A History of Economics: The Past as the Present

A History of Economics: The Past as the PresentAmazing EPub, A History Of Economics The Past As The Present Author John Kenneth Galbraith This Is Very Good And Becomes The Main Topic To Read, The Readers Are Very Takjup And Always Take Inspiration From The Contents Of The Book A History Of Economics The Past As The Present, Essay By John Kenneth Galbraith Is Now On Our Website And You Can Download It By Register What Are You Waiting For Please Read And Make A Refission For You Basically an ok history of economic thought, though it felt somewhat clipped at the end the discussion of Friedman is rather rushed While he doesn t push the point too forcefully, I think that Galbraith successfully provides the evidence that economic theory works much like a theology for its practicioners, that what many economic theorists are doing is keeping the faith And that, in many ways, economics is a studied practice in ignoring reality economists before the 1930s seriously thought that natural laws of the world dictated that there should be full employment, and modern economists still spin their theories while presuming perfect competition, as if such a thing could exist.Unfortunately I found Galbraith s style and tone throughout the book somewhat irksome It has a certain type of elitist, professorial air that feels anachronistic for a piece at the end of the 1980s I don t think that Galbraith really escaped the blinders worn by most of those in his discipline, which seem designed specifically to shut out all innovation done in social sciences other than economics the book is in many ways a canonizing piece, tying the work of modern university economists to that done by the accepted saints of economics like Smith and even to the Greeks Because all thought must somehow be rooted in Aristotle and Plato It makes the subtitle A Critical History a little laughable but then, he admits his publisher made him add that on. 7 A truly excellent history of the dismal science, written beautifully, if not gorgeously There is a real dry wit to this book.A sweeping history that makes the key point the economics is a product of its time and context, and thus economists should understand the historical context of the key ideas, and assumedly one can draw the conclusion that you most try and understand if the current historical context corresponds with the one in the past, where an expounded theory comes from.Starting from the classical period of history, not economics and making the remarkable point that economics doesn t really exist until you abolish slavery, and thus have to worry about cost of labour, rather than the ethics of slavery, he explains why the subject only really begins 250 years ago Also covering why the French think differently about economics, due to their history of revolution and the power of agriculture.He then goes on to discuss each of the classical economists starting with Smith, and progressing through Malthus, Ricardo etc, ensuring to explain the historical context of each, and how each carefully adapts the theories of the last to a contemporary context This careful reductionism by the subject into and detailed theories as the grand theories come into contact with the real world is another strong theme of the book We also begin to see how the focus of economics begins to move over the Atlantic from Europe to the USA.After outlining the evolution of classical economics in the 18th and 19th century, and the contest between capital and labour Marxism the final theme that extends through the book the conflict of ideas, he moves into the 20th century Here he explains how classical economics became microeconomics, whilst the experiences of the Great Depression and World War II led to the Welfare State with the aide of the Swedes and Keynesism and the evolution of macroeconomics Finally bringing in Friedmann and monetarism as its challenge, and the concept that conflict is now between state and business, not labour and capital Finally he looks forward discussing some of the issues that may define the future from his point in the 1980s the role of big corporations, international development and globalisation though this was written before the wide use of the word, so he doesn t use it directly.Towards the end the book in my opinion becomes over focused on the USA, ignoring for example development economics, the end of the gold standard, the route of Europe NHS, social democracy etc or the Cold War an economic theory war if there ever was one However this remains a highly readable book on economics and economic theory, explaining all the key ideas and how they involved A great source for further reading on the subject It ends in the 1980s, when it was written, but there s plenty of material that covers recent developments in the bookshops, there seems to be much less of real quality that covers all that came before.Highly recommended for all economics students, and those broadly interested in the history of industrialisation. . . A great overview of the basic economic ideas for the non economist Economists should know this stuff already More than i learned from my college text books Mainly as it s written in English, not gobbledygook. Cuando un libro que trata un tema tan rido para el lego como la econom a y su historia no es le do apenas en diagonal es se al de que el autor es como poco un buen divulgador Y si por algo destaca esta Historia de la Econom a es justo por lo amena y comprensible que hace la econom a a trav s de un semblante hist rico Adem s deja cualquier simulacro de objetividad en casa y de hecho afirma que la econom a es cualquier cosa excepto objetiva Y a partir de ah comienza a repartir por igual a tirios y troyanos no se salva ni Marx ni Milton Friedman, con el que el autor tuvo agrios debates en su momento incluido Keynes, al que no deja de considerar como su principal referente.Especialmente curiosas me han parecido sus predicciones el libro fue publicado en el a o 1989 en las que pon a por las nubes la econom a japonesa y su forma de tratar las cosas Quiz si uno se abstrae de que hablaba de Jap n como el futuro y lleva dos d cadas de recesi n permanente, s se atisba una defensa de la forma de hacer las cosas m s parecida a las que hoy se lleva en Silicon Valley y dem s empresas del capitalismo guay del siglo XXI frente a la rigidez t pica de las empresas occidentales.En resumen, se est de acuerdo o no con el texto, no deja de ser una buena forma de introducirte en ese saber arcano de lectura de entra as de peces que hemos definido como econom a.

John Kenneth Galbraith was a Canadian American economist He was a Keynesian and an institutionalist, a leading proponent of 20th century American liberalism and democratic socialism His books on economic topics were bestsellers in the 1950s and 1960s A prolific author, he produced four dozen books over a 1000 articles on many subjects Among his most famous works was his economics trilogy

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  • Paperback
  • 359 pages
  • A History of Economics: The Past as the Present
  • John Kenneth Galbraith
  • Arabic
  • 07 February 2018

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