John A. Hobson: Critical Assessments of Leading Economists

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John Atkinson Hobson was once a controversial figure in the history of economic thought. His first book (The Physiology of Industry ) lost him two university lecturing posts, which Hobson later describes as as a result of ‘an Economics Professor who had read my book and thought to be it as equivalent to an attempt to prove the flatness of the earth’.
Hobson received a similar reception from the remainder of his peers. As an advocate of an it appears wrong theory of over-saving, a critic of the orthodox theory of distribution, and a proponent of a theory of imperialism which was once later taken up by Lenin, Hobson was once usually condemned as a heretic by the remainder of the economic establishment.
His fortunes changed, relatively belatedly, in 1936, when Keynes paid tribute to Hobson’s work in The General Theory as anticipating his own theory that society can, under some circumstances, save too large a proportion of its source of revenue – thrift then being a vice, not a virtue.
Hobson’s influence was once international and the have an effect on of his writings was once widespread. This collection will provide scholars with an invaluable resource in their ongoing evaluation of Hobson’s contribution to economic, social and political thought.

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