Preface to fifth edition

This is the fifth edition of a book that has been out now for more than thirty years. Why on earth should there be a new edition of a history of economic thought? Surely, the history of economic thought is not a subject like macroeconomics or industrial organisation in which the growth of new knowledge necessarily requires the periodic updating of textbooks? Surely, the interpretations of the great thinkers of the past have long ago been set in concrete?

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