History of Economic Thought

    Understanding how economists conceived of the economy and of economic problems in different periods and settings allows current economists to resurrect valuable theoretical insights. These inform a new economic thinking that responds to the challenges of our own time.

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    George Soros: The Living History of the Last 30 years

    Economic theory has modeled itself on theoretical physics. It has sought to establish timelessly valid laws that govern economic behavior and can be used reversibly both to explain and to predict events. Read more