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A History of Contemporary Economic Theories

The Age of Fragmentation: A History of Contemporary Economic Thought by Alessandro Roncaglia, Cambridge: Cambridge University Press, 2019; pp x + 442, $39.99.

The increased specialisation visible in economics research has been intertwined with the gradual disappearance of the study of the history of economic thought from universities world­wide. However, perhaps ironically, the fragmentation or super-specialisation of economics research also contains within it the need to understand how these different research agendas might be understood in a coherent manner. Alessandro Roncaglia’s The Age of Fragmentation: A History of Contemporary Economic Thought (2019), the book under review, provides the readers with a clear analytical lens to understand the seemingly disparate and divergent streams of economics research which emerged after World War II. His previous book The Wealth of Ideas: A History of Economic Thought (2009) remains an important text in the domain of history of economic thought (HET hereafter) in particular and economics in general; a concise version of it was published in 2016 as A Brief History of Economic Thought (for my assessment, see Thomas 2019).

Theories of Value and Distribution

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Updated On : 24th Nov, 2020

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