The Crisis Of Vision In Modern Economic Thought

Author : Robert L. Heilbroner,William S. Milberg
Publisher : Cambridge University Press
Page : 148 pages
File Size : 54,9 Mb
Release : 1996-01-26
Category : Political Science
ISBN : 0521497140

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The Crisis of Vision in Modern Economic Thought by Robert L. Heilbroner,William S. Milberg Pdf

A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--a set of widely shared political and social preconceptions--on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.

Author : Robert Louis Heilbroner,William Milberg
Publisher : Unknown
Page : 125 pages
File Size : 44,5 Mb
Release : 1995
Category : Economics
ISBN : OCLC:60282039

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Crisis of Vision in Modern Economic Thought by Robert Louis Heilbroner,William Milberg Pdf

Author : Robert Louis Heilbroner
Publisher : Unknown
Page : 0 pages
File Size : 41,8 Mb
Release : 1996
Category : Economics
ISBN : OCLC:60282039

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Crisis of Vision in Modern Economic Thought by Robert Louis Heilbroner Pdf

Author : William Milberg,Deborah Winkler
Publisher : Cambridge University Press
Page : 128 pages
File Size : 48,5 Mb
Release : 2013-04-29
Category : Business & Economics
ISBN : 9781107355224

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Outsourcing Economics by William Milberg,Deborah Winkler Pdf

Outsourcing Economics has a double meaning. First, it is a book about the economics of outsourcing. Second, it examines the way that economists have understood globalization as a pure market phenomenon, and as a result have 'outsourced' the explanation of world economic forces to other disciplines. Markets are embedded in a set of institutions - labor, government, corporate, civil society, and household - that mold the power asymmetries that influence the distribution of the gains from globalization. In this book, William Milberg and Deborah Winkler propose an institutional theory of trade and development starting with the growth of global value chains - international networks of production that have restructured the global economy and its governance over the past twenty-five years. They find that offshoring leads to greater economic insecurity in industrialized countries that lack institutions supporting workers. They also find that offshoring allows firms to reduce domestic investment and focus on finance and short-run stock movements.

Author : Jürgen Georg Backhaus
Publisher : Springer
Page : 0 pages
File Size : 48,9 Mb
Release : 2014-01-25
Category : Business & Economics
ISBN : 1489994734

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Handbook of the History of Economic Thought by Jürgen Georg Backhaus Pdf

This reader in the history of economic thought challenges the assumption that today’s prevailing economic theories are always the most appropriate ones. As Leland Yeager has pointed out, unlike the scientists of the natural sciences, economists provide their ideas largely to politicians and political appointees who have rather different incentives that might prevent them from choosing the best economic theory. In this book, the life and work of each of the founders of economics is examined by the best available expert on that founding figure. These contributors present rather novel and certainly not mainstream interpretations of the founders of modern economics. The primary theme concerns the development of economic thought as this emerged in the various continental traditions including the Islamic tradition. These continental traditions differed substantially, both substantively and methodologically, from the Anglo-Saxon orientation that has been dominant in the last century for example in the study of public finance or the very construct of the state itself. This books maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries, explaining and demonstrating the underlying unity amid the surface diversity. In particular, the book emphasizes the writings of John Stuart Mill, his predecessor David Ricardo and his follower Jeremy Bentham; the theory of Marginalism by von Thünen, Cournot, and Gossen; the legacy of Karl Marx; the innovations in developmental economics by Friedrich List; the economic and monetary contributions and “struggle of escape” by John Maynard Keynes; the formidable theory in public finance and economics by Joseph Schumpeter; a reinterpretation of Alfred Marshall; Léon Walras, Heinrich von Stackelberg, Knut Wicksell, Werner Sombart, and Friedrich August von Hayek are each dealt with in their own right.

Author : Athol Fitzgibbons
Publisher : Unknown
Page : 236 pages
File Size : 54,5 Mb
Release : 1988
Category : Business & Economics
ISBN : STANFORD:36105038446063

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Keynes's Vision by Athol Fitzgibbons Pdf

In this readable yet scholarly reevaluation of the thought of John Maynard Keynes, Fitzgibbons traces the great economist's vision as it developed from his early philosophical writings (including many unpublished or neglected works) through the Collected Writings. Focusing on how Keynes understood significant political and economic matters, Fitzgibbons charts the evolution of his system of political economy, provides fresh insights into his approach to economic policy, and challenges the view of Keynes as a political liberal.

Author : Robert Chernomas,Ian Hudson
Publisher : University of Toronto Press
Page : 216 pages
File Size : 46,8 Mb
Release : 2016-06-16
Category : Business & Economics
ISBN : 9781442620186

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Economics in the Twenty-First Century by Robert Chernomas,Ian Hudson Pdf

Economics has always been nicknamed the “dismal science,” but today the field seems a little more dismal than usual as governments, social movements, and even students complain that the discipline is failing to make sense of the major economic problems of the day. In Economics in the Twenty-First Century, Robert Chernomas and Ian Hudson demonstrate how today’s top young economists continue to lead the field in the wrong direction. The recent winners of the John Bates Clark medal, economics’s “baby Nobel,” have won that award for studying important issues such as economic development, income inequality, crime, and health. Examining their research, Chernomas and Hudson show that this work focuses on individual choice, ignores the systematic role of power in the economic system, and leads to solutions that are of limited effectiveness at best and harmful at worst. An accessible summary of the latest debates in economics, Economics in the Twenty-First Century takes on what is missing from mainstream economics, why it matters, and how the discipline can better address the key concerns of our era.

Author : Mariana Mazzucato
Publisher : Penguin UK
Page : 384 pages
File Size : 53,7 Mb
Release : 2018-04-26
Category : Business & Economics
ISBN : 9780241188828

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The Value of Everything by Mariana Mazzucato Pdf

Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight. In modern capitalism, value-extraction - the siphoning off of profits, from shareholders' dividends to bankers' bonuses - is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. We misidentify takers as makers, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed. Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - to radically transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Who is creating it, who is extracting it, and who is destroying it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic: that works for us all. The Value of Everything will reignite a long-needed debate about the kind of world we really want to live in.

Author : Yanis Varoufakis,Joseph Halevi,Nicholas Theocarakis
Publisher : Routledge
Page : 543 pages
File Size : 40,8 Mb
Release : 2012-03-29
Category : Business & Economics
ISBN : 9781136814747

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Modern Political Economics by Yanis Varoufakis,Joseph Halevi,Nicholas Theocarakis Pdf

Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.

Author : Edward Fullbrook
Publisher : Anthem Press
Page : 513 pages
File Size : 40,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781843312475

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Real World Economics by Edward Fullbrook Pdf

An engaging, important text calling for the reform of economics and pushing for the discipline to become an honest and effective tool for democracy.

Author : Andriana Vlachou
Publisher : Springer
Page : 288 pages
File Size : 51,8 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349277148

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Contemporary Economic Theory by Andriana Vlachou Pdf

Leading international scholars challenge neoliberalism on its assumptions, way of reasoning and empirical evidence. In particular, they discuss critically, from the standpoint of radical perspectives, the issues of limiting the state and privatization, inflation and unemployment, and the possibility of a socialist society. They also discuss the current project for the monetary and economic union (EMU) of Europe, considered as an application of neoliberalism. They assess and question the internal market, the common currency and central bank independence; and investigate alternatives to the EMU project and the marketization agenda.

Author : M. Watson
Publisher : Springer
Page : 108 pages
File Size : 43,8 Mb
Release : 2014-01-17
Category : Political Science
ISBN : 9781137385499

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Uneconomic Economics and the Crisis of the Model World by M. Watson Pdf

What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.

Author : M. Carroll
Publisher : Springer
Page : 117 pages
File Size : 49,5 Mb
Release : 1998-01-12
Category : Business & Economics
ISBN : 9780230372511

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A Future of Capitalism: The Economic Vision of Robert Heilbroner by M. Carroll Pdf

This book provides an intellectual portrait of Robert Heilbroner. It traces the development of his work and places it within the literature of economic thought. The book finds that Heilbroner is a writer of political economy in the classical sense. His work is more reminiscent of Smith or Marx than of contemporary economic theorists. Heilbroner's economics is built on a solid foundation of social psychology, evolutionary dynamics and human history. This holistic approach affords Heilbroner a wide latitude to define the economic process and the discipline that studies it.

Author : Anonim
Publisher : Springer
Page : 7493 pages
File Size : 46,5 Mb
Release : 2016-05-18
Category : Law
ISBN : 9781349588022

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The New Palgrave Dictionary of Economics by Anonim Pdf

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Author : Warren Mosler
Publisher : Davin Patton
Page : 63 pages
File Size : 52,9 Mb
Release : 2010
Category : United States
ISBN : 9780692009598

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Seven Deadly Innocent Frauds of Economic Policy by Warren Mosler Pdf

"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.