Minggu, 21 Juli 2013

[Y951.Ebook] Download History of Economic Thought: A Critical Perspective, by E. K. Hunt, Mark Lautzenheiser

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History of Economic Thought: A Critical Perspective, by E. K. Hunt, Mark Lautzenheiser

History of Economic Thought: A Critical Perspective, by E. K. Hunt, Mark Lautzenheiser



History of Economic Thought: A Critical Perspective, by E. K. Hunt, Mark Lautzenheiser

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History of Economic Thought: A Critical Perspective, by E. K. Hunt, Mark Lautzenheiser

The new edition of this classroom classic retains the organizing theme of the original text, presenting the development of thought within the context of economic history. Economic ideas are framed in terms of the spheres of production and circulation, with a critical analysis of how past theorists presented their ideas.

  • Sales Rank: #543427 in eBooks
  • Published on: 2015-01-28
  • Released on: 2015-01-28
  • Format: Kindle eBook

Most helpful customer reviews

24 of 26 people found the following review helpful.
Interesting, Deep Scholarship, but clear Bias
By JrShotty
First of all, I want to say that I think this is a very good book for the history of economic theory. I did enjoy reading it, and while I have a few problems with the text, I still believe the text was well worth my time and money.

With that said,the bias in the book is a minor irritant at most points. The coauthors clearly respect the heterodox, value theory of labor thinkers much more than thinkers like Say, Bastiat, or the Austrians. I found this good at first, bc I had not had much experience with Post-Marxist thinkers, and wanted to get to know them. The problem, however, is when the coauthors skim over problems with the labor theory of value. The section on the Transformation Problem implies that there the whole issue is an illusion, and that Marx resolved it. While this is a viable point of view, to skim over such a significant point of contention seems to be unwise. For another example, the Marginalists and mathematical economics in general is considered to be superfluous and unimportant.

These issues do not detract from the great scholarship at other points in the work. The vast majority of the text is a fast, fascinating page turner (yes, apparently that is possible for history of economic thought). I highly recommend this book for either personal reading or for use in a classroom, but the bias of the coauthors must be kept in mind.

15 of 16 people found the following review helpful.
Anchoring a Short Bookshelf on Our Current Economic Crisis
By Michael G. Shafto
Review of E.K. Hunt & Mark Lautzenheiser, 'History of Economic Thought: A Critical Perspective (third edition)'
This book reflects impressive expertise and extensive scholarship. It is timely in light of the current world-wide economic meltdown, providing the essential concepts and historical background to let readers interpret the news of the day and to anticipate some likely future events. I have to give it 5 stars because its strengths greatly outweigh its weaknesses. I will detail just a few of those strengths before turning to some obvious gaps. Major strengths: (1) the authors are card-carrying economic theorists, and they present their material from the perspective of Economics insiders; this is a great strength, but it also leads to some weaknesses mentioned below; (2) the book is consistently well-written, though occasionally the reader may be confused by some technicalities; better to err in this direction than the opposite, however; (3) the treatment of Marx, Veblen, Sraffa, and others is a welcome corrective to their usual cursory dismissal by the mainstream; even the discussion of Adam Smith is enlightening; (4) topics like alienation of labor, mystification of class relations by mainstream ideology, and the inexorable rise of the military-industrial complex gain new force by being clearly linked to a centuries-old capitalist dynamic. It is particularly interesting to see how Marx's critique was anticipated in many ways by some of the revered founding fathers of economics, the earliest defenders and advocates of capitalism.
As for weaknesses, these can be summed up in one point: for 'A Critical Perspective,' this book is not critical enough. The reason, as mentioned above, is that the authors keep to a disciplinary perspective well within academic Economics. For example, they have little or no systematic leverage when it comes to incorporating "externalities" like unsustainable population growth and dramatic depletion of energy and other natural resources. As a supplemental set of readings, the following is a very short list which expands the disciplinary perspective, first from Political Economy to "Economic Politics" (Jay Hanson, 'From Capitalism To Democracy'), then to Anthropology and Sociology beyond industrial societies (Marvin Harris, 'Cultural Materialism'), then to Biology and Physics (Meadows, Randers, & Meadows, 'Limits to Growth: The 30-Year Update'), and finally to individual and group decision making: Behavioral Economics, as represented in the work of Herbert A. Simon, Vernon Smith, Daniel Kahneman, and Amos Tversky -- all of whom are mentioned cursorily by Hunt & Lautzenheiser -- and the vivid picture of class arrogance in Karen Zouwen Ho's 'Liquidated: An Ethnography of Wall Street,' which is not mentioned. Most of these items have to do with thinking straight about cause and effect. A good guide to thinking straight about means and ends is John Rawls's 'A Theory of Justice.'
The 5-star rating is still warranted, because that short bookshelf, which is anchored by 'History of Economic Thought,' only adds support for the authors' fundamental critical perspective, drawing that support from a range of disciplines related to Economics.

10 of 10 people found the following review helpful.
This book is why I'm in grad school.
By Emaebe
I love Hunt's History of Economic Thought. I own the first edition, and it is so marked up with highlighting and underlining that I decided to invest in the 2nd edition for my graduate level history of economic thought course. I would rank this as a high undergraduate level book- it lays down history of economic thought in a clear and (somewhat) concise manner. It is very easy to understand, and the book is an enjoyable read (if you like to learn about the development of economic thought). There are definitely other books which are good for learning about economic doctrines, but Hunt's book is a solid foundation.

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