A History Of Economic Thought By V Lokanathan Pdf -

: While Western thought dominates, Lokanathan occasionally references Indian economic traditions (Kautilya’s Arthashastra ) and the economic dimensions of colonialism. This is rare in older history-of-thought texts and provides a valuable corrective.

The most direct way to get this book is to purchase a new or used copy. You can find it on various online platforms:

As industrialization spread, so did its critiques. Lokanathan comprehensively covers the rise of Socialist thought, culminating in the monumental theories of Karl Marx. The book breaks down Marx’s critique of capitalism, historical materialism, and the labor theory of value, explaining how these ideas reshaped global politics and economics. 5. The Marginalist Revolution and Neoclassical Economics a history of economic thought by v lokanathan pdf

The Great Depression of the 1930s shattered the Neoclassical belief that free markets automatically self-correct to maintain full employment. John Maynard Keynes fundamentally altered the discipline by arguing that aggregate demand drives economic activity. Lokanathan highlights how Keynesian economics justified active government intervention, deficit spending, and monetary manipulation to combat recessions and stabilize volatile business cycles. 6. Indian Economic Thought

Widely regarded as the father of modern economics, Smith introduced the concept of the "invisible hand" in The Wealth of Nations (1776). He argued that individuals pursuing self-interest inadvertently promote broader societal wealth through market competition. You can find it on various online platforms:

Before economics became a formal science, thinkers viewed material wealth through the lens of ethics and statecraft. Ancient and Medieval Foundations

"A History of Economic Thought" by V. Lokanathan is an invaluable resource for anyone seeking to understand the evolution of economic thought. The book's comprehensive coverage, clear explanations, and critical analysis make it an essential reading for students, researchers, and economists. With its PDF format readily available, readers can access this seminal work and gain a deeper understanding of the development of economics as a discipline. which are excellent revision tools.

Most academic institutions provide institutional access to digitized versions or physical copies of standard economics textbooks through their internal library portals.

: The PDF versions widely circulated include clear comparative tables (e.g., Classical vs. Marxian value, Keynes vs. Say’s Law), which are excellent revision tools.