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A companion to the history of economic thought
The purpose of this Companion is threefold: to introduce the history of economic thought, the interpretive problems facing historians of economic thought, and the work of historians of economic thought to interested and competent nonspecialists, including other economists, graduate students, advanced undergraduate students, and lay people (including noneconomists), as well as specialists seeking a review of a topic.
The design strategy for this Companion is simple and straightforward. The chapters comprising part I are historical surveys of major topics in the history of economic thought. Their purpose is to report on the present state of understanding and interpretation of those topics. That there is a history of understanding
and interpretation for each topic is an important point, one that leads to several of the topics of part II. These topics reflect a situation – much more evident in the work of historians of economics since, roughly, the early 1960s – in which it is recognized that the history of economic thought is laden with interpretation and is not, in important matters, self-evident. That history is socially constructed, embodying interpretive strategies that are either explicit or implicit in how historians of economic thought pursue their work. The result is that we have the history of economic thought (the history of ideas), the history of economics as a discipline (the sociology of economics and economists), and the history of the history of economic thought. Something of the latter two is presented in the chapters comprising the second part. All of the foregoing is preceded by an introduction to the variety of research styles of historians of economic thought (originally
prepared as a regular essay). Wm. Roger Louis writes that “historiography is, in a sense, the art of explaining why historians wrote as they did,” that “[i]n still another sense, historiography is the art of depicting historical controversy,” and that [h]istoriography may also be regarded as the way certain historians have left a mark on the subject”. These considerations surely apply to the present Companion.
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