The History Of Western Economics.ppt

The History Of Western Economics Chen Ciyun the development of Western economics history including three periods Ancient and medieval western economic theory (4th century BC to the 15th century) The formation and development of modern western economics theory (16th century to the 1860 s) The formation and development of Modern western economics system (1870s to 1930s) Ancient and medieval western economic theory : (The 4 th century BC to the 15th century) The economics first originated in ancient Greece, In the 4th century BC to the 11th century , The ancient Greek and Roman slavery farm economy developed quickly,a small number of sample commodity exchange have existed. The formation and development of modern western economics theory : (16th century to the 1860s) The formation and development of modern western economics theory is most refers The formation and development and changes of the classical bourgeois economics.But , these is Mercantilism economic formation and development period before bourgeois classical economics arise . the formation and development of Modern western economics system : ( 1870s to 1930s) It is called Neo-classical economics during 1870s to 1930s. It an important event that occurred in 1871 to 1874 economic circles as a starting point. that is the “Marginal revolution”. The Neo-classical economics main different from classical economics is that make labor value theory for subjectival value and changes Marginal utility theory of value, introduction of marginal analysis in mathematics, Stressed that the supply and production to the emphasis on demand and consumption. The six revolution of Modern western economics development history In 1776s，Adam Smith’s masterpiece become the fisrt revolution in Modern western economics development history The arised Marginalist revolution after 1870s is the second revolution in Modern western economics development history. In 1930s, Keynes revolutionary is third revolution in Modern western econo