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The Crisis Of Vision In Modern Economic Thought
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Book Synopsis The Crisis of Vision in Modern Economic Thought by : Robert L. Heilbroner
Download or read book The Crisis of Vision in Modern Economic Thought written by Robert L. Heilbroner and published by Cambridge University Press. This book was released on 1996-01-26 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Crisis of Vision in Modern Economic Thought by : Robert Louis Heilbroner
Download or read book Crisis of Vision in Modern Economic Thought written by Robert Louis Heilbroner and published by . This book was released on 1995 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Crisis of Vision in Modern Economic Thought by : Robert Louis Heilbroner
Download or read book Crisis of Vision in Modern Economic Thought written by Robert Louis Heilbroner and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Outsourcing Economics by : William Milberg
Download or read book Outsourcing Economics written by William Milberg and published by Cambridge University Press. This book was released on 2013-04-29 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Economics in the Twenty-First Century by : Robert Chernomas
Download or read book Economics in the Twenty-First Century written by Robert Chernomas and published by University of Toronto Press. This book was released on 2016-06-16 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Deficit Myth by : Stephanie Kelton
Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
Book Synopsis Contemporary Economic Theory by : Andriana Vlachou
Download or read book Contemporary Economic Theory written by Andriana Vlachou and published by Springer. This book was released on 2016-07-27 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Making of Economics: The radical assault by : E. Ray Canterbery
Download or read book The Making of Economics: The radical assault written by E. Ray Canterbery and published by World Scientific. This book was released on 2009 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first in the field to cover exclusively the modern radical economists. Science has always had its radicals; economics is unexceptional in this regard. The book begins with the persona of Karl Marx and his soulmate Friedrich Engels, the most radical of all, continuing with the central ideas of Marx, including his theory of capitalism and an understanding of why, in Marx's view, capitalism is doomed. Thereafter, Thorstein Veblen fills the role as the USA radical who founded the only uniquely American school of economics - the institutionalist school. This is followed by Joseph Schumpeter and his theory of capitalist motion. According to Schumpeter, the demise of capitalism is self-inflicted through creative destruction. The bestselling authors, Robert Heilbroner and John Kenneth Galbraith, straddle both the insitutionalist and Post Keynesian schools. The new left radicals emanated from Galbraith's Harvard University and are still around today. The heyday of the new right came during the administration of Ronald Reagan and was led by the neo-Austrians. Finally, the book concludes by analyzing the Post Keynesians' claim to be the legitimate heirs to Keynesianism. Thus far, they fall into the radical camp.This book is also available as a set with Volume I: The Foundation and Volume II: The Modern Superstructure.
Book Synopsis Economics and the Left by : C.J. Polychroniou
Download or read book Economics and the Left written by C.J. Polychroniou and published by Verso Books. This book was released on 2022-03-08 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-four economists discuss how they promote egalitarianism, democracy and ecological sanity through research, activism, and policy engagement Economics and the Left presents interviews with twenty-four leading progressive economists. All of these practitioners of the “dismal science” are dedicated to both interpreting the world and changing it for the better. The result is a combustible brew of ideas and reflections on major historical events, including the Covid-19 pandemic and its impact on the global economy. Interviewed are: Michael Ash, Nelson Henrique Barbosa Filho, James K. Boyce, Ha-Joon Chang, Jane D’Arista, Diane Elson, Gerald Epstein, Nancy Folbre, James K. Galbraith, Teresa Ghilarducci, Jayati Ghosh, Ilene Grabel, Costas Lapavitsas, Zhongjin Li, William Milberg, Léonce Ndikumana, Ozlem Onaran, Robert Pollin, Malcolm Sawyer, Juliet Schor, Anwar Shaikh, William Spriggs, Fiona Tregenna and Thomas Weisskopf.
Book Synopsis The Evolution of the Property Relation by : A. Davis
Download or read book The Evolution of the Property Relation written by A. Davis and published by Springer. This book was released on 2015-02-04 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolution of the Property Relation defines an approach to economics which is centered around the concept of property and explores the historical evolution of the relationship of the individual, private property, and the state, and the distinctive changes wrought by the emergence of the market.
Book Synopsis The Other Mirror by : Miguel Angel Centeno
Download or read book The Other Mirror written by Miguel Angel Centeno and published by Princeton University Press. This book was released on 2020-12-08 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: If social science's "cultural turn" has taught us anything, it is that knowledge is constrained by the time and place in which it is produced. In response, scholars have begun to reassess social theory from the standpoints of groups and places outside of the European context upon which most grand theory is based. Here a distinguished group of scholars reevaluates widely accepted theories of state, property, race, and economics against Latin American experiences with a two-fold purpose. They seek to deepen our understanding of Latin America and the problems it faces. And, by testing social science paradigms against a broader variety of cases, they pursue a better and truly generalizable map of the social world. Bringing universal theory into dialogue with specific history, the contributors consider what forms Latin American variations of classical themes might take and which theories are most useful in describing Latin America. For example, the Argentinian experience reveals the limitations of neoclassical descriptions of economic development, but Charles Tilly's emphasis on the importance of war and collective action to statemaking holds up well when thoughtfully adapted to Latin American situations. Marxist structural analysis is problematic in a region where political divisions do not fully expresses class cleavages, but aspects of Karl Polanyi's socioeconomic theory cross borders with relative ease. This fresh theoretical discussion expands the scope of Latin American studies and social theory, bringing the two into an unprecedented conversation that will benefit both. Contributors are, in addition to the editors, Jeremy Adelman, Jorge I. Domínguez, Paul Gootenberg, Alan Knight, Robert M. Levine, Claudio Lomnitz, John Markoff, Verónica Montecinos, Steven C. Topik, and J. Samuel Valenzuela.
Book Synopsis Growth, Distribution and Effective Demand by : George Argyrous
Download or read book Growth, Distribution and Effective Demand written by George Argyrous and published by Routledge. This book was released on 2019-06-21 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.
Book Synopsis The 'Uncertain' Foundations of Post Keynesian Economics by : Stephen Dunn
Download or read book The 'Uncertain' Foundations of Post Keynesian Economics written by Stephen Dunn and published by Routledge. This book was released on 2010-04-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book introduces, analyzes and takes forward a post-Keynesian theory of the firm. It makes a vital contribution to the conceptualisation of uncertainty that is consistent with the methodological presuppositions of Post Keynesian economics. The author attempts to make a positive contribution to the development of Post Keynesian economics by refuting allegations of incoherence, detailing some of the salient implications of a transmutable conception of economic processes and then starting to explore what this means for how Post Keynesians conceptualise uncertainty. The book argues that the Post Keynesian distinctive view of time, understood as a non-deterministic open systems process, is a core and defining characteristic which is linked to its theoretical discussion of money and the principle of effective demand. Covering areas such as the coherence of Post Keynesianism, the future of Post Keynesian economics and Keynesian methodological debates, this book is useful reading for all Post Keynesian scholars with a strong interest in economic methodology and the philosophical underpinnings of economics.
Book Synopsis Philosophy of Economics by : Uskali Mäki
Download or read book Philosophy of Economics written by Uskali Mäki and published by Elsevier. This book was released on 2012-06-12 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications
Book Synopsis Radical History Review: Volume 71, Liberalism and the Left by : Rhr Collective
Download or read book Radical History Review: Volume 71, Liberalism and the Left written by Rhr Collective and published by Cambridge University Press. This book was released on 1999-02-13 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue embodies the journal's recent move toward a more overtly political discussion of historical topics.
Book Synopsis The New Palgrave Dictionary of Economics by :
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Rhetoric As Currency by : Davis W. Houck
Download or read book Rhetoric As Currency written by Davis W. Houck and published by Texas A&M University Press. This book was released on 2001 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hoover, the president of economic depression; Roosevelt the president of recovery--the public images of these two men are so firmly fixed that they offer shorthand ways to talk about the era we know as the Great Depression. Yet their views on economic policy for taking the country out of its greatest economic calamity were not so different as is often supposed. Indeed, the famed journalist Walter Lippmann once claimed that Roosevelt's legislative measures represented "a continuous evolution of the Hoover measures." Moreover, both Hoover and Roosevelt shared a Keynesian conviction that public confidence was vital to recovery. They differed markedly, of course, in their ability to restore that confidence. Roosevelt's advantage lay not just in his position in the changing of the guard. He employed a skilled staff of speech writers, and he had the negative example of Hoover before him from which to plot rhetorical strategies that would be more effective. In Rhetoric as Currency, Houck uses the historical context of the Great Depression to explore the relationship of rhetoric to the economy and specifically economic recovery. He closely analyzes Hoover's rhetorical corpus from March 4, 1929, through March 3, 1933, and Roosevelt's from January 3, 1930, through June 16, 1933. This longitudinal study allows him to understand rhetoric as a process rather than a series of isolated, discrete products. Houck first examines Hoover's presidential rhetoric, tracing its paradoxes and the radical shift that occurred in the final year of his administration. The Depression, in his rhetoric, was a foe to be vanquished by an optimistic Christian and civic faith, not federal legislation. Once he determined that federal intervention was indeed required, he could not return to the dais; rather, he relied on an antagonistic press to carry his message of confidence. Abdicating the rhetorical pulpit, he left it in the hands of those opposed to him. Houck then studies the economic rhetoric of Franklin Roosevelt as governor, candidate, president-elect, and finally president. He traces the key similarities and differences in Roosevelt's economic rhetoric with particular attention to an embodied economics, wherein recovery was premised less on mental optimism than a physical, active confidence.
