us from Homer to the frontiers of game theory, this book presents an engrossing history of ecomics, what Alfred Marshall called the study of mankind in the ordinary business of life. While some regard ecomics as a modern invention, Roger Backhouse shows that ecomic ideas were influential even in antiquity--and that the origins of contemporary ecomic thought can be traced back to the ancients. He reveals the genesis of what we have come to think of as ecomic theory and shows the remarkable but seldom explored impact of ecomics, natural science, and philosophy on one ather. Along the way, he introduces the fascinating characters who have thought about money and markets, including theologians, philosophers, politicians, lawyers, and poets as well as ecomists themselves. We learn how some of history's most influential concepts arose from specific times and places: from the Stoic tion of natural law to the mercantilism that rose with the European nation-state; from postwar development ecomics to the recent experimental and statistical ecomics made possible by affluence and powerful computers. Vividly written and unprecedented in its integration of ancient and modern ecomic history, this book is the best history of ecomics--and among the finest intellectual histories--to be published since Heilbroner's The Worldly Philosophers. It proves that ecomics has been anything but the dismal science.
- Author BiographyRoger E. Backhouse holds a Chair in the History and Philosophy of Economics at the University of Birmingham. He is the author of Truth and Progress in Economic Knowledge, Economists and the Economy , and A History of Modern Economic Analysis .
- Author(s)Professor Roger E. Backhouse
- PublisherPrinceton University Press
- Date of Publication01/03/2004
- Place of PublicationNew Jersey
- Country of PublicationUnited States
- ImprintPrinceton University Press
- Content Note1 table, 5 line illus.
- Weight485 g
- Width127 mm
- Height203 mm
- Spine28 mm
- Format DetailsTrade paperback (US)
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