Economics Evolving: A History of Economic Thought Agnar Sandmo is an English-language textbook that examines the history of economic thought. This book is intended for students and professionals in higher education and covers the development of economic theories from Adam Smith to the late twentieth century.
The work provides a clear and understandable explanation of the key economists and theories that shaped the field. From classical thinkers such as Smith, Malthus, Ricardo, and Marx to Keynes and influential post-war economists like Hicks, Friedman, and Samuelson. In addition, the book discusses the evolution of concepts related to prices, markets, money, population growth, and the balance between socialism and a market economy.
Economics Evolving sheds light on how economic ideas developed over time and continue to evolve. The book highlights the tension between efficient allocation of resources and a fair distribution of income, and offers insight into the lives and social context of the greatest economists.
With its in-depth yet accessible approach, this book is a valuable resource for anyone who wants to understand the history of economic thought and the evolution of the economy.
Topics: the history, economic thought, economics evolving, economic theory, economic history.