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.

Contending Economic Theories

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Author :
Publisher : MIT Press
ISBN 13 : 0262304449
Total Pages : 425 pages
Book Rating : 4.2/5 (623 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.

Contending Economic Theories

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Author :
Publisher : MIT Press (MA)
ISBN 13 : 9780262018005
Total Pages : 0 pages
Book Rating : 4.0/5 (18 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 (MA). This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rev. ed. of: Economics: Marxian versus neoclassical. Baltimore: Johns Hopkins University Press, c1987.

Economics

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Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Economics by : Richard D. Wolff

Download or read book Economics written by Richard D. Wolff and published by . This book was released on 1987-08 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Theories of Political Economy

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Publisher : Cambridge University Press
ISBN 13 : 9780521425780
Total Pages : 258 pages
Book Rating : 4.4/5 (257 download)

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Book Synopsis Theories of Political Economy by : James A. Caporaso

Download or read book Theories of Political Economy written by James A. Caporaso and published by Cambridge University Press. This book was released on 1992-08-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Theories of Value and Distribution Since Adam Smith

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Publisher : Cambridge University Press
ISBN 13 : 9780521099363
Total Pages : 308 pages
Book Rating : 4.0/5 (993 download)

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Book Synopsis Theories of Value and Distribution Since Adam Smith by : Maurice Dobb

Download or read book Theories of Value and Distribution Since Adam Smith written by Maurice Dobb and published by Cambridge University Press. This book was released on 1975-04-17 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Political Theory of Conservative Economists

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Publisher : University Press of Kansas
ISBN 13 : 0700631763
Total Pages : 270 pages
Book Rating : 4.7/5 (6 download)

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Book Synopsis The Political Theory of Conservative Economists by : Conrad P. Waligorski

Download or read book The Political Theory of Conservative Economists written by Conrad P. Waligorski and published by University Press of Kansas. This book was released on 2021-10-08 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s difficult to overstate the impact of conservative economics on American life. The conservative thought of economists like Milton Friedman, James Buchanan, and Friedrick Hayek has provided the conceptual framework that undergirds nearly every aspect of current U.S. social-economic policy. Although a great deal has been written about the economic theories of these Nobel Pirze-winning economists, this study is the first to examine the political theory that underlies conservative economics and its implications for public policy. Long associated with the “Chicago” and “public choice” schools of thought, Friedman, Buchanan, Hayek, and others have consistently repudiated Keynesian principles. They have steadfastly opposed social welfare policies and regulation of private enterprise, championing instead the free market as a mechanism for ordering society. In this book Conrad Waligorski analyzes the political content of the conservative economists’ arguments. In so doing, he illuminates the political, economic, and philosophical ideas behind and justification for the laissez-faire policy—the reduced regulation, intervention, and welfare favored by conservative governments in the United States, Canada, and Britain.

Occupy the Economy

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Publisher : City Lights Books
ISBN 13 : 0872865673
Total Pages : 194 pages
Book Rating : 4.8/5 (728 download)

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Book Synopsis Occupy the Economy by : Richard Wolff

Download or read book Occupy the Economy written by Richard Wolff and published by City Lights Books. This book was released on 2012-05 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Class Theory and History

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Publisher : Routledge
ISBN 13 : 113670440X
Total Pages : 409 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis Class Theory and History by : Stephen A. Resnick

Download or read book Class Theory and History written by Stephen A. Resnick and published by Routledge. This book was released on 2013-12-16 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

An Evolutionary Theory of Economic Change

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Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson

Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Contending Perspectives in Economics

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1789900492
Total Pages : 192 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis Contending Perspectives in Economics by : John T. Harvey

Download or read book Contending Perspectives in Economics written by John T. Harvey and published by Edward Elgar Publishing. This book was released on 2020-08-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its second edition, John Harvey’s rigorous textbook provides an accessible and engaging introduction to various competing schools of thought in economics. This revised and extended edition will continue to open readers’ minds, leading them towards new and productive directions. Chapters study numerous schools of thought including Neoclassical, Marxist, Austrian, Post Keynesian, Institutionalist, New Institutionalist, Feminist and Ecological. Unique features and criticisms of each approach are highlighted through discussions of methodology, world views, popular themes, and current activities.

Latin America's Economy

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Publisher : MIT Press
ISBN 13 : 9780262531252
Total Pages : 362 pages
Book Rating : 4.5/5 (312 download)

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Book Synopsis Latin America's Economy by : Eliana A. Cardoso

Download or read book Latin America's Economy written by Eliana A. Cardoso and published by MIT Press. This book was released on 1995 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines broad patterns of development and some economic issues facing Latin American countries. Includes a chapter outlining recurrent patterns of economic development and economic crises throughout the past 500 years.

The National System of Political Economy

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Publisher :
ISBN 13 :
Total Pages : 422 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The National System of Political Economy by : Friedrich List

Download or read book The National System of Political Economy written by Friedrich List and published by . This book was released on 1904 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Fables

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Publisher : Open Book Publishers
ISBN 13 : 1906924775
Total Pages : 266 pages
Book Rating : 4.9/5 (69 download)

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Book Synopsis Economic Fables by : Ariel Rubinstein

Download or read book Economic Fables written by Ariel Rubinstein and published by Open Book Publishers. This book was released on 2012 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: "I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. Economic Fables is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field.

Economics in Perspective

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Publisher : Princeton University Press
ISBN 13 : 1400889073
Total Pages : 384 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Economics in Perspective by : John Kenneth Galbraith

Download or read book Economics in Perspective written by John Kenneth Galbraith and published by Princeton University Press. This book was released on 2017-08-29 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Economics in Perspective, renowned economist John Kenneth Galbraith presents a compelling and accessible history of economic ideas, from Aristotle through the twentieth century. Examining theories of the past that have a continuing modern resonance, he shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith's theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, Galbraith demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, Economics in Perspective shows how the field has evolved across the centuries.

Development and Globalization

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Publisher : Routledge
ISBN 13 : 1136911049
Total Pages : 425 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Development and Globalization by : David F Ruccio

Download or read book Development and Globalization written by David F Ruccio and published by Routledge. This book was released on 2012-12-06 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capital as Power

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Publisher : Routledge
ISBN 13 : 1134022298
Total Pages : 464 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Capital as Power by : Jonathan Nitzan

Download or read book Capital as Power written by Jonathan Nitzan and published by Routledge. This book was released on 2009-06-02 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.