The classic history of economic thought through the ages—now fully updated and expandedHesiod defined the basic economic problem as one of scarce resources, a view still held by economists today. Diocletian tried to save the Roman Empire with wage and price fixes—a strategy that has not gone entirely out of style. Roger Backhouse takes readers from the ancient world to the frontiers of game theory, mechanism design, and engagements with climate science, presenting ...

Paul A. Samuelson is widely regarded as the world's leading economist in the so-called “Age of Keynes”, the three decades after WWII, acknowledged by his being the first American to win the Nobel prize in economics. Foundations of Economic Analysis was a manual on how economic theory should be done, and the nineteen editions of Economics: An Introductory Analysis provided the first exposure to economics for millions of students worldwide. Volume I of this intellectual bio...

The welfare state has, over the past forty years, come under increasing attack from liberals who consider comprehensive welfare provision inimical to liberalism. Yet, many of the architects of the post-World War II welfare states were liberals, many of whom were economists as much as socialists. Liberalism and the Welfare State investigates the thinking of liberal economists about welfare, focusing on Britain, Germany and Japan, each of which had a different tradition of economic ...

Does economics hold the key to everything or does the recent financial crisis show that it has failed? This book provides an assessment of modern economics that cuts through the confusion and controversy on this question. Case studies of the creation of new markets, the Russian transition to capitalism, globalization, and money and finance establish that economics has been very successful where problems have been well defined and where the world can be changed to fit the theory, but that i...

First published in 1993. The importance of language in economics has been neglected and dominated by techniques from other disciplines. This looks at the wider methological implications of language within economics in a practical and theoretical way.

Paul Samuelson was at the heart of a revolution in economics. He was "the foremost academic economist of the 20th century," according to the New York Times, and the first American to win the Nobel Prize in Economics. His work transformed the field of economics and helped give it the theoretical and mathematic rigor that increased its influence in business and policy making. In Founder of Modern Economics, Roger E. Backhouse explores the central importance of Samuelson's p...

A Historiography of the Modern Social Sciences includes essays on the ways in which the histories of psychology, anthropology, sociology, economics, history and political science have been written since the Second World War. Bringing together chapters written by the leading historians of each discipline, the book establishes significant parallels and contrasts and makes the case for a comparative interdisciplinary historiography. This comparative approach helps explain historiographical de...

This compact volume covers the main developments in the social sciences since the Second World War. Chapters on economics, human geography, political science, psychology, social anthropology, and sociology will interest anyone wanting short, accessible histories of those disciplines, all written by experts in the relevant field; they will also make it easy for readers to make comparisons between disciplines. A final chapter proposes a blueprint for a history of the social sciences as a who...

John Maynard Keynes (1883–1946) was the most important economist of the twentieth century. He was also a philosopher who wrote on ethics and the theory of probability and was a central figure in the Bloomsbury Group of writers and artists. In this volume contributors from a wide range of disciplines offer new interpretations of Keynes's thought, explain the links between Keynes's philosophy and his economics, and place his work and Keynesianism - the economic theory, the principles of econ...

Interpreting Macroeconomics explores a variety of different approaches to macroeconomic thought. The book considers a number of historiographical and methodological positions, as well as analyzing various important episodes in the development of macroeconomics, before during and after the Keynesian revolution. Roger Backhouse shows that the full richness of these developments can only by brought out by approaches which blend both relativism and absolutism, and historical and ratio...

Roger Backhouse is a key figure in the field of economic methodology. Explorations in Economic Methodology both clarifies and responds to the issues raised by the literature and argues that methodology is an essential activity. Offering a constructive, but critical, response to the recent literature, this collection provides important new insights for students and researchers in economic methodology and the philosophy of science.

This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about q...