Name: History of Economic Analysis
ISBN: 9781134838707

History of Economic Analysis

"At the time of his death in 1950, Joseph Schumpeter - one of the great economists of the first half of the 20th century - was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events." "Complete with a new introduction by Mark Perlman, who outlines the structure of the book and puts Schumpeter's work into current perspective. History of Economic Analysis remains a reflection of Schumpeter's diverse interest in history, philosophy, sociology, and psychology."--Publisher description.

What Hacker News says

AndrewKemendoSep 2016

The following list will introduce you to Western Economic Philosophy as it relates to modern history specifically. This list is weighted heavily toward neo-classical economics and does not get into computational model based economics - specifically microeconomics, which comprises the bulk of economics education today:

Schumpeter - History of economic analysis

Adam Smith - Theory of Moral Sentiments

Kaynes - The General Theory of Employment, Interest and Money

Marx - Capital

Benjamin Graham - The Intelligent Investor

Galbraith - The Affluent Society

Galbraith - The Great Crash

Milton Friedman - Capitalism and Freedom

Nassim Taleb - Black Swan

Ron Suskind - Confidence Men

Scott Patterson - Dark Pools

If you want to delve into heterodox economics afterward, start with the following:

Hayek - Individualism and Economic Order

Mises - Human Action

Rothbard - Man, Economy, State

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paganelNov 2023

For what it's worth Cybernetics did try to have a second life here in Eastern Europe going into the '70s and even past that, but the US/Silicon Valley pull was too powerful and by the '90s all of that had been left in the past (the communist governments here falling at the end of the '80s didn't help, of course).

I'm from Bucharest myself, and I live just a couple of blocks away from an institution called the Faculty of Cybernetics, meaning the computer-focused faculty of the local school/university of economics.

If I'm not mistaken, and I hope that I'm not, it had been set up sometime in the early '70s when many of the technocracy higher-ups in here were really into Cybernetics and into Wiener's works (some of which had been translated before Ceausescu fell, so when the communists were still in power). Most, if not all, of those technocrats were not engineers and also not "classical" computer-science people, afaik the majority of them were economists.

But, as a I said, when the '90s came the "classical" computer-science paradigm (and especially the engineering-focused part) took off for good, so that all that "side-quest" about Cybernetics was left in the past (apart from the some entities still being attached to it only by name).

The same can be said about the concept of linear programming as applied to economics and to economic forecasting, that is a quite cool concept that had been almost completely forgotten starting with the '90s but which now is having a small resurgence (I've "re-discovered" it myself by first reading about it in Schumpeter's History of Economic Analysis and then by going through a Soviet dictionary of economics published sometime in the '70s).

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eruJun 2021

https://www.theadvocates.org/2014/01/the-trickle-down-econom... suggests the opposite.

> “Years ago, this column challenged anybody to quote any economist outside of an insane asylum who had ever advocated this ‘trickle-down’ theory. Some readers said that somebody said that somebody else had advocated a ‘trickle-down’ policy. But they could never name that somebody else and quote them.”

> Further, Sowell notes: “The ‘trickle-down’ theory cannot be found in even the most voluminous scholarly studies of economic theories — including J.A. Schumpeter’s monumental History of Economic Analysis, more than a thousand pages long and printed in very small type.”

No judgement implied on the economic matters at hand. Just on the matter that 'trickle down economics' is not a position actually held by anyone as far as I can tell.

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paganelFeb 2021

I'm a computer programmer that has started reading Schumpeter's "History of economic analysis", but I think not even a guy like Schumpeter could have explained why at some point in 2019 more than $17 trillion were returning negative rates (and I don't think that sum has decreased by all that much).

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