FOURTH EDITION -------------------- History of Economic Thought FOURTH EDITION -------------------- History of Economic Thought Harry Landreth Centre College David C. Colander Middlebury College Houghton pany Boston Toronto Contents 1 Introduction 1 The Central Focus of Modern Economic Thought Divisions of Modern Economic Theory Terminology and Classification Our Approach to the History of Economic Thought Relativist and Absolutist Approaches Orthodox and Heterodox Economists The Role of Heterodox Economists Defining Heterodoxy How dissenting Economists Influence Economic Thought and the Profession Problems of Heterodox Economists The problem of Presenting Diversity Methodological Issues Economics as an Art and as a Science The Importance of Empirical Verification Benefits to Be Gained from the Study of the History of Economic Thought Key Terms Questions for Review and Discussion Suggested Readings Appendix for Chapter 1 The Profession of Economics and Its Methodology The Spread of Economic Ideas The Evolution of Methodological Thought 1 3 3 4 4 5 6 7 7 8 8 10 11 11 12 14 14 15 16 16 17 18 Contents iv The Rise of Logical Positivism The Logical Positivism to Falsificationism From Falsificationism to Paradigms From Paradigms to Research Programs From Research Programs to Sociological and Rhetorical Approaches to Method Postrhetorical Methodology PART ONE PRECLASSICAL ECONOMICS
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