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The Academic Scribblers offers a thoughtful and highly literate summary of modern economic thought. It presents the story of economics through the lives of twelve major modern economists, beginning with Alfred Marshall and concluding with Paul Samuelson and Milton Friedman. In a very real sense, this book picks up where Robert Heilbroner's classic The Wordly Philosophers leaves off. Whereas Heilbroner begins with Smith and ends with Joseph Schumpeter, Breit and Ransom bring the story of modern American and British economic theory up to the 1980s. The Academic Scribblers is an elegant summary of modern economic policy debate and an enticement into a happy engagement with the "dismal science" of economics."

Originally published in 1998.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Table of Contents

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  1. Cover
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  1. Title Page, Copyright, Quote
  2. pp. i-vi
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  1. Contents
  2. pp. vii-viii
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  1. Foreword
  2. Robert M. SoIow
  3. pp. ix-xii
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  1. Preface to the First Edition
  2. pp. xiii-xiv
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  1. Preface to the Second Edition
  2. pp. xv-xviii
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  1. 1. Introduction
  2. pp. 1-4
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  1. I. The Pillars of Neoclassical Economics
  2. p. 5
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  1. 2. The Intellectual Gantry of Neoclassical Economic Policy
  2. pp. 6-17
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  1. 3. Alfred Marshall—Exemplar of Neoclassical Economic Thought
  2. pp. 18-28
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  1. II. The Eclipse of Neoclassical Economics
  2. p. 29
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  1. 4. Thorstein Veblen—The Abrogation of Consumer Sovereignty
  2. pp. 30-41
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  1. 5. Arthur Cecil Pigou—Externalities in Production
  2. pp. 42-51
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  1. 6. Edward Hastings Chamberlin—The Wastes of Competition
  2. pp. 52-63
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  1. 7. John Maynard Keynes—Unemployment in Equilibrium
  2. pp. 64-78
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  1. III. The New Economics
  2. p. 79
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  1. 8. Alvin H. Hansen—The American Keynes
  2. pp. 80-105
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  1. 9. Paul A. Samuelson—From Economic Wunderkind to Policymaker
  2. pp. 106-135
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  1. 10. Abba P. Lerner—The Artist as Economist
  2. pp. 136-159
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  1. 11. John Kenneth Galbraith—Economist as Social Critic
  2. pp. 160-190
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  1. IV. The New Neoclassicism
  2. p. 191
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  1. 12. Frank H. Knight—Philosopher of the Counterrevolution in Economics
  2. pp. 192-205
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  1. 13. Henry C. Simons—Radical Proponent of Laissez-faire
  2. pp. 206-221
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  1. 14. Milton Friedman—Classical Liberal as Economic Scientist
  2. pp. 222-262
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  1. 15. Conclusion
  2. pp. 263-266
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  1. Afterword: The Academic Scribblers after Twenty-Five Years
  2. pp. 267-274
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  1. Name Index
  2. pp. 275-277
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  1. Subject Index
  2. pp. 278-282
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