The Nature And Essence Of Economic Theory

Author : Joseph A. Schumpeter
Publisher : Routledge
Page : 432 pages
File Size : 47,5 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351478939

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The Nature and Essence of Economic Theory by Joseph A. Schumpeter Pdf

Joseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition. Here, readers will discover Schumpeter's search for an economic science devoid of moral or political dogma. The Nature and Essence of Economic Theory works out what people should think of pure economics, what its nature is, what its methods and findings are, and where thought takes off from there. The book shows the limitations and weaknesses of nineteenth-century economics and how the field could be and was improved by establishing a fundamental differentiation between 'statistics' and 'dynamics'. To convey his arguments, Schumpeter uses certain axioms that form a consistent, self-contained system and show how sound economic science is based on facts and events rather than presuppositions or definitions. Schumpeter's larger aim, beyond a pedagogic tool, was to deduce changes in the market, trade, and exchange of goods and services. He defined the task of economy as the description of the system and its change tendencies. If that can be achieved unequivocally, without resorting to doctrine or dogma, then the field can be considered self-contained.

Author : Uskali Mäki
Publisher : Cambridge University Press
Page : 420 pages
File Size : 54,8 Mb
Release : 2001-07-23
Category : Business & Economics
ISBN : 0521000203

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The Economic World View by Uskali Mäki Pdf

The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do macroeconomic aggregates exist? Is the economy a mechanism, the functioning of which is governed by a limited set of distinct causes? What are the methodological implications of different ontological starting points? This collection, which establishes economic ontology as a coordinated field of study, will be of great value to economists and philosophers of social sciences. -- Back cover.

Author : Christopher D. Mackie
Publisher : Routledge
Page : 212 pages
File Size : 43,9 Mb
Release : 2016-07-11
Category : Business & Economics
ISBN : 9781315502328

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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 : G. L. S. Shackle
Publisher : Cambridge University Press
Page : 222 pages
File Size : 55,7 Mb
Release : 1965-01-02
Category : Business & Economics
ISBN : 0521062802

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A Scheme of Economic Theory by G. L. S. Shackle Pdf

By their nature and purpose different economic theories make almost opposite assumptions and use entirely different conceptions or aspects of time. These contrasting assumptions, which occur frequently, are essential to the nature of the various theories and cannot therefore be combined into a general theory. Coherence can only be obtained by an explicit scheme in which these theories are ordered to each other. In this book Professor Shackle seeks a single, unified and coherent basis which would serve for all economic theories, particularly in regard to their treatment of time and to the possibility of acquiring the knowledge on which these theories are based. Professor Shackle's examination of these theories and models will be of interest to economists attempting to find coherence in the diversity of economic theory.

Author : Eric Roll Baron Roll of Ipsden
Publisher : Unknown
Page : 296 pages
File Size : 48,7 Mb
Release : 1937
Category : Economics
ISBN : UCAL:$B236543

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Elements of Economic Theory by Eric Roll Baron Roll of Ipsden Pdf

Author : Robert B. Ekelund, Jr.,Robert F. Hébert
Publisher : Waveland Press
Page : 753 pages
File Size : 40,6 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 : Dimitris Milonakis,Ben Fine
Publisher : Routledge
Page : 387 pages
File Size : 53,7 Mb
Release : 2009-01-13
Category : Business & Economics
ISBN : 9781134099443

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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 : Roberto Marchionatti
Publisher : Unknown
Page : 0 pages
File Size : 52,7 Mb
Release : 2021
Category : Electronic
ISBN : 3030809889

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Economic Theory in the Twentieth Century, An Intellectual History-Volume II 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, and finally to an assessment and critical appreciation of economic theories. Volume II addresses economic theory in the period between the two world wars in which the economic theory went through a process of criticism of old mainstream, deconstruction and reconstruction and theoretical ferment which involved the intellectual communities of economists emphasizing their nature of evolving interacting entities. 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. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline. Roberto Marchionatti is Professor of Economics, University of Torino, and Fellow of the Accademia delle Scienze di Torino. He has been Visiting Scholar at the Universities of New York and Cambridge. He is the editor of Annals of Fondazione Luigi Einaudi: An Interdisciplinary Journal of Economics, History and Political Science.

Author : J. J. Klant
Publisher : Edward Elgar Publishing
Page : 168 pages
File Size : 48,7 Mb
Release : 1994
Category : Business & Economics
ISBN : UOM:39015032988084

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The Nature of Economic Thought by J. J. Klant Pdf

This volume brings together Klants' work on the philosophy and methodology of economics. The book covers the history of economics, and then goes on to deal with the logical structure of economic theories, Friedman's use of metaphor, Keynes' methodology, and other issues.

Author : Robert Burton Ekelund,Robert F. Hébert
Publisher : University of Chicago Press
Page : 494 pages
File Size : 42,7 Mb
Release : 1999-03-15
Category : Business & Economics
ISBN : 0226199991

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Secret Origins of Modern Microeconomics by Robert Burton Ekelund,Robert F. Hébert Pdf

Using documents previously unavailable in English, the authors present a cohesive and original picture of French economic thought that solidly documents the contributions of Dupuit and his colleagues. Ekelund and Hebert build their argument by focusing on the development of economic theory in the peculiar milieu of postrevolutionary France in an attempt to identify the essence of the French contribution and the extent to which the French legacy benefited other economists of international acclaim. They conclude that the kinds of issues in economic theory and policy that Dupuit and his colleagues found arresting and worthy of analysis in the nineteenth century are still pertinent today and will continue to interest economists into the twenty-first century. This seminal work will be of great importance to historians of economics and all economists interested in the foundations of modern microeconomics.

Author : John Bates Clark
Publisher : Theclassics.Us
Page : 154 pages
File Size : 43,7 Mb
Release : 2013-09
Category : Electronic
ISBN : 1230393625

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Essentials of Economic Theory; As Applied to Modern Problems of Industry and Public Policy by John Bates Clark Pdf

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ... CHAPTER II VARIETIES OF ECONOMIC GOODS Passive Capital Goods. -- Labor spends itself on materials, and these, in their rawest state, are furnished by nature herself. They "ripen" as the work goes on. Every touch that is put on them imparts to them more of the utility which is the essence of wealth. They are technically "goods," or concrete forms of wealth, from the moment when they begin to acquire this utility, though for a time they are in an unfinished state. The function of materials, raw or partly finished, in the physical operation of industry is a passive one, since they receive utility and do not impart it. The iron is passive under the blows of the blacksmith's hammer; leather is passive under the action of the shoemaker's sewing machine; a log is passive under the action of the lumberman's saw, etc. The materials which are thus receiving utilities under the producers' manipulations constitute a distinct variety of capital goods, while the implements which help to impart the utilities constitute another variety, and both kinds are present in all stages of industrial evolution. Savages use raw materials and tools for fashioning them. Active Capital Goods. -- The hammer which fashions the iron, the awl which pierces the leather, and the saw that cuts the log into boards have an active function to perform. They do not receive utilities, but impart them. They manipulate other things and are not themselves manipulated; and except as unavoidable wear and tear injure or destroy them, they are not themselves at all changed by the processes in which they take part. They are the workman's active assistants in the attacks that he makes on the resisting elements of nature. Passive instruments, then, and active ones -- things which receive...

Author : Roberto Marchionatti
Publisher : Springer Nature
Page : 436 pages
File Size : 55,9 Mb
Release : 2021-09-13
Category : Business & Economics
ISBN : 9783030809874

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Economic Theory in the Twentieth Century, An Intellectual History—Volume II 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, and finally to an assessment and critical appreciation of economic theories. Volume II addresses economic theory in the period between the two world wars in which the economic theory went through a process of criticism of old mainstream, deconstruction and reconstruction and theoretical ferment which involved the intellectual communities of economists emphasizing their nature of evolving interacting entities. 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. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.

Author : Ricardo F. Crespo
Publisher : Springer Nature
Page : 235 pages
File Size : 41,9 Mb
Release : 2022-07-01
Category : Business & Economics
ISBN : 9783031024535

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The Nature of the Economy by Ricardo F. Crespo Pdf

This book explores the deep meaning—the nature or essence—of the economy and its fundamental components. As a monograph on the philosophy of the economy and economics, it deduces the metaphysical nature of these two, going step by step from more general to more specific realities to finally arrive at the adequate features of the economic sciences and their methods. It builds on a largely Aristotelian approach, but also draws extensively from modern scholarship in the area. Usefully and pertinently, the book covers both general aspects of the economy and particular historically specific features. Among the important topics covered in the book are the meanings of the economy, the nature and role of economic agents, the nature of the macroeconomy, the nature and role of money, and so on. The book concludes with chapters on the nature of economics itself and its methodologies.

Author : Robert Burton Ekelund,Robert F. Hébert
Publisher : New York ; Montreal : McGraw-Hill
Page : 532 pages
File Size : 50,5 Mb
Release : 1975
Category : Economics
ISBN : UCSC:32106018499712

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

Author : Warren J. Samuels,Jeff Biddle,Thomas W. Patchak-Schuster
Publisher : Edward Elgar Publishing
Page : 312 pages
File Size : 48,9 Mb
Release : 1993
Category : Business & Economics
ISBN : STANFORD:36105002269459

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Economic Thought and Discourse in the 20th Century by Warren J. Samuels,Jeff Biddle,Thomas W. Patchak-Schuster Pdf

This work on the history of economics deals with three major figures - Hicks, Verblen and Marshall. It describes Hicks' theoretical stance on the functions of the history of economic thought; Veblen's work on war and peace; and the discursive structure of Marshall's work, "Economics".