Economic thought evolves over time from "summary" of The Making of Economic Society by Robert L. Heilbroner,William Milberg
The evolution of economic thought is a central theme in the history of economic theory. Throughout the centuries, economists have grappled with fundamental questions about the nature of economic relationships and the workings of the economy. These questions have given rise to a rich and diverse body of economic thought that has evolved over time in response to changing economic conditions and intellectual developments.
The history of economic thought is marked by a series of intellectual revolutions, in which new ideas and theories have challenged established ways of thinking about economic issues. These revolutions have often been sparked by major economic events, such as the Industrial Revolution or the Great Depression, which have forced economists to reevaluate their assumptions and theore...
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