A Search For Synthesis In Economic Theory

Author : Ching-Yao Hsieh,S.L. Magnum,Stephen L. Mangum
Publisher : Routledge
Page : 285 pages
File Size : 45,7 Mb
Release : 2019-09-25
Category : Business & Economics
ISBN : 9781315495071

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A Search for Synthesis in Economic Theory by Ching-Yao Hsieh,S.L. Magnum,Stephen L. Mangum Pdf

First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm , the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors.

Author : Ching-Yao Hsieh,Stephen L. Mangum
Publisher : Salt Lake City, Utah : Olympus Publishing Company
Page : 328 pages
File Size : 47,7 Mb
Release : 1983
Category : Comparative economics
ISBN : UCAL:B3909058

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A Search for Synthesis by Ching-Yao Hsieh,Stephen L. Mangum Pdf

Author : Jean Vercherand
Publisher : Springer
Page : 352 pages
File Size : 49,9 Mb
Release : 2014-06-25
Category : Business & Economics
ISBN : 9781137373618

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Labour by Jean Vercherand Pdf

Labour: A Heterodox Approach provides a theoretical reconstruction of the labour and job market by examining it in a rich historical context. It explores the fundamental implications of the theories of consumption and growth and aims at solving the difficulties raised by the dominant economic theories (neoclassical, Keynesian, supply side) by taking into account the dimension of the historical conflict of the labour market and the public intervention that results from it, such as the construction of a specific legal framework that is to say, labour law. The work focuses on providing a description of conflict and intervention, the market's leading characteristics, and demonstrates that they can be interpreted by introducing two major remedial hypotheses in economic fundamentals. It also contributes to solving several theoretical controversies and highlights the two main perspectives on the economic regulation of the labour market.

Author : Roberto Marchionatti
Publisher : Springer Nature
Page : 309 pages
File Size : 45,5 Mb
Release : 2020-05-20
Category : Business & Economics
ISBN : 9783030402976

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Economic Theory in the Twentieth Century, An Intellectual History - Volume I by Roberto Marchionatti Pdf

This book, set out over three volumes, provides a comprehensive history of economic thought in the 20th century with special attention to the cultural and historical background in the development of theories, to the leading or the peripheral research communities and their interactions or controversies, and finally to an assessment and critical appreciation of economic theories throughout these times. It takes as its subject matter the canon of publications by major thinkers who self-consciously conceived of themselves as 'economists' in the modern academic sense of the term. It is a history of how, when and where the discipline of Economics took root in major universities and scientific communities of economists, and evaluates the emergence of different 'schools' of thoughts. Volume I addresses economic theory in the golden age of capitalism. It considers the contributions of Marshall, Pareto, Wicksteed, Schmoller, Bohm-Bawerk, Schumpeter, Wicksell, Fisher, Veblen and other major thinkers, as well as the universities of Cambridge, Lausanne, Vienna, Berlin, and some others in US, before concluding with a look at the impact that the great war had on the discipline. This work provides a significant and original contribution to the history of economic thought and gives insight to the thinking of some of the major international figures in economics as shown in major works published across the last 130 years. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.

Author : Maria Brouwer
Publisher : Routledge
Page : 289 pages
File Size : 55,6 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9781136253126

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Organizations, Individualism and Economic Theory by Maria Brouwer Pdf

Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that twentieth century economic theory has marginalized individualism and organizational variety, and puts forward the case for a pluralist approach. This book represents a unique synthesis of business theory and economic theory, which pinpoints the problems with many current mainstream theories and sets out new agendas for research. Here, Maria Brouwer argues that market competition is not about adapting to changes from outside, but is driven by human motivation and goal directed behavior. This gives managerial skills, which do not traditionally have a significant place in mainstream economic theory, a key role. It also highlights the need for organizations that have a motivational culture and appreciate human capital. This differs from the traditional view of the firm as a production function dictated by technology. Brower argues that organizations should be depicted as voluntary associations of people that pursue goals of their own, while firms compete on markets, where relative performance determines their fate. This argument builds on older theories of innovation and market competition that live on in business school curricula, and paints a picture of an economy directed by individuals and firms. This signals a bold departure from standard economic thinking.

Author : Ching-Yao Hsieh,Meng-Hua Ye
Publisher : M.E. Sharpe
Page : 216 pages
File Size : 41,8 Mb
Release : 1991
Category : Business & Economics
ISBN : 0873327594

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Economics, Philosophy, and Physics by Ching-Yao Hsieh,Meng-Hua Ye Pdf

Cover -- Half Title -- Title -- Copyright -- Dedication -- Contents -- List of Figures -- Acknowledgments -- Introduction -- The Classical Greek World View -- Philosophy -- Science -- Economics -- The World View of Saint Thomas Aquinas -- St. Thomas's Philosophy -- The Scholastic Approach to Science -- St. Thomas's Economics -- The Disintegration of the Medieval World View -- Chapter 1 Newtonian Physics, Philosophy, and Economics -- Newton's Grand Synthesis -- Newton's Influence on the Enlightenment -- The Newtonian Heritage of Contemporary Economics -- Reductionism -- Linearity

Author : J. Vernon Henderson
Publisher : Academic Press
Page : 289 pages
File Size : 42,5 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781483294889

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Economic Theory and the Cities by J. Vernon Henderson Pdf

The Second Edition of Economic Theory and the Cities has been revised and expanded with both the graduate student and the practicing professional in mind. Providing a state-of-the-art synthesis of important theoretical topics in urban economics, the volume emphasizes the fundamental links between urban economics and new developments in mainstream economic theory. From the Preface: In this book I present what I believe to be the most important theoretical topics in urban economics. Since urban economics is a rather diffuse field, any presentation is necessarily selective, reflecting personal tastes and opinions. Given that, I note on what basis I chose the material that is presented and developed.First, the basic spatial model of a monocentric city is presented, since it lays the foundation for thinking about many of the topics in urban economics. The consideration of space and spatial proximity is one central feature of urban economics that distinguishes it from other branches of economics. The positive and negative externalities generated by activities locating in close spatial proximity are central to analysis of urban phenomena. However, in writing this book I have tried to maintain strong links between urban economics and recent developments in mainstream economic theory. This is reflected in the chapters that follow, which present models of aspects of the most important topics in urban economics--externalities, housing, transportation, local public finance, suburbanization, and community development. In these chapters, concepts from developments in economics over the last decade or so are woven into the traditional approaches to modeling these topics. Examples are the role of contracts in housing markets and community development; portfolio analysis in analyzing housing tenure choice and investment decisions; the time-inconsistency problem in formulating long-term economic relationships between communities, developers, and local governments; search in housing markets; and dynamic analysis in housing markets and traffic scheduling. The book ends with chapters on general equilibrium models of systems of cities, demonstrating how individual cities fit into an economy and interact with each other. This book is written both as a reference book for people in the profession and for use as a graduate text. In this edition, a strong effort has been made to present the material at a level and in a style suitable for graduate students. The edition has greatly expanded the sections on housing and local public finance so these sections could be studied profitably by a broad range of graduate students. Recommended prerequisites are an undergraduate urban economics course and a year of graduate-level microeconomic theory. It is possible that the book can be used in very advanced undergraduate courses if the students are well versed in microeconomics and are quantitatively oriented. Focus on the basic spatial model of the monocentric city Expanded sections on housing and local public finance Discussion of the critical role of spatial proximity of different economic activities, such as housing, transportation, and community development

Author : Dimitris Milonakis,Ben Fine
Publisher : Routledge
Page : 388 pages
File Size : 52,7 Mb
Release : 2009-01-13
Category : Business & Economics
ISBN : 9781134099436

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From Political Economy to Economics by Dimitris Milonakis,Ben Fine Pdf

Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy’s current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, especially economic history and sociology. It is argued that recent attempts from within economics to address the social and the historical have failed to acknowledge long standing debates amongst economists, historians and other social scientists. This has resulted in an impoverished historical and social content within mainstream economics. The book ranges over the shifting role of the historical and the social in economic theory, the shifting boundaries between the economic and the non-economic, all within a methodological context. Schools of thought and individuals, that have been neglected or marginalised, are treated in full, including classical political economy and Marx, the German and British historical schools, American institutionalism, Weber and Schumpeter and their programme of Socialökonomik, and the Austrian school. At the same time, developments within the mainstream tradition from marginalism through Marshall and Keynes to general equilibrium theory are also scrutinised, and the clashes between the various camps from the famous Methodenstreit to the fierce debates of the 1930s and beyond brought to the fore. The prime rationale underpinning this account drawn from the past is to put the case for political economy back on the agenda. This is done by treating economics as a social science once again, rather than as a positive science, as has been the inclination since the time of Jevons and Walras. It involves transcending the boundaries of the social sciences, but in a particular way that is in exactly the opposite direction now being taken by "economics imperialism". Drawing on the rich traditions of the past, the reintroduction and full incorporation of the social and the historical into the main corpus of political economy will be possible in the future.

Author : Christopher D. Mackie
Publisher : Routledge
Page : 168 pages
File Size : 50,5 Mb
Release : 2016-07-11
Category : Business & Economics
ISBN : 9781315502311

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Canonizing Economic Theory by Christopher D. Mackie Pdf

Historians of economic thought traditionally summarize, critique, and trace the development of existing theory. History of thought literature provides information about the authors, chronology, and relative importance of influential works. Generally missing from the literature, however, are answers to questions about why economic theory exists in its current form: Why have economists chosen the theories they have to represent the discipline's formal content? What are the criteria that determine the value of a theory, or of research in general; and, how have these criteria changed over time? In this insightful and well-written work, Christopher Mackie analyzes how ideas and theories are accepted in economics, from the pre-publication phase to the point at which, once written, a theory enters the accepted body of professional literature. Drawing from economics, the history of science, and philosophy, Mackie shows how both empirical and non-empirical criteria determine how theory will actually evolve.

Author : Robert B. Ekelund, Jr.,Robert F. Hébert
Publisher : Waveland Press
Page : 753 pages
File Size : 46,5 Mb
Release : 2013-08-30
Category : Business & Economics
ISBN : 9781478611066

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A History of Economic Theory and Method by Robert B. Ekelund, Jr.,Robert F. Hébert Pdf

Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and Hébert’s survey provides historical and international contexts for how economic models have served social needs throughout the centuries—beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and “experiments” in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants. The authors’ creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.

Author : John Hudson
Publisher : Routledge
Page : 183 pages
File Size : 43,7 Mb
Release : 2016-04-20
Category : Business & Economics
ISBN : 9781317225348

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Inflation by John Hudson Pdf

Originally published in 1982, this book begins with a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics. The author systematically integrates search, implicit contract, expectations and wage-bargaining theeoriees to outline a new and original synthesis. This synthesis and switching regimes model is then rigorously examined to see how well it can explain inflation the US and the UK.

Author : Matthew McCaffrey
Publisher : Routledge
Page : 269 pages
File Size : 43,6 Mb
Release : 2017-09-01
Category : Business & Economics
ISBN : 9781317207634

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The Economic Theory of Costs by Matthew McCaffrey Pdf

The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face. This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or “causal-realist” approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship. Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.

Author : Yasuma Takata,trans Douglas W Anthony
Publisher : Springer
Page : 217 pages
File Size : 53,8 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349240432

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Power Theory of Economics by Yasuma Takata,trans Douglas W Anthony Pdf

Yasuma Takata (1883-1971), nicknamed 'the Japanese Marshall' by Martin Bronfenbrenner, dominated sociology and then economics in Japan over a long period. In sociology he was known through his articles published in German, whilst as economist he remained rather unknown in the West, despite his work along the line connecting Walras, Bohm-Bawerk, Wicksell and Keynes. His scope is so wide as to view Marx critically and accommodate Veblen, Pareto, Schumpeter. Accepting the orthodox economic theory as a first approximation, he tried to introduce institutional factors and power relationships as a second approximation. This volume is edited so as to represent a synthesis of his economics and sociology.

Author : Wassily Leontief
Publisher : Routledge
Page : 424 pages
File Size : 45,6 Mb
Release : 2019-08-07
Category : Business & Economics
ISBN : 9781000676716

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Essays in Economics by Wassily Leontief Pdf

This work comprises the major papers of this extraordinary Nobel Laureate in economics. The common concern of the papers included in this volume is economic theory, its structure, uses, and abuses. As the late Harry G. Johnson said: "No one reading this volume can fail to be struck by the depth of scholarship Professor Leontief is capable of deploying and the profundity of his understanding of methodological problems of economic theory, and his critique of the work of other economists."

Author : David S. Wilson,Alan Kirman
Publisher : MIT Press
Page : 409 pages
File Size : 54,6 Mb
Release : 2016-08-19
Category : Business & Economics
ISBN : 9780262035385

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Complexity and Evolution by David S. Wilson,Alan Kirman Pdf

An exploration of how approaches that draw on evolutionary theory and complexity science can advance our understanding of economics. Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence. The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research. Contributors Robert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt