Wealth: A Brief Explanation of the Causes of Economic Wealth

Wealth: A Brief Explanation of the Causes of Economic Wealth – Edwin Cannan

Edwin Cannan was not only a British economist and historian of economic thought, but also a professor at the London School of Economics. In this book he has managed to make room for some very fundamental matters which are often ignored in general treatises of moderate length. He refers especially to the hereditary character of inequalities of income, the inferiority of women’s earnings, and the differences in the wealth of different “countries” or “nations.”

Wealth: A Brief Explanation of the Causes of Economic Wealth

Wealth: A Brief Explanation of the Causes of Economic Wealth

Format: Paperback.

Wealth: A Brief Explanation of the Causes of Economic Wealth.

ISBN: 9783849676643.

Available at amazon.com and other venues.

 

Biography of Edwin Cannan (from Wikipedia):

Edwin Cannan (3 February 1861, Funchal, Madeira – 8 April 1935, Bournemouth), the son of artist Jane Cannan, was a British economist and historian of economic thought. He was a professor at the London School of Economics from 1895 to 1926.

As a partisan of Jevonianism, Edwin Cannan is perhaps best known for his logical dissection and destruction of Classical theory in his famous 1898 tract History of the Theories of Production and Distribution. Although Cannan had personal and professional difficulties with Alfred Marshall, he was still “Marshall’s man” at the LSE from 1895 to 1926. During that time, particularly during his long stretch as chairman after 1907, Edwin Cannan shepherded the LSE away from its roots in Fabian socialism into tentative Marshallianism. This period was only to last, however, until his protégé, Lionel Robbins, took over with his more “Continental” ideas.

Though Cannan, in his early years as an economist, was a critic of classical economics and an ally of interventionists, he moved sharply to the side of classical liberalism in the early 20th century. He favored a simplicity, clarity, and common sense in the exposition of economics. According to Geoffrey M. Hodgson, Cannan “emphasised the institutional foundation of economic systems”.

 

(The text of the last section was taken from a Wikipedia entry and is available under the Creative Commons Attribution-ShareAlike License.)

 

Publisher’s Note: This book is printed and distributed by Createspace a DBA of On-Demand Publishing LLC and is typically not available anywhere else than in stores owned and operated by Amazon or Createspace.

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