The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

History of Economic Thought

  • Craufurd D. Goodwin
Reference work entry


Attention was paid to the history of economic thought (HET) by pioneers of economics such as Dupont de Nemours and Adam Smith. Classical economists like J.R. McCulloch in the 19th century used HET to establish a canon of economic literature, and their successor marginalists such as William Stanley Jevons to demonstrate progress in the subject. From the First World War until the 1960s, leading economists, from Jacob Viner to Wesley Mitchell, employed HET to cast light on current research. In the 1970s HET became a separate sub-discipline with its own periodicals and meetings. The number of scholars who worked in HET did not decline, even though the major research and postgraduate training centres lost interest.


American Economic Association Austrians economics Blanqui, J.-A. Böhm-Bawerk, E. von Cannan, E. Classical economics Du Pont de Nemours, P. S. Economic history Historical School History of economic thought History of Economics Society Ingram, J. K. James, E. J. Jevons, W. S. Knight, F. H. Marginal revolution Marshall, A. McCulloch, J. R. Mitchell, W. C. Physiocrats Schumpeter, J. A. Smith, A. Twiss, T. Viner, J. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Craufurd D. Goodwin
    • 1
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