The Genesis of Macroeconomics
New Ideas from Sir William Petty to Henry Thornton
By (author) Antoin E. Murphy
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Genesis of Macroeconomics by Antoin E. Murphy
Book DescriptionThis is a book about the discovery of macroeconomic ideas and concepts long before the term macroeconomics had been coined. The cast of authors varies from doctors and physicians (Sir William Petty and Francois Quesnay), to philosophers (David Hume and Adam Smith), to bankers (Richard Cantillon and Henry Thornton) to Prime Ministers of France (John Law and Anne Robert Jacques Turgot). These authors had very rich and varied careers and the book invites readers to imagine specific moments in their careers that influenced both their lives and their writings. Building on these events the contributions of each author are outlined and discussed. Examination of their writings show that by the start of the nineteenth century they had left a rich legacy of macroeconomics ranging from the analysis and measurement of national income, the depiction of the circular flow of income, the debate on the role of money in the economy, the way to model the economy, the importance of labour, land and capital, the role of entrepreneurship, the Central Bank as a lender of last resort, and much more.
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Book DetailsISBN: 9780199543229
(241mm x 162mm x 18mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 25-Dec-2008
Country of Publication: United Kingdom
Books By Author Antoin E. Murphy
Fall of the Celtic Tiger, Paperback (July 2014)
Examines how the Celtic Tiger, an economy that was hailed as one of the most successful in history, fell into a macroeconomic abyss necessitating an unheard of bail-out. It covers property market bubbles, regulatory incompetency, and disastrous economic policies. A highly readable account of the unprecedented near collapse of the Irish economy.
Genesis of Macroeconomics, Paperback (December 2008)
This is a book about the discovery of the great macroeconomic concepts and ideas by a group of exciting people between the late 17th and early 19th century. Engaging and vividly written, the book shows readers how economic concepts evolve over time and are influenced by contemporary developments.
John Law, Hardback (June 1997)» View all books by Antoin E. Murphy
John Law (1671-1729) is most widely known outside economics as a rake, duellist and gambler. This intellectual biography of the Scottish-born economic theorist and policy-maker shows him to have been a significant economic theorist when economic conceptualization was very much at an embryonic stage. It also explains his ultimate failure.
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Author Biography - Antoin E. Murphy
Antoin E. Murphy is an associate professor of economics and fellow of Trinity College Dublin. His previous works include Richard Cantillon: Entrepreneur and Economist (OUP, 1986) and John Law: Economic Theorist and Policy-maker (OUP, 1997). He is a joint managing editor of The European Journal of the History of Economic Thought. In 2001, the European Society of the History of Economic Thought awarded him the Jerome Blanqui prize for the best published work on the history of economic thought resulting from his editing of Du Tot Histoire du Systeme de John Law (1716-1720) published by I.N.E.D./P.U.F., Paris 2000.
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