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A History of Economic Thought by is a cornerstone textbook for students of economics in India and a significant resource for anyone interested in how economic theory has evolved over centuries. Published by S. Chand Publishing , this book is renowned for its academic rigor, comprehensive coverage, and lucid explanations of complex ideas.
The book begins with the birth of systematic economic thought. Lokanathan explains the mercantilist obsession with bullion (gold/silver) and favorable trade balances. He then transitions to the Physiocrats—the French thinkers who argued that land, not trade, is the source of all wealth. The famous maxim "Laissez-faire, laissez-passer" is dissected here. a history of economic thought by v lokanathan pdf
Each chapter often focuses on a particular school or individual economist, making it easy for students to grasp key contributions.
Instead of presenting isolated biographies, the text explicitly demonstrates how one generation of economists built upon, modified, or revolted against the ideas of their predecessors. related to Indian economic thought in his work
The late 18th century shifted economics into a formal, structured academic discipline. Adam Smith (1723–1790)
The following essay outlines the core themes and historical shifts discussed in Lokanathan’s work. Published by S
This guide explores the key features, themes, and significance of this text, helping you understand why it remains a popular choice for students researching the history of economic thought.
Recent developments in economic theory. Conclusion
Reviewers on Amazon India note it uses simple, easy-to-understand language suitable for competitive exam aspirants (like Civil Services).
The contributions of Plato, Aristotle, and the Roman influence on trade and property.