Contending Economic Theories

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Publisher : MIT Press
ISBN 13 : 0262517833
Total Pages : 425 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Contending Economic Theories by : Richard D. Wolff

Download or read book Contending Economic Theories written by Richard D. Wolff and published by MIT Press. This book was released on 2012-09-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Competing Economic Theories

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Author :
Publisher : Routledge
ISBN 13 : 1134542747
Total Pages : 827 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Competing Economic Theories by : Sergio Nisticò

Download or read book Competing Economic Theories written by Sergio Nisticò and published by Routledge. This book was released on 2002-03-14 with total page 827 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought, as well as economic analysis. The book is structured in five parts which:focus on the relevance of the history of ec

Competing Schools of Economic Thought

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Publisher : Springer Science & Business Media
ISBN 13 : 3540926933
Total Pages : 389 pages
Book Rating : 4.5/5 (49 download)

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Book Synopsis Competing Schools of Economic Thought by : Lefteris Tsoulfidis

Download or read book Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer Science & Business Media. This book was released on 2010-06-29 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.

Economic Theories of Development

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Publisher : Rowman & Littlefield Publishers
ISBN 13 : 9780389207405
Total Pages : 0 pages
Book Rating : 4.2/5 (74 download)

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Book Synopsis Economic Theories of Development by : Diana Hunt

Download or read book Economic Theories of Development written by Diana Hunt and published by Rowman & Littlefield Publishers. This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: PMThe author reviews the alternative analytical approaches that have emerged in development economics and identifies six paradigms: structuralist, expanding capital nucleus, neo-Marxist, Maoist, basic needs, neo-classical and dependency theory. She critically analyzes the main features of each paradigm and identifies the areas where they conflict and support one other. The book presents a coherent analysis of the different approaches to economic development and will be essential reading for economists, political scientists, and sociologists interested in the Third World. Contents: Introduction; The Theoretical Heritage; The Theoretical Debate in Development Economics from the 1940s: An Overview; The Paradigm of the Expanding Nucleus; The Structuralist Paradigm; The Neo-Marxist Paradigm; Dependency Analyses: The Seeds of a New Paradigm?; The Moaist Paradigm; The Basic Needs Paradigm; The Neo-Classical Pradigm and Its Role in Development Economics; Conclusion

Alternative Theories of Competition

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Publisher : Routledge
ISBN 13 : 0415686873
Total Pages : 362 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis Alternative Theories of Competition by : Jamee K. Moudud

Download or read book Alternative Theories of Competition written by Jamee K. Moudud and published by Routledge. This book was released on 2012 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy and draws on the insights of classical political economists such as Marx, Schumpeter, Hayek and Andrews.

Economic Theories of Development

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Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Theories of Development by : Diana Hunt

Download or read book Economic Theories of Development written by Diana Hunt and published by . This book was released on 1989 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Heresies

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Economic Heresies by : Joan Robinson

Download or read book Economic Heresies written by Joan Robinson and published by . This book was released on 1973-11-22 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition and Growth

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Publisher : MIT Press
ISBN 13 : 0262512025
Total Pages : 115 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Competition and Growth by : Philippe Aghion

Download or read book Competition and Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-01-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.

Alternative Theories of Competition

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Author :
Publisher : Routledge
ISBN 13 : 1136241159
Total Pages : 362 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis Alternative Theories of Competition by : Jamee K. Moudud

Download or read book Alternative Theories of Competition written by Jamee K. Moudud and published by Routledge. This book was released on 2012-10-12 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition. Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

Competition and Cooperation

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Publisher : Russell Sage Foundation
ISBN 13 : 1610440048
Total Pages : 376 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Competition and Cooperation by : James Alt

Download or read book Competition and Cooperation written by James Alt and published by Russell Sage Foundation. This book was released on 1999-10-29 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: What can the disciplines of political science and economics learn from one another? Political scientists have recently begun to adapt economic theories of exchange, trade, and competition to the study of legislatures, parties, and voting. At the same time, some of the most innovative and influential thinkers in economics have crossed the boundaries of their discipline to explore the classic questions of political science. Competition and Cooperation features six of these path-breaking scholars, all winners of the Nobel Prize for Economics, in a series of conversations with more than a dozen distinguished political scientists. The discussions analyze, adapt, and extend the Nobelists' seminal work, showing how it has carried over into political science and paved the way for fruitful cooperation between the two disciplines. The exchanges span all of the major conceptual legacies of the Nobel laureates: Arrow's formalization of the problems of collective decisions; Buchanan's work on constitutions and his critique of majority rule; Becker's theory of competition among interest groups; North's focus on insecure property rights and transaction costs; Simon's concern with the limits to rationality; and Selten's experimental work on strategic thinking and behavior. As befits any genuine dialogue, the traffic of ideas and experiences runs both ways. The Nobel economists have had a profound impact upon political science, but, in addressing political questions, they have also had to rethink many settled assumptions of economics. The standard image of economic man as a hyper-rational, self-interested creature, acting by and for for himself, bears only a passing resemblance to man as a political animal. Several of the Nobelists featured in this volume have turned instead to the insights of cognitive science and institutional analysis to provide a more recognizable portrait of political life. The reconsideration of rationality and the role of institutions,in economics as in politics, raises the possibility of a shared approach to individual choice and institutional behavior that gives glimmers of a new unity in the social sciences. Competition and Cooperation demonstrates that the most important work in both economics and political science reflects a marriage of the two disciplines.

On Competition in Economic Theory

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Publisher :
ISBN 13 :
Total Pages : 141 pages
Book Rating : 4.:/5 (311 download)

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Book Synopsis On Competition in Economic Theory by : Philip Walter Sawford Andrews

Download or read book On Competition in Economic Theory written by Philip Walter Sawford Andrews and published by . This book was released on 1966 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt:

History of Economic Theory

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Publisher : Elsevier
ISBN 13 : 0080508154
Total Pages : 410 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis History of Economic Theory by : T. Negishi

Download or read book History of Economic Theory written by T. Negishi and published by Elsevier. This book was released on 2014-06-28 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume aims to interest students of modern economic theory in the history of economics. For this purpose, past economic theories are considered from the point of view of current economic theories and translated, if possible and necessary, into mathematical models. It is emphasized that the currently dominating mainstream theory is not the only possible theory, and that there are many past theories which have important significance to the advancement of economic theory in the present situation, or will have it in the near future. After a brief discussion on the history of economics from the point of view of contemporary economic theory, a bird's-eye view of the historical development of economics is given so that readers can see the significance of topics to be discussed in subsequent chapters in a proper historical perspective. These topics are carefully chosen to show not only what great economists in the past contributed to the development of economics, but also what suggestions for solving our own current problems we can obtain by reworking problems they had to face. The book can be used in advanced undergraduate as well as graduate classes on the history of economics. Mathematical techniques used can easily be understood by advanced undergraduates of economics major, since some models constructed originally by contemporary mathematical economists are carefully reformulated without losing the essence, basic calculus and the rudiments of linear algebra being sufficient for understanding.

Economics for Competition Lawyers

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Publisher : Oxford University Press, USA
ISBN 13 : 0199588511
Total Pages : 637 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Economics for Competition Lawyers by : Gunnar Niels

Download or read book Economics for Competition Lawyers written by Gunnar Niels and published by Oxford University Press, USA. This book was released on 2011-04-07 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics for Competition Lawyers provides a comprehensive explanation of the economic principles most relevant for competition law. Written specifically for competition lawyers, it uses real-world examples, is non-technical, and explains the key points from first principles.

On Competition in Economic Theory

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (558 download)

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Book Synopsis On Competition in Economic Theory by : Philip Walter Sawford ANDRES

Download or read book On Competition in Economic Theory written by Philip Walter Sawford ANDRES and published by . This book was released on 1964 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capitalism

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Publisher : Oxford University Press
ISBN 13 : 0199390657
Total Pages : 896 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Capitalism by : Anwar Shaikh

Download or read book Capitalism written by Anwar Shaikh and published by Oxford University Press. This book was released on 2016-01-15 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.

The Economics of Platforms

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Publisher : Cambridge University Press
ISBN 13 : 1108625622
Total Pages : 275 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis The Economics of Platforms by : Paul Belleflamme

Download or read book The Economics of Platforms written by Paul Belleflamme and published by Cambridge University Press. This book was released on 2021-11-11 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital platforms controlled by Alibaba, Alphabet, Amazon, Facebook, Netflix, Tencent and Uber have transformed not only the ways we do business, but also the very nature of people's everyday lives. It is of vital importance that we understand the economic principles governing how these platforms operate. This book explains the driving forces behind any platform business with a focus on network effects. The authors use short case studies and real-world applications to explain key concepts such as how platforms manage network effects and which price and non-price strategies they choose. This self-contained text is the first to offer a systematic and formalized account of what platforms are and how they operate, concisely incorporating path-breaking insights in economics over the last twenty years.

Economic Theories of Development

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (22 download)

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Book Synopsis Economic Theories of Development by :

Download or read book Economic Theories of Development written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: