Conclusion: New Ideas from Fascinating People
Conclusion: New Ideas from Fascinating People
This chapter begins with a synthesis of the discussions in the preceding chapters, which detailed the considerable legacy selected 17th- to early 19th-century writers left to macroeconomics. Drawing together the ideas of the selected economists yields a formidable list of contributions that they made in providing a skeletal framework for modern macroeconomics. The chapter then analyzes the weaknesses and wrong directions taken by the authors presented in this book.
Keywords: macroeconomic ideas, economists, Sir William Petty, John Law, Richard Cantillon, François Quesnay, David Hume, Anne Robert Jacques Turgot, Henry Thornton
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