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The New Beyond

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Posted in Contemporary economics, History of economics Tagged with: , , ,

The Worldly Philosophers, Robert Heilbroner’s sentimental favorite from 1953, is all very well, but if you want a thorough account of the history of economics and an explanation of why it changed so dramatically in the years after Heilbroner wrote, there is really only one book to read: A History of Economic Theory, Classic Contributions 1720-1980, by monetary theorist Jürg Niehans, (Johns Hopkins University, 1990). Niehans died, at 87, in 2007. Niehans’ book is slightly more intimidating than Heilbroner’s. In keeping with the story that it tells, it has its share of diagrams and equations. Then, too, the author is