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A History of Economic Theory and Method, Sixth Edition, by Robert B. Ekelund Jr., Robert F. Hébert
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Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and Hébert's survey provides historical and international contexts for how economic models have served social needs throughout the centuries beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis.
Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and "experiments" in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants.
The authors' creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.
Not-for-sale instructor resource material available to college and university faculty only; contact publisher directly.
- Sales Rank: #122537 in Books
- Brand: Brand: Waveland Press, Inc.
- Published on: 2013-08-21
- Original language: English
- Number of items: 1
- Dimensions: 9.50" h x 7.25" w x 1.50" l, 3.00 pounds
- Binding: Hardcover
- 733 pages
- Used Book in Good Condition
Review
"Ekelund & Hébert have produced a well-researched and brilliantly written text. The authors are ingenious and erudite, and their text is comprehensive. They bring their supremely important, yet often neglected, subject matter to life." --Steve H. Hanke, The Johns Hopkins University
"I have used the Ekelund-Hebert text for ten years. Each update has been an exciting improvement. This new edition's addition of social science integration gives a robust twist to the age-old dilemma, 'How do we choose?'" --Charles Starnes, Wayland Baptist University
"I love the sixth edition's added emphasis on entrepreneurship as the concept is incredibly important to the development of the history of economic thought, yet goes missing in many modern treatments of economics." --Michael Clark, Hillsdale College
Most helpful customer reviews
24 of 26 people found the following review helpful.
A Terrific Textbook
By Donald J. Boudreaux
Ekelund-Hebert has long been recognized to be the finest undergraduate history-of-economic-thought textbook on the market. This recognition is very well-deserved. The book's coverage is full, the writing clear, and the economics first-rate.
10 of 10 people found the following review helpful.
Excellent text
By C.N. Steele
Four stars, because it isn't perfect; it's an excellent text, though. I've taught HET at the undergrad & grad level, in 4 countries, and E&H is by far the best undergrad text. They do a very nice job of tracing the development of economic thinking from the ancient Greeks to present. Their treatments of various theories tend *not* to be simplistic, yet are presented quite clearly; one can learn a fair amount of economics from this book.
They also are extremely fair in treating conflicting theories and schools of thought, perhaps too much so at times, but such fairness is extremely important when doing a historical treatment like this -- ideas need to be evaluated on their own terms, and in context, not simply evaluated purely from what we know now.
I could list many quibbles: almost no mention of Frank Knight, they misunderstand the importance and scope of the Methodenstreit (e.g. Pareto was heavily involved, it wasn't just Menger's personal feud with Schmoller), they ignore important ideas from the ancient Romans, nothing at all on ancient Chinese, Hebrews, Hindus, too little on Islam, and...
And these are all small points. It's a well written undergrad text: thorough, authoritative, written with a very enthusiastic tone, quite readable, includes an enormous number of suggestions for additional reading. If you want deep & detailed theoretical discussion, Blaug's "Economic Theory in Retrospect" is better. If you want pure entertainment, Skousen's book is better (can't recall the name). If you want a very good account of the development of economics, Ekelund & Hebert is your best choice.
(Why won't Amzon let me give it 4.5 stars?)
19 of 22 people found the following review helpful.
It is obvious that yongkad never read it.....
By Russell Widhalm
The consummate textbook on the History of Economic Theory. Ekelund and Hebert present a thorough examination of said history from the time of Plato to today, and present it in such a way that the material is easily read and understood.
This is the book I will be using when I teach History of Thought.
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