Contending Economic Theories

Author : Richard D. Wolff,Stephen A. Resnick
Publisher : MIT Press
Page : 425 pages
File Size : 44,8 Mb
Release : 2012-09-07
Category : Business & Economics
ISBN : 9780262517836

Get Book

Contending Economic Theories by Richard D. Wolff,Stephen A. Resnick Pdf

A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

Author : Richard D. Wolff,Stephen A. Resnick
Publisher : MIT Press
Page : 425 pages
File Size : 47,6 Mb
Release : 2012-09-07
Category : Business & Economics
ISBN : 9780262304443

Get Book

Contending Economic Theories by Richard D. Wolff,Stephen A. Resnick Pdf

A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

Author : Richard D. Wolff,Stephen A. Resnick
Publisher : MIT Press (MA)
Page : 0 pages
File Size : 54,7 Mb
Release : 2012
Category : Comparative economics
ISBN : 0262018004

Get Book

Contending Economic Theories by Richard D. Wolff,Stephen A. Resnick Pdf

Rev. ed. of: Economics: Marxian versus neoclassical. Baltimore: Johns Hopkins University Press, c1987.

Author : Richard D. Wolff,Stephen A. Resnick
Publisher : Unknown
Page : 308 pages
File Size : 46,8 Mb
Release : 1987-08
Category : Business & Economics
ISBN : UOM:39015012804111

Get Book

Economics by Richard D. Wolff,Stephen A. Resnick Pdf

Economics: Marxian versus Neoclassical is an economics text with a difference--a concise, systematic comparison of the two major contending economic theories in the world today.

Author : Maurice Dobb
Publisher : Cambridge University Press
Page : 308 pages
File Size : 42,6 Mb
Release : 1975-04-17
Category : Business & Economics
ISBN : 0521099366

Get Book

Theories of Value and Distribution Since Adam Smith by Maurice Dobb Pdf

Mr Dobb examines the history of economic thought in the light of the modern controversy over capital theory and, more particularly, the appearance of Sraffa's book The Production of Commodities by Means of Commodities, which was a watershed in the critical discussions constituted a crucial turning-point in the history of economics: an estimate not unconnected with his reinterpretation of nineteenth-century economic thought as consisting of two streams or traditions commonly confused under the generic title of 'the classical tradition' against which Jevons so strongly reacted.

Author : James A. Caporaso,David P. Levine
Publisher : Cambridge University Press
Page : 258 pages
File Size : 54,7 Mb
Release : 1992-08-28
Category : Business & Economics
ISBN : 0521425786

Get Book

Theories of Political Economy by James A. Caporaso,David P. Levine Pdf

This exploration of some of the more important frameworks used for understanding the relationship between politics and economics includes the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered.

Author : Stephen A. Resnick,Richard D. Wolff
Publisher : University of Chicago Press
Page : 360 pages
File Size : 42,5 Mb
Release : 1989-07-15
Category : Business & Economics
ISBN : 9780226710235

Get Book

Knowledge and Class by Stephen A. Resnick,Richard D. Wolff Pdf

Author : Richard R. Nelson
Publisher : Harvard University Press
Page : 456 pages
File Size : 44,7 Mb
Release : 1985-10-15
Category : Business & Economics
ISBN : 0674041437

Get Book

An Evolutionary Theory of Economic Change by Richard R. Nelson Pdf

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Author : Friedrich List
Publisher : Cosimo, Inc.
Page : 249 pages
File Size : 42,7 Mb
Release : 2006-10-01
Category : Business & Economics
ISBN : 9781596059535

Get Book

National System of Political Economy - Volume 2: The Theory by Friedrich List Pdf

One of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith explores, in the three-volume National System of Political Economy, a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. In Volume 2, he delineates his theory of supportive interconnectedness, discussing everything from the value of the individual's ability to produce wealth to the edge established businesses have over new ones. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T bingen, but was later jailed and later exiled to America for his political views. His is also the author of Outlines of American Political Economy (1827).

Author : Klaus Hennings,Warren J. Samuels
Publisher : Springer Science & Business Media
Page : 290 pages
File Size : 45,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400921818

Get Book

Neoclassical Economic Theory, 1870 to 1930 by Klaus Hennings,Warren J. Samuels Pdf

Warren J. Samuels Each book in this series explores the present status of its field in terms of where it is, how it got there, the existing tensions within the field, and something of how the field might develop in the future. Each book presumes that work in each field is neither settled nor unequivocal. Each book attempts to comprehend its field as an evolving, developmental process or set or efforts. This particular book, covering neoclassical economics, is the third of three in the field of the History of Economic Thought. The others are Pre-Classical Economic Thought, edited by S. Todd Lowry, and Classical Political Economy, edited by William O. Thweatt. Each one conducts the same kind of analysis as the others in the series, with the understanding that here we are dealing with the history of interpretation, rather than a substantive body of analysis of a certain aspect of the economy: for example, labor or international trade. (That understanding must be com plex and subtle, inasmuch as revision of interpretation of earlier ideas is part of the process-both cause and consequence-of re-analyzing the economy. ) In this group we are interested in how recent and contemporary writers have interpreted the history of economic thought differently, both among themselves and from earlier writers. 1 NEOCLASSICAL ECONOMIC lHEORY 2 Several topics must be discussed to place such work in perspective, in part as it is here applied to the history of the interpretation of neoclassical economics.

Author : Richard Wolff,David Barsamian
Publisher : City Lights Books
Page : 194 pages
File Size : 49,9 Mb
Release : 2012-05
Category : Business & Economics
ISBN : 9780872865679

Get Book

Occupy the Economy by Richard Wolff,David Barsamian Pdf

From prominent economist Richard Wolff and David Barsamian, a hot-button primer on the taboo subject impacting most Americans today: the failure of capitalism to deliver public good.

Author : Mark Blaug
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 46,8 Mb
Release : 1990
Category : Business & Economics
ISBN : UCSC:32106009607398

Get Book

Economic Theories, True Or False? by Mark Blaug Pdf

'In sum, this is a well written and informed collection of essays on a wide range of topics in economic theory and the history of economic thought. the essays are thoughtful and well researched. . . ' - D. Wade Hands, Journal of Economic History

Author : Stephen A. Resnick,Richard D. Wolff
Publisher : Routledge
Page : 372 pages
File Size : 46,8 Mb
Release : 2013-12-16
Category : History
ISBN : 9781136704406

Get Book

Class Theory and History by Stephen A. Resnick,Richard D. Wolff Pdf

First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

Author : Alessandro Roncaglia
Publisher : Cambridge University Press
Page : 321 pages
File Size : 45,5 Mb
Release : 2017-09-14
Category : Business & Economics
ISBN : 9781107175334

Get Book

A Brief History of Economic Thought by Alessandro Roncaglia Pdf

A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.

Author : David F Ruccio
Publisher : Routledge
Page : 425 pages
File Size : 40,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781136911040

Get Book

Development and Globalization by David F Ruccio Pdf

Since the mid-1980s, David F. Ruccio has been developing a new framework of Marxian class analysis and applying it to various issues in socialist planning, Third World development, and capitalist globalization. The aim of this collection is to show, through a series of concrete examples, how Marxian class analysis can be used to challenge existing modes of thought and to produce new insights about the problems of capitalist development and the possibilities of imagining and creating noncapitalist economies. The book consists of fifteen essays, plus an introductory chapter situating the author’s work in a larger intellectual and political context. The topics covered range from planning theory to the role of the state in the Nicaraguan Revolution, from radical theories of underdevelopment to the Third World debt crisis, and from a critical engagement with regulation theory to contemporary discussions of globalization and imperialism.