This book delves into the development of economic theory in the late 19th and early 20th centuries, exploring influential economists and their contributions to modern economic thought. It examines the work of thinkers like Irving Fisher, Alfred Marshall, and Werner Sombart, highlighting their impact on subsequent theorists such as Joseph Schumpeter and John Maynard Keynes. The text discusses the evolution of concepts such as business cycles, monetary theory, and economic crises, emphasizing the historical and intellectual context of these ideas. The book is intended for scholars and students of economic history, providing a comprehensive analysis of foundational economic theories and their progression over time. |