PAPER -VI

CLASS - B A- III

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आर्थिक विचारांचा इतिहास

( HISTORY OF ECONOMIC THOUGHTS )

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प्रा.एन.व्ही.शिंदे (सहयोगी प्राध्यापक)

M.A.

Uses of Microeconomic Theories

Microeconomic theory explains the behaviour of various individual elements of of body economic and brings out the nature of interrelationship and interdependence between them.

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Microeconomic theories –

establish

cause-and-effect

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Introduction

• The man is the only creature in the world who is rational and thoughtful. Thoughts of human being may be of two types- problem- oriented and knowledge-oriented. The genesis and the development of many human sciences and have been problem biased. such as sociology , political science and economics. secondly there are other sciences, like philosophy and astronomy which may be called knowledge oriented and have been developed for the satisfaction of ones desire of gaining knowledge.it is with this view that plato called philosophy as the Child of wonder……Pigou called this classification of sciences gradually fruit bearing science and light bearing science.

Unit -I

Definition and Scope of History of Economic Thought.

Part-I

Ancient and Medieval Economic Thought

• Ancient Economic Thought
• …. The Herbrews , The Greeks and the Romans
• Medieval Economic Thought

• Part-II
• Dr. Marshals Theory
• Prof. Keyns Theory

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