History of Economic Theory

An upper-level text, History of Economic continues to offer a lively, accessible discussion of ideas that have shaped modern economics.

What was Adam Smith’s intellectual laboratory? How did his economic theory take shape? Were his metaphors of order only residual and ornamental expressions? This book answers these questions by analyzing the formation of the concepts of market and social order in Adam Smith’s work, by considering various aspects of his approach.

This book provides an insightful and original perspective on the work and legacy of John Maynard Keynes. It explores his work as an economist, world system planner, and social philosopher to highlight the different ways he influenced economics, economic policy, and the global political economy. Particularly attention is given to the development of the ideas which led up to The General Theory, his role as a planner and negotiator within international organizations, his work on the development of the post-war UK system, his debates with British Economists.

This book interprets the typical Chinese concepts of fengjian (feudalism) and jingji (economy) by reviewing the mistranslation and mismatching of concepts from ancient to modern times and from a Western language to Chinese and exploring Chinese and Western acculturation, which is in line with Mr. Chen Yinque’s theory—”To interpret a Chinese character is to write a history of culture”. In the coordinates of time and space for the transformation of Chinese concepts from ancient to modern times and their translation from Western languages, this book explores the generation and evolution of Chinese concepts; using the semantic window of Chinese characters, the book reviews the historical and cultural connotations of the semantic changes and the history of the long-lasting culture of Chinese characters. This volume moves from reviewing the semantic changes of fengjian and jingji to elaborating concepts of thought; it makes the study of the history of terms and concepts the study of the history of culture and thought; it analyzes words as part of cultural history to welcome the era of cultural and historical research with a focus on words.