Volume I contains papers on the classical and neoclassical schools of economic thought. Many of those papers are relevant for current economic studies and all of them reveal how classical and neoclassical economics had an impact on subsequent doctrinal or practical developments.

The history of economic thought does not stand still and, like other fields of study, it experiences outbursts of new interpretations and revised perspectives. Mark Blaug - one of the most important historians of economic thought of his generation - has prepared an authoritative collection which reflects the fresh currents that have been blowing through the history of economic thought in recent years. The volume successfully conveys the many types and models of analysis that characterise the modern history of economic thought. Professor Blaug's masterful selection will be essential reading for all instructors, researchers and students of the history of economic thought.

Beginning with a re-evaluation of mercantilism, this volume continues with papers on stoicism in the work of Adam Smith, Smith's use of the word natural, a game-theoretical evaluation of the Theory of Moral Sentiments and Wealth of Nations, a textual reinterpretation of Smith's wage theories and the important role of institutions in J.S. Mill's economic analysis. The papers in this collection cover both Smithian classicism and the Ricardo-Marx-Sraffa classicism which is represented here by four papers on the work of Krishna Bharadwaj, a contemporary interpreter of this variant of the classical tradition.