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An introduction to the life, work and ideas of the people who have shaped the economic landscape from the sixteenth century to the present day. Now in a third edition, it considers how major economists might have viewed challenges such as the continuing economic slump, high unemployment and the sovereign debt problems which face the world today, it includes entries on: Paul Krugman Hyman Minsky John Maynard Keynes Adam Smith Irving Fisher James Buchanan Fifty Major Economists contains brief biographical information on each f.

Takes exception with descriptions of Frederic Bastiat (1801-1850) as a third-rate theorist to argue that he was both a fine economist & a good political scientist. Consideration is given to Bastiat's ideas about method, the economic order, law, distribution, value, & money. He believed in the existence of universal laws in political economy & the importance of method in economics. The compatibility of Bastiat's thinking with libertarianism is explored, along with his emphasis on harmony between economics, politics, & ethics even though he acknowledged that human interests can sometimes be based on evil. Other matters considered include Bastiat's meaning of harmony in relation to the law & the market; his aversion to excessive government spending; his description of value as "in service" (human actions carried out for others); & his theory that legitimacy is arrived at from the exchange of services, not labor. Bastiat's view of economics as the science of activity/reciprocal services & his predictions that have come to pass are discussed. J. Lindroth