Contemporary Economics (Routledge Studies in the History of Economics)

464 Pages·2008·1.4 MB·English

by  Steven Pressman

Leading Contemporary Economists
This book describes the important contributions of several contemporary eco-
nomic figures including recent Nobel Laureates. Describing their work and
putting it into an historical perspective, these chapters explain how their work
constitutes a major contribution to the discipline of economics and how it has
broadened economic science.
Co-editor of the Review of Political Economy, Steven Pressman has gathered
together for the first time key chapters from the journal, discussing major figures
such as Amartya Sen, Joseph Stiglitz, John Kenneth Galbraith, Thomas
Schelling, Edmund Phelps and Robert Mundell. This volume is significant to the
extent that it combines the study of the work of Nobel Laureates with the
perspective of heterodox economists, including a comprehensive bibliography
for the work of each economist covered.
This book will be useful to both students and professional economists who
are interested in contemporary, cutting edge economics and how the economics
profession has changed over the last couple of decades.
Steven Pressmanis Professor of Economics and Finance at Monmouth Univer-
sity. He is the author of Fifty Major Economists (second edition 2006) and co-
editor of Women in the Age of Economic Transformation (1994) and A New
Guide to Post-Keynesian Economics (2001) all published by Routledge.
Routledge studies in the history of economics
1 Economics as Literature 8 The History of Game Theory,
Willie Henderson Vol. 1
From the beginnings to 1945
2 Socialism and Marginalism in Robert W. Dimand and
Economics 1870–1930 Mary Ann Dimand
Edited by Ian Steedman
9 The Economics of W. S. Jevons
3 Hayek’s Political Economy Sandra Peart
The socio-economics of order
Steve Fleetwood 10 Gandhi’s Economic Thought
Ajit K. Dasgupta
4 On the Origins of Classical
Economics 11 Equilibrium and Economic
Distribution and value from Theory
William Petty to Adam Smith Edited by Giovanni Caravale
Tony Aspromourgos
12 Austrian Economics in Debate
5 The Economics of Joan Edited by Willem Keizer,
Robinson Bert Tieben and Rudy van Zijp
Edited by Maria Cristina
Marcuzzo, Luigi Pasinetti and 13 Ancient Economic Thought
Alesandro Roncaglia Edited by B. B. Price
6 The Evolutionist Economics of 14 The Political Economy of Social
Léon Walras Credit and Guild Socialism
Albert Jolink Frances Hutchinson and
Brian Burkitt
7 Keynes and the ‘Classics’
A study in language, epistemology 15 Economic Careers
and mistaken identities Economics and economists in
Michel Verdon Britain 1930–1970
Keith Tribe
34 Towards an Unknown Marx 42 Piero Sraffa’s Political Economy
A commentary on the manuscripts A centenary estimate
of 1861–63 Edited by Terenzio Cozzi and
Enrique Dussel Roberto Marchionatti
35 Economics and Interdisciplinary 43 The Contribution of Joseph
Exchange Schumpeter to Economics
Edited by Guido Erreygers Economic development and
institutional change
36 Economics as the Art of Richard Arena and Cecile Dangel
Thought
Essays in memory of 44 On the Development of Long-
G. L. S. Shackle run Neo-Classical Theory
Edited by Stephen F. Frowen and Tom Kompas
Peter Earl
45 F. A. Hayek as a Political
37 The Decline of Ricardian Economist
Economics Economic analysis and values
Politics and economics in Edited by Jack Birner,
post-Ricardian theory Pierre Garrouste and
Susan Pashkoff Thierry Aimar
38 Piero Sraffa 46 Pareto, Economics and Society
His life, thought and The mechanical analogy
cultural heritage Michael McLure
Alessandro Roncaglia
47 The Cambridge Controversies
39 Equilibrium and Disequilibrium in Capital Theory
in Economic Theory A study in the logic of theory
The Marshall-Walras divide development
Michel de Vroey Jack Birner
40 The German Historical School 48 Economics Broadly Considered
The historical and ethical Essays in honour of Warren J.
approach to economics Samuels
Edited by Yuichi Shionoya Edited by Steven G. Medema,
Jeff Biddle and John B. Davis
41 Reflections on the Classical
Canon in Economics 49 Physicians and Political
Essays in honour of Samuel Economy
Hollander Six studies of the work of doctor-
Edited by Sandra Peart and economists
Evelyn Forget Edited by Peter Groenewegen
50 The Spread of Political 57 Classics and Moderns in
Economy and the Economics, Volume I
Professionalisation of Essays on nineteenth and
Economists twentieth century economic
Economic societies in Europe, thought
America and Japan in the Peter Groenewegen
nineteenth century
Massimo Augello and 58 Classics and Moderns in
Marco Guidi Economics, Volume II
Essays on nineteenth and
51 Historians of Economics and twentieth century economic
Economic Thought thought
The construction of disciplinary Peter Groenewegen
memory
Steven G. Medema and 59 Marshall’s Evolutionary
Warren J. Samuels Economics
Tiziano Raffaelli
52 Competing Economic Theories
Essays in memory of 60 Money, Time and Rationality in
Giovanni Caravale Max Weber
Sergio Nisticò and Austrian connections
Domenico Tosato Stephen D. Parsons
53 Economic Thought and Policy in 61 Classical Macroeconomics
Less Developed Europe Some modern variations and
The nineteenth century distortions
Edited by Michalis Psalidopoulos James C. W. Ahiakpor
and Maria-Eugenia Almedia Mata
62 The Historical School of
54 Family Fictions and Family Economics in England and
Facts Japan
Harriet Martineau, Adolphe Tamotsu Nishizawa
Quetelet and the population
question in England 1798–1859 63 Classical Economics and
Brian Cooper Modern Theory
Studies in long-period analysis
55 Eighteeth-Century Economics Heinz D. Kurz and Neri Salvadori
Peter Groenewegen
64 A Bibliography of Female
56 The Rise of Political Economy in Economic Thought to 1940
the Scottish Enlightenment Kirsten K. Madden,
Edited by Tatsuya Sakamoto and Janet A. Sietz and Michele Pujol
Hideo Tanaka
65 Economics, Economists and 73 Knut Wicksell on Poverty
Expectations No place is too exalted
From microfoundations to Knut Wicksell
macroeconomics
Warren Young, Robert Leeson and 74 Economists in Cambridge
William Darity Jnr. A study through their
correspondence 1907–1946
66 The Political Economy of Public Edited by M. C. Marcuzzo and
Finance in Britain, 1767–1873 A. Rosselli
Takuo Dome
75 The Experiment in the History
67 Essays in the History of of Economics
Economics Edited by Philippe Fontaine and
Warren J. Samuels, Robert Leonard
Willie Henderson,
Kirk D. Johnson and 76 At the Origins of Mathematical
Marianne Johnson Economics
The Economics of
68 History and Political Economy A. N. Isnard (1748–1803)
Essays in honour of P. D. Richard van den Berg
Groenewegen
Edited by Tony Aspromourgos and 77 Money and Exchange
John Lodewijks Folktales and reality
Sasan Fayazmanesh
69 The Tradition of Free Trade
Lars Magnusson 78 Economic Development and
Social Change
70 Evolution of the Market Process Historical roots and modern
Austrian and Swedish economics perspectives
Edited by Michel Bellet, George Stathakis and
Sandye Gloria-Palermo and Gianni Vaggi
Abdallah Zouache
79 Ethical Codes and Income
71 Consumption as an Investment Distribution
The fear of goods from Hesiod to A study of John Bates Clark and
Adam Smith Thorstein Veblen
Cosimo Perrotta Guglielmo Forges Davanzati
72 Jean-Baptiste Say and the 80 Evaluating Adam Smith
Classical Canon in Economics Creating the wealth of nations
The British connection in French Willie Henderson
classicism
Samuel Hollander
81 Civil Happiness 88 The Years of High Econometrics
Economics and human flourishing A short history of the generation
in historical perspective that reinvented economics
Luigino Bruni Francisco Louçã
82 New Voices on Adam Smith 89 David Hume’s Political
Edited by Leonidas Montes and Economy
Eric Schliesser Edited by Carl Wennerlind and
Margaret Schabas
83 Making Chicago Price Theory
Milton Friedman–George Stigler 90 Interpreting Classical
correspondence, 1945–1957 Economics
Edited by J. Daniel Hammond and Studies in long-period analysis
Claire H. Hammond Heinz D. Kurz and Neri Salvadori
84 William Stanley Jevons and the 91 Keynes’s Vision
Cutting Edge of Economics Why the Great Depression did
Bert Mosselmans not return
John Philip Jones
85 A History of Econometrics in
France 92 Monetary Theory in Retrospect
From nature to models The selected essays of
Philippe Le Gall Filippo Cesarano
Filippo Cesarano
86 Money and Markets
A doctrinal approach 93 Keynes’s Theoretical
Edited by Alberto Giacomin and Development
Maria Cristina Marcuzzo From the tract to the general theory
Toshiaki Hirai
87 Considerations on the
Fundamental Principles of 94 Leading Contemporary
Pure Political Economy Economists
Vilfredo Pareto (Edited by Economics at the cutting edge
Roberto Marchionatti and Edited by Steven Pressman
Fiorenzo Mornati)

Leading Contemporary
Economists
Economics at the cutting edge
Edited by Steven Pressman
First published 2009
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
Simultaneously published in the USA and Canada
by Routledge
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This edition published in the Taylor & Francis e-Library, 2008.
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© 2009 Selection and editorial matter, Steven Pressman; individual
chapters, the contributors
All rights reserved. No part of this book may be reprinted or reproduced or
utilised in any form or by any electronic, mechanical, or other means, now
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any information storage or retrieval system, without permission in writing
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ISBN 0-203-89309-3 Master e-book ISBN
ISBN10: 0-415-77501-9 (hbk)
ISBN10: 0-203-89309-3 (ebk)
ISBN13: 978-0-415-77501-4 (hbk)
ISBN13: 978-0-203-89309-8 (ebk)