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The Wealth of Ideas

The Wealth of Ideas
A History of Economic Thought


  • Date Published: December 2006
  • availability: Available
  • format: Paperback
  • isbn: 9780521691871


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About the Authors
  • The Wealth of Ideas, first published in 2005, traces the history of economic thought, from its prehistory (the Bible, Classical antiquity) to the present day. In this eloquently written, scientifically rigorous and well documented book, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with chapters on other important figures and on debates of the period. Economic thought is seen as developing between two opposite poles: a subjective one, based on the ideas of scarcity and utility, and an objective one based on the notions of physical costs and surplus. Professor Roncaglia focuses on the different views of the economy and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility approach in comparison with the Classical/Keynesian approach.

    • A comprehensive, up-to-date history of economic thought
    • An original contribution to the debate on the foundations of economics
    • An important step forward for the Classical/post-Keynesian approach to economics
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    Reviews & endorsements

    "This is an impressive, wide-ranging and useful volume." Business History Review Geoffrey M. Hodgson, University of Hertfordshire

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    Product details

    • Date Published: December 2006
    • format: Paperback
    • isbn: 9780521691871
    • length: 598 pages
    • dimensions: 229 x 152 x 34 mm
    • weight: 0.87kg
    • availability: Available
  • Table of Contents

    1. The history of economic thought and its role
    2. The prehistory of political economy
    3. William Petty and the origins of political economy
    4. From body politic to economic tables
    5. Adam Smith
    6. Economic science at the time of the French revolution
    7. David Ricardo
    8. The 'Ricardians' and the decline of Ricardianism
    9. Karl Marx
    10. The marginalist revolution: the subjective theory of value
    11. The Austrian school and its neighbourhood
    12. General economic equilibrium
    13. Alfred Marshall
    14. John Maynard Keynes
    15. Joseph Schumpeter
    16. Piero Sraffa
    17. The age of fragmentation
    18. Where are we going? Some (very tentative) considerations

  • Author

    Alessandro Roncaglia, Università degli Studi di Roma 'La Sapienza', Italy
    Alessandro Roncaglia is Professor of Economics in the Department of Economic Sciences, University of Rome 'La Sapienza'. He is a member of the Accademia Nazionale dei Lincei and editor of BNL Quarterly Review and Moneta e Credito. His numerous publications include Piero Sraffa: His life, thought and cultural heritage (2000) and the Italian edition of this book, La ricchezza delle idee (2001) which received the 2003 Jérome Adolphe Blanqui Award from the European Society for the History of Economic Thought.

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