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This is a list of important publications in economics, organized by field. Some reasons why a particular publication might be regarded as important:
MacroeconomicsThe Wealth of Nations
Description: The book is usually considered to be the beginning of modern economics. It begins with a discussion of the Industrial Revolution. Later it critiques the mercantilism and a synthesis of the emerging economic thinking of his time. It is mostly known due to the idea of The Invisible Hand which is an often quoted phrase from the book. Its meaning is that people will unintentionally improve their community through pursuit of their own wants and needs. The Butcher, the Baker, and the Brewer provide goods and services to each other out of self-interest; the unplanned result of this division of labor is a better standard of living for all three. Importance: Topic creator, Breakthrough, Influence, Introduction Das Kapital
Description: Das Kapital is a political-economic treatise by Karl Marx. The book is a critical analysis of capitalism and of the political economy practices during his time. Marx bases his work on that of the classical economists like Adam Smith, David Ricardo, and even Benjamin Franklin. However, he applies these authors' ideas critically and carefully, so his book is more a critical synthesis than it follows the lead of any one thinker. Importance: Breakthrough, Influence
General Theory of Employment Interest and Money
Description: The General Theory of Employment Interest and Money is generally considered to be the masterwork of the English economist John Maynard Keynes. To a great extent it created the terminology of modern macro-economics. It was published in February 1936. The book ushered in a revolution, referred to as the "Keynesian Revolution", in the way economists and men in public affairs thought about the economy, and especially how they thought about the feasibility and wisdom of public sector management of the aggregate level of demand in the economy.
Microeconomicseconometricsbehavioral economicsexperimental economicsFinanceThe pricing of options and corporate liabilities
Description: The development of the Black-Scholes model for options pricing. Importance: Influence political economyThe Theory of Moral Sentiments
Description: The Theory of Moral Sentiments written by Adam Smith in 1759, is one of the most important works in the theory of capitalism. It provides the ethical, philosophical, psychological and methodological underpinnings to Smith's later works. Importance: Topic creator, Influence neuroeconomicsgreen economicsConsumer theoryProduction theoryIndustrial organizationTirole: The theory of Industrial Organisation Shy: Industrial Organization Pepal: Industrial Organisation Churche/Ware: Industrial organisation - a strategic appraoch Sutton: Sunk costs and industry structure Managerial economicsLabor economicsDevelopment economicsWelfare economicsThe Economics of Welfare
Description: Pigou was the one of the most influential economists that dealt with Welfare economics. He developed the idea of Pigovian tax. Importance: Topic creator, Breakthrough, Influence Transport economicsHealth economics
See alsoExternal links
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