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Hayeks Popperian Critique Of The Keynesian Methodology
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Book Synopsis Keynes Hayek: The Clash that Defined Modern Economics by : Nicholas Wapshott
Download or read book Keynes Hayek: The Clash that Defined Modern Economics written by Nicholas Wapshott and published by W. W. Norton & Company. This book was released on 2011-10-11 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: “I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.
Book Synopsis Karl Popper and Situational Analysis by : Alfonso Palacio-Vera
Download or read book Karl Popper and Situational Analysis written by Alfonso Palacio-Vera and published by Taylor & Francis. This book was released on 2024-08-02 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Situational Analysis’ represents Karl Popper’s methodological proposal for the social sciences. Although it has been widely studied and interpreted, this book argues that Situational Analysis remains underestimated and undeveloped and, if properly reformulated, could yet become a broad methodological framework that encompasses both the ‘historical’ social sciences and a large section of the ‘theoretical’ social sciences. The first part of this book develops this idea by returning to Popper’s texts. This book calls for both a reformulation of Situational Analysis and a clarification of the status and role of Popper’s ‘Rationality Principle’. This book also develops Situational Analysis by addressing two aspects of the Problem-Situation facing individual actors that are only sketched out in Popper’s work: institutions and expectations. The second part of this book utilizes the reformulated version of Situational Analysis to shed light on the core methodological differences across some of the most widespread approaches in contemporary economics and sociology. In particular, by showing that many of these approaches are variants of the reformulated version of Situational Analysis presented in the first part of this book, this book argues that apparent methodological differences across these approaches may be reinterpreted as differences in the way social scientists reconstruct the Problem-Situation facing individual actors. This book will be vital reading for academic economists, sociologists, philosophers of science, and other social scientists interested in methodology.
Book Synopsis Post Keynesian Econometrics, Microeconomics and the Theory of the Firm by : Sheila C. Dow
Download or read book Post Keynesian Econometrics, Microeconomics and the Theory of the Firm written by Sheila C. Dow and published by Edward Elgar Publishing. This book was released on 2002 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the first conference (1993) focused on methodological issues, the 13 papers of the second are more concerned with developments in theory, empirical work, and policy questions as they seek to carry on the insights of economist John Maynard Keynes into and through the 1990s. Among the themes are the relationship between microeconomic and macroeconomic levels, uncertainty and its implications for individual behavior as it underpins macroeconomic behavior, and applying post- Keynesian theory to policy questions particularly in the international arena. The proceedings of the first conference were published under a separate title, and this series begins Volume One with the second conference. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Debates in Macroeconomics from the Great Depression to the Long Recession by : Arie Arnon
Download or read book Debates in Macroeconomics from the Great Depression to the Long Recession written by Arie Arnon and published by Springer Nature. This book was released on 2022-05-06 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM’s subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from "active" macro-policy after the Great Depression to a far more "passive" macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. “When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists’ short time horizon and contributes mightily to restore the profession’s “collective memory” of the diversity of ideas within macroeconomics.” Professor Dani Rodrik, Harvard Kennedy School
Book Synopsis Rationality, Institutions, and Economic Methodology by : Uskali Mäki
Download or read book Rationality, Institutions, and Economic Methodology written by Uskali Mäki and published by Psychology Press. This book was released on 1993 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Hayek’s Social and Economic Philosophy by : Norman P. Barry
Download or read book Hayek’s Social and Economic Philosophy written by Norman P. Barry and published by Springer. This book was released on 1979-06-17 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Critical Economic Methodology by : Lawrence Boland
Download or read book Critical Economic Methodology written by Lawrence Boland and published by Routledge. This book was released on 2005-08-18 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lawrence Boland takes issue with both economic methodologists and practicing economists. He argues that there has been too much 'methodology for methodology's sake' and that mainstream economics might benefit by using methodology to take a critical look at economic theory.
Download or read book Hayek and Popper written by Mark Notturno and published by Routledge. This book was released on 2014-10-30 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karl Popper and Friedrich von Hayek are remembered as two of the twentieth century’s greatest proponents of open society. However, over the years, Hayek’s ideas have tended to be favoured over Popper’s in both academic and political discussions. This book aims to improve understanding of Popper’s and Hayek’s philosophies by explaining their differences, and whilst doing so, to encourage liberal political philosophers to take a better-informed and more sympathetic look at Popper’s ideas about open society. Popper and Hayek differed in subtle but fundamental ways about rationality, economism, and democracy. They thus differed about whether and to what extent society is well served by deliberate attempts at social engineering and government intervention in the economy. They also differed about whether democracy is better served by institutions designed to elect the best leaders, or by institutions designed to protect us against the leaders we elect. And they differed, perhaps most importantly, about whether we should value freedom as a means to prosperity or an end-in-itself. This book argues that Hayek’s views about rationality, economism, and democracy are fundamentally at odds with Popper’s3⁄4 and perhaps even with open society itself—and that the unintended consequences of Hayek’s views may actually pose a threat to Popper’s vision of a liberal and free open society.
Book Synopsis The Age of Fragmentation by : Alessandro Roncaglia
Download or read book The Age of Fragmentation written by Alessandro Roncaglia and published by Cambridge University Press. This book was released on 2019-12-05 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide-ranging historical account and critical analysis of the global development of economics from 1940 to the present day.
Book Synopsis The Structure of Post-Keynesian Economics by : G. C. Harcourt
Download or read book The Structure of Post-Keynesian Economics written by G. C. Harcourt and published by Cambridge University Press. This book was released on 2006-10-12 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a major contribution to post-Keynesian thought. With studies of the key pioneers - Keynes himself, Kalecki, Kahn, Goodwin, Kaldor, Joan Robinson, Sraffa and Pasinetti - G. C. Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The propositions of earlier chapters are brought together in an integrated narrative and interpretation of the major episodes in advanced capitalist economics in the post-war period, leading to a discussion of the relevance of post-Keynesian ideas to both our understanding of economics and to policy-making. The appendices include biographical sketches of the pioneers and analysis of the conceptual core of their discontent with orthodox theories. Drawing on the author's experience of teaching and researching over fifty years, this book will appeal to undergraduate and graduate students interested in alternative approaches to theoretical, applied and policy issues in economics, as well as to teachers and researchers in economics.
Book Synopsis The Methodology of Scientific Research Programmes: Volume 1 by : Imre Lakatos
Download or read book The Methodology of Scientific Research Programmes: Volume 1 written by Imre Lakatos and published by Cambridge University Press. This book was released on 1980-10-16 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection exhibits and confirms the originality, range and the essential unity of his work.
Book Synopsis The Constitution of Liberty by : F.A. Hayek
Download or read book The Constitution of Liberty written by F.A. Hayek and published by Routledge. This book was released on 2020-06-29 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1960, The Constitution of Liberty delineates and defends the principles of a free society and traces the origin, rise, and decline of the rule of law. Casting a skeptical eye on the growth of the welfare state, Hayek examines the challenges to freedom posed by an ever expanding government as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In distinction to those who confidently call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. Striking a balance between skepticism and hope, Hayek’s profound insights remain strikingly vital half a century on. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from Hayek’s enduring wisdom.
Book Synopsis Masters of the Universe? by : Tariq Ali
Download or read book Masters of the Universe? written by Tariq Ali and published by Verso. This book was released on 2000 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of distinguished dissidents voice their opinions on the intervention by NATO in the former Yugoslavia. The collection also provides background historical information on the conflict in the Balkans.
Book Synopsis Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years by : Luca Fiorito
Download or read book Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2018-05-18 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 36A of Research in the History of Economic Thought and Methodology features a symposium on Bruce Caldwell’s Beyond Positivism after 35 years. The volume also features general-research essays from Luis Mireles-Flores and Alain Marciano. Luca Fiorito presents a new discovery from the archives.
Book Synopsis Popper, Hayek and the Open Society by : Calvin Hayes
Download or read book Popper, Hayek and the Open Society written by Calvin Hayes and published by Routledge. This book was released on 2008-09-03 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares Karl Popper and Friedrich Hayek systematically and critically assessing their contribution to the political philosophy of the Open Society and is controversial in that they are defended in areas where they are usually criticized.
Book Synopsis A Brief History of Economic Thought by : Alessandro Roncaglia
Download or read book A Brief History of Economic Thought written by Alessandro Roncaglia and published by Cambridge University Press. This book was released on 2017-09-14 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.
Download or read book Friedrich Hayek written by Alan Ebenstein and published by Macmillan + ORM. This book was released on 2014-12-09 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: This biography tells the story of one of the most important public figures of the twentieth century, Friedrich Hayek. Here is the first full biography of Friedrich Hayek, the Austrian economist who became, over the course of a remarkable career, the great philosopher of liberty in our time. In this richly detailed portrait, Alan Ebenstein chronicles the life, works, and legacy of a visionary thinker, from Hayek's early years as the scholarly son of a physician in fin-de-siecle Vienna on an increasingly wider world as an economist and political philosopher in London, New York, and Chicago. Ebenstein gives a balanced, integrated account of Hayek's extraordinary diverse body of work, from his fist encounter with the free market ideas of mentor Ludwig Von Mises to his magisterial writings in later life on the legal, political, ethical, and economic requirements of a free society. Awarded the Nobel Prize in 1974, Hayek's vision of a renewed classical liberalism-of free markets and free ideas in free societies-has taken hold in much of the world. Alan Ebenstein's clearly written account is an essential starting point for anyone seeking to understand why Hayek's ideas have become the guiding force of our time. His illuminating portrait of Hayek the man brings to new life the spirit of a great scholar and tenacious advocate who has become, in Peter Drucker's words, "our time's preeminent social philosopher."
