Publisher's Synopsis
This wide-ranging study of political economic theory, designed for A level economics students and undergraduates, traces the development of economics as a social science, from Adam Smith and John Stuart Mill through to Friedman and the Neo-Liberals.;Devoting a separate chapter to each school of thought, Cormick shows how macroeconomic theory has evolved and adapted in response to changes in the socio-economic climate. He examines the strands that currently feed into the mainstream and takes a critical look at its future role in world politics. The result is an historical survey that aims to be a valuable contribution to standard literature in the field.
