The Great Depression and Keynes's definition of economic concepts made it difficult for modern economists to appreciate the classical insights. This book clarifies the classical explanations to resolve the continuing disputes.
Here respected economists assess John Rae's contributions to economics in areas such as economic methodology, the history of technology, conspicuous consumption, and the theory of capital and technical change.
These essays, written between 1910-1950, were primarily commemorative pieces marking the achievement of a celebrated economist. This classic work includes articles on Marx, Walras, Menger, Pareto, Bohm-Bawerk, and Keynes, amongst others.
Touching on themes such as capital theory, expectations, policy, market theory and the history of economic thought, this volume centres on the relationship between Austrian and Swedish economics, and should appeal across a wide range of disciplines with economics as well as the philosophy of social science.