A Brief History of Economic Thought

  • Stephen C. R. Munday


In economics, we appear to assume that it is entirely possible to study our subject to a high standard with scant appreciation of its intellectual heritage. Most economics courses give little or no role to the history of economic thought. Standard textbooks do not give chapters to the topic. The message appears to be that it is unimportant. This is intriguing if not indeed disconcerting. It is hard to see how having an appreciation of the historical development of economic ideas could not be of benefit to a contemporary study of economics. The purpose of this chapter is to give a brief overview of the history of economic thought. The belief is that through this, all the other topics considered later on will be better understood and appreciated.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Engels, Friedrich (1878) Anti-Duhring (London: Lawrence & Wishart, 1975)Google Scholar
  2. Keynes, John Maynard (1936) The General Theory of Employment, Interest and Money (London: Macmillan, 1973).Google Scholar
  3. Malthus, Thomas (1798) An Essay on Population (Harmondsworth: Penguin, 1970).Google Scholar
  4. Marshall, Alfred (1890) Principles of Economics (London: Macmillan, 1961).Google Scholar
  5. Marx, Karl (1867) Das Kapital (London: Lawrence & Wishart, 1970).Google Scholar
  6. Marx, Karl and Friedrich Engels (1848) The Communist Manifesto (London: Martin Lawrence, 1933).Google Scholar
  7. Mill, John Stuart (1848) Principles of Political Economy (London: Routledge & Kegan Paul, 1965).Google Scholar
  8. Ricardo, David (1817) Principles of Political Economy (Harmondsworth: Penguin, 1971).Google Scholar
  9. Smith, Adam (1759) The Theory of Moral Sentiments (Oxford: Clarendon Press, 1976)Google Scholar
  10. Smith, Adam (1776) An Inquiry Into the Nature and Causes of the Wealth of Nations (Oxford: Clarendon Press, 1976)Google Scholar

Copyright information

© Stephen C. R. Munday 1996

Authors and Affiliations

  • Stephen C. R. Munday

There are no affiliations available

Personalised recommendations