Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

Karl Menger was born in Vienna on January 13, 1902, the only child of two gifted parents. His mother Hermione, nee Andermann (1870-1922), in addition to her musical abilities, wrote and published short stories and novelettes, while his father Carl (1840-1921) was the noted Austrian economist, one of the founders of marginal utility theory. A highly cultured man, and a liberal rationalist in the nine teenth century sense, the elder Menger had witnessed the defeat and humiliation of the old Austrian empire by Bismarck's Prussia, and the subsequent establishment under Prussian leadership of a militaristic, mystically nationalistic, state-capitalist German empire - in effect, the first modern "military-industrial complex. " These events helped frame in him a set of attitudes that he later transmitted to his son, and which included an appreciation of cultural attainments and tolerance and respect for cultural differences, com bined with a deep suspicion of rabid nationalism, particularly the German variety. Also a fascination with structure, whether artistic, scientific, philosophical, or theological, but a rejection of any aura of mysticism or mumbo-jumbo accompanying such structure. Thus the son remarked at least once that the archangels' chant that begins the Prolog im Himmel in Goethe's Faust was perhaps the most viii INTRODUCTION beautiful thing in the German language "but of course it doesn't mean anything.

From the ancients to the moderns, questions of economic theory and policy have been an important part of intellectual and public debate, engaging the attention of some of history’s greatest minds. This book brings together readings from more than two thousand years of writings on economic subjects. Through these selections, the reader can see first-hand how the great minds of past grappled with some of the central social and economic issues of their times and, in the process, enhanced our understanding of how economic systems function. This collection of readings covers the major themes that have preoccupied economic thinkers throughout the ages, including price determination and the underpinnings of the market system, monetary theory and policy, international trade and finance, income distribution, and the appropriate role for government within the economic system. These ideas unfold, develop, and change course over time at the hands of scholars such as Aristotle, St. Thomas Aquinas, John Locke, François Quesnay, David Hume, Adam Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, Karl Marx, William Stanley Jevons, Alfred Marshall, Irving Fisher, Thorstein Veblen, John Maynard Keynes, Milton Friedman, and Paul Samuelson. Each reading has been selected with a view to both enlightening the reader as to the major contributions of the author in question and to giving the reader a broad view of the development of economic thought and analysis over time. This book will be useful for students, scholars, and lay people with an interest in the history of economic thought and the history of ideas generally.

This 2005 book traces the history of economic thought from its prehistory to the present day.

Acclaim for the first edition: Backhaus s book is a good companion. Pablo Salvador Coderch, Indret A most valuable collection of papers serving to provide the reader both with an overview of some key areas in law and economics and with a biographical introduction to the work of some important, if also neglected, sources of scholarship in the discipline. Anthony I. Ogus, CBE, University of Manchester, UK This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas. Following a comprehensive introduction by the editor, the renowned contributors look in detail at several critical areas including: fundamentals of the law and economics approach private law and economics public law and economics labour law and economics regulation, taxation and public enterprise dispute resolution different sources of the law economic analysis of a legal problem classical authors in law and economics. Students and scholars interested in a comprehensive and rigorous overview of the field of law and economics will find this volume to be a unique and welcome resource. The Companion will also have a broad appeal amongst industrial economists and historians of economic thought.

Originally published in 1952, this seminal work is reproduced here with a new introduction by Professor Mark Perlman. The new introduction places this work in its contemporary context and highlights its importance for students ...?????