Development Of Economic Thought / Olaniyi, Olayiwola Olubodun , Victor Adeyeye Abimbola

Dedication v Foreword vii Preface ix 1. History of Economic Thought 1 1.1. History of Economic Thought 1.2. Economic History 1.3. Why Study History of Economic Thought? 1.4. Schools of Economic Thought 1.5. Ancient Economic Thought 1.6. Economic Ideas of Aristotle 1.7. Compare and Contrast Aristotles and Platos Ideal State 2. The Analytical Contributions of Mercantilists to the Economic Theory 15 2.1. The Analytical Contributions of Mercantilists to the Economic Theory 2.2. Important Mercantilist Writers 2.3. Criticism of Mercantilism 2.4. The Basic Principles of Physiocracy 2.5. Physiocratic Doctrines 2.6. The Physiocratic School 3. Classical, Socialist and Marxian School 29 3.1. Classical, Socialist and Marxian School 4. The Classical Labour Theory of Value 45 4.1. The Classical Labour Theory of Value 4.2. Malthus (Thomas Robert Malthus) 4.3. Theory of Glut 4.4. J.S. Mill 4.5.
Socialists 4.6. Important Utopian Socialists 5. Marxian Political Economy 75 5.1. Marxian Political Economy 5.2. Economic Ideas of Marx 5.3. The Importance of the Study of Marxian Economics 5.4. Marxian Political Economy: Theory of Capitalist Crisis 6. Difference between Classical and Neoclassical Approach 99 6.1. Difference between Classical and Neoclassical Approach 6.2. Friedrich List 6.3. Important Economic Ideas of Veblen 6.4. Vilfredo Pareto (18481923) 7. Arthur Cecil Pigou (18771939) 115 7.1. Arthur Cecil Pigou (18771939) 7.2. Elasticity of Demand for Labour 7.3. Dynamic Theory of Production 8. Alfred Marshall: His Importance in Neoclassical Economics 129 8.1. Alfred Marshall: His Importance in Neoclassical Economics 8.2. Production and Long-Period Competitive Supply 9. Monetary Theory 141 9.1. Monetary Theory 9.2. The Aggregative Strand of Marshalls Thought 9.3. Marshall and Economic Policy 10. Neoclassical Economics 149 10.1. Neoclassical Economics 10.2. Important Ideas of Institutionalism 10.3. Rate of Interest 10.4. New Classical Macroeconomics 11. New Classical Macroeconomics 165 11.1. New Classical Macroeconomics 11.2. Rational Expectations School 11.3. Indian Economic Thought 12. Modern Indian Economic Thought 177 12.1. Modern Indian Economic Thought 12.2. Relevance of Gandhian Economic Thought to India 13. Prominent Indian Economists 189 13.1. Prominent Indian Economists 14. Dialectical Materialism 199 14.1. Dialectical Materialism 14.2. Marxian Theory of Disintegration of Capitalism 14.2. Lists Theory of National Economics 15. Thornstein Veblen 211 15.1. Thornstein Veblen 15.2. Production and Long-Period Competitive Supply 15.3. Welfare Economics 15.4. Inter-related Market and Distribution Theory 15.5. Monetary Theory 16. International Trade 223 16.1. International Trade 16.2. The Aggregative Strand of Marshalls Thought 16.3. Marshall and Economic Policy 16.4. Keynesian Economics 17. Rate of Interest 231 17.1. Rate of Interest 17.2. Keynes as a Critic of Classical Economics 17.3. Rational Expectations School 17.4. Criticisms of Rational Expectations School 18. Economics of Caste System 241 18.1. Economics of Caste System 18.2. Internatoinal Trade Contents 18.3. Models of International Trade 18.4. Reality and Applicability of the Heckscher-Ohlin Model 18.5. New Trade Theory 19. Economic Ideas of St. Thomas Aquinas 249 19.1 Economic Ideas of St. Thomas Aquinas 20. Economic Ideas of Iben Khaldun 259 20.1. Economic Ideas of Iben Khaldun 20.2. Criticisms of Marxs Theory 20.3. Nigeria Experience: Overview of Economy References 267 Index 279

'This book is the outcome of 33 years of research experience of different research works conducted by the authors and other colleagues. The contents of the book covers the syllabus on the subject matters related to both social sciences and applied sciences research.\nThis book is design to create awareness about the emergency trends in agriculture designing, developing new economics process to the target peoples and provide a platform for forthcoming researchers.'