Physiocracy and The History of Economic Thought
Pressman's work has sought to explain the Physiocratic model of the macro-economy (see Physiocracy), and to argue that the Tableau Économique is a consistent economic model. He has shown how this model can be used to deal with the contemporary economic problems such as the productivity slowdown and appropriate tax policy. Finally, he has shown how this model is consistent with the models of contemporary schools of thought such as Post-Keynesian economics.
His book, 50 Major Economists, 2nd ed. (Routledge, 2006) brings the ideas of key economists from the past to a more general audience.
Read more about this topic: Steven Pressman (economist)
Famous quotes containing the words history, economic and/or thought:
“The principal office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
—Tacitus (c. 55–c. 120)
“The bourgeois takes economic power very seriously, and often worships it quite unselfishly.”
—Nicolai A. Berdyaev (1874–1948)
“I thought I could swing it.”
—Calvin Coolidge (1872–1933)