Description

This unit looks at the major developments in economic analysis from the 18th century. The subject traces the historical development of the main schools of thought in economic theory. Philosophical, social and political factors that have affected the development of economic theory are also considered. Individual economists to whom attention is paid include Quesnay, Smith, Malthus, Ricardo, J.S. Mill, Marx, Jevons, Marshall, Keynes and Galbraith.