The Age of Fragmentation A History of Contemporary Economic Thought 1st Edition by Alessandro Roncaglia 1108478441 9781108478441

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Product details:

ISBN 10: 1108478441

ISBN 13: 9781108478441

Author: Alessandro Roncaglia

The field of economics has proliferated in complexity and importance since the Second World War. Alessandro Roncaglia recounts the history of the different approaches (marginalist, neoclassical, Keynesian, Austrian, monetarism, rational expectations, institutionalist, evolutionary, classical-Sraffian) and the different fields (micro, macro, money and finance, industrial and game theory, institutions, public finance, econometrics), illustrating the thought and personality of the most important contemporary economists (from Hayek to Sraffa, from Modigliani and Samuelson to Friedman, from Simon to Sen, and many others), focusing on the conceptual foundations of the different streams. At the same time he appraises critically the important debates and controversies in the field and concludes by discussing possible future directions for economic thought. This follow-up to The Wealth of Ideas: A History of Contemporary Economic Thought is a readable introduction to the contemporary economics discourse, accessible to economics students and informed general readers, and an important complement for advanced students and economists active in specialized fields.

Table of contents:

1. Introduction: A Non-linear Discourse

2. The Foundations: Classicals and Marginalists

3. The Immediate Precursors

4. The Founder of Neo-liberalism: Friedrich von Hayek

5. The Revolutionary: Piero Sraffa

6. The New Microeconomics: General Equilibrium and Expected Utilities, Theory of Industrial Organization

7. The Macroeconomics of the Neoclassical Synthesis

8. The Myth of the Invisible Hand: Neo-liberal Streams

9. Applied Economics and Econometrics

10. Behavioural Economics and Bounded Rationality

11. From Efficient Financial Markets to the Theory of Crises

12. Post-Keynesian Macroeconomics

13. Marxism, Evolutionism, Institutionalism

14. Ethics and the Problem of Power

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