J. A. Hobson

  • Michael Schneider

Part of the Contemporary Economists book series (CONTECON)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Michael Schneider
    Pages 1-20
  3. Michael Schneider
    Pages 21-37
  4. Michael Schneider
    Pages 38-57
  5. Michael Schneider
    Pages 58-88
  6. Michael Schneider
    Pages 89-106
  7. Michael Schneider
    Pages 107-115
  8. Michael Schneider
    Pages 116-128
  9. Michael Schneider
    Pages 129-134
  10. Back Matter
    Pages 135-173

About this book


The economic theories of the English economist and social scientist J.A. Hobson (1858-1940) were pioneering for their time. This book critically analyses his theories and shows that many of them have contemporary relevance. Hobson is best known by today's economists for his underconsumption theory, which was recognised by Keynes as an important forerunner of The General Theory. Hobson's underconsumption theory is modelled and compared with the economic growth theories of Harrod and Domar. Also included are accounts of Hobson's theories in the areas of welfare economics, income distribution and prices, money and credit, and international economics. The book also outlines Hobson's theory of imperialism, which was addressed to an audience far wider than that of economists, and gained him international fame.


economics international economics John Maynard Keynes Keynes welfare

Authors and affiliations

  • Michael Schneider
    • 1
  1. 1.La Trobe UniversityMelbourneAustralia

Bibliographic information