Young’s Estimate of His Contemporaries and Earlier Economists

Ramesh Chandra

Chapter 9 in Allyn Abbott Young, 2020, pp 261-301 from Palgrave Macmillan

Abstract: Abstract Young commented on many of his contemporaries and earlier economists. Young reviewed Keynes’s The Economic Consequences of the Peace, Edgeworth’s Papers Relating to Political Economy, Pigou’s Wealth and Welfare, Fisher’s Making of Index Numbers and Jevons’s Theory of Political Economy. He also corrected many of the notions of neoclassicals such as Marshall, Pigou and Fisher. He was highly critical of the abstract general equilibrium systems of Walras and Pareto which had little bearing on the practical problems of economic life. Marshall’s approach, on the other hand, was more practical. He appreciated Counot’s treatment of imperfect competition and Ricardo’s theory of rent.

Date: 2020
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DOI: 10.1007/978-3-030-31981-6_9

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