A Revolution In Economic Theory
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On Revolutions And Progress In Economic Knowledge
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Author : T. W. Hutchison
language : en
Publisher: CUP Archive
Release Date : 1978-09-14
On Revolutions And Progress In Economic Knowledge written by T. W. Hutchison and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978-09-14 with Business & Economics categories.
A Revolution In Economic Theory
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Author : Ajit Sinha
language : en
Publisher: Springer
Release Date : 2016-08-18
A Revolution In Economic Theory written by Ajit Sinha and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-18 with Business & Economics categories.
This book draws on the work of one of the sharpest minds of the 20th century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the most consequential ideas' of the Philosophical Investigations (1953) and put him high on his short list of geniuses. Sraffa's revolutionary contribution to economics was, however, lost to the world because economists did not pay attention to the philosophical underpinnings of his economics. Based on exhaustive archival research, Sinha presents an exciting new thesis that shows how Sraffa challenged the usual mode of theorizing in terms of essential and mechanical causation and, instead, argued for a descriptive or geometrical theory based on simultaneous relations. A consequence of this approach was a complete removal of 'agent's subjectivity' and 'marginal method' or counterfactual reasoning from economic analysis – the two fundamental pillars of orthodox economic theory.
The Revolution That Bit Its Own Tail
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Author : Jan W. Drukker
language : en
Publisher: Amsterdam University Press
Release Date : 2006
The Revolution That Bit Its Own Tail written by Jan W. Drukker and has been published by Amsterdam University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economic history categories.
The 1960s witnessed a revolutionary change in economic history, to such an extent that in less than ten years time, the discipline was hardly recognizable thereafter. The essentially literary-descriptive method that had characterized economic history since its very beginnings in the second half of the 19th century, gave way to rigorous quantitative testing of mathematically formulated hypotheses, and as a result a host of formerly generally accepted ideas suddenly and quite unexpectedly lost their credibility in academic circles. Although the revisions that were the result of this so called cliometric revolution had a major impact on our ideas on economic development, this methodological revolution remained almost unnoticed outside the realms of academic economic history, the reason for this being the nature of the revolution itself. Suddenly, economic historical articles in professional journals became more or less unintelligible for the interested layman, as they were cast in a language that was directly derived from highly specialized fields of study, such as neoclassical economic theory and econometrics. The revolution that bit its own tail explains in terms understandable for non-specialist readers what was essential in the cliometric revolution and in what ways it changed our ideas on economic development. The book addresses itself in the first place to students in history and economics, but is also an indispensable guide for everyone who is engaged in what is one of today's most pressing problems: The increasing inequality in wealth between rich and poor countries, or, stated in more formal terms: the explanation of economic growth, stagnation and decline.
A Reflection On Sraffa S Revolution In Economic Theory
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Author : Ajit Sinha
language : en
Publisher: Springer Nature
Release Date : 2021-06-02
A Reflection On Sraffa S Revolution In Economic Theory written by Ajit Sinha and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-02 with Business & Economics categories.
This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.
Reinterpreting The Keynesian Revolution
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Author : Robert Cord
language : en
Publisher: Routledge
Release Date : 2013-05-02
Reinterpreting The Keynesian Revolution written by Robert Cord and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-02 with Business & Economics categories.
Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place. Some of these point to the temporal relevance of John Maynard Keynes's The General Theory of Employment, Interest, and Money (1936), appearing, as it did, just a handful of years after the onset of the Great Depression, whilst others highlight the importance of more anecdotal evidence, such as Keynes’s close relations with the Cambridge ‘Circus’, a group of able, young Cambridge economists who dissected and assisted Keynes in developing crucial ideas in the years leading up to the General Theory. However, no systematic effort has been made to bring together these and other factors to examine them from a sociology of science perspective. This book fills this gap by taking its cue from a well-established tradition of work from history of science studies devoted to identifying the intellectual, technical, institutional, psychological and financial factors which help to explain why certain research schools are successful and why others fail. This approach, it turns out, provides a coherent account of why the revolution in macroeconomics was ‘Keynesian’ and why, on a related note, Keynes was able to see off contemporary competitor theorists, notably Friedrich von Hayek and Michal Kalecki.
The General Theory Of Employment Interest And Money
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Author : John Maynard Keynes
language : en
Publisher: Repro Knowledgcast Limited
Release Date : 2021-08-16
The General Theory Of Employment Interest And Money written by John Maynard Keynes and has been published by Repro Knowledgcast Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-16 with categories.
The General Theory of Employment, Interest and Money of 1936 is a book by English economist John Maynard Keynes. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology - the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference.
Revolution And Evolution In Economic Theory
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Author : Jürg Niehans
language : en
Publisher:
Release Date : 1992
Revolution And Evolution In Economic Theory written by Jürg Niehans and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics categories.
The Industrial Revolution And Economic Growth
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Author : R. M. Hartwell
language : en
Publisher: Taylor & Francis
Release Date : 2017-06-26
The Industrial Revolution And Economic Growth written by R. M. Hartwell and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-26 with History categories.
This volume, first published in 1971, brings together eleven essays and articles on the history of the industrial revolution. Method is the central consideration, and the author discusses ways in which historians have analysed the industrial revolution, demonstrates inconsistency and bias in their interpretations, and suggests an appropriate framework of economic theory for future studies. This title will be of interest to students of history and economics.
From Political Economy To Economics
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Author : Dimitris Milonakis
language : en
Publisher: Routledge
Release Date : 2009-01-13
From Political Economy To Economics written by Dimitris Milonakis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-13 with Business & Economics categories.
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.
Game Theory And Economic Analysis
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Author : Christian Schmidt
language : en
Publisher: Routledge
Release Date : 2002-06-20
Game Theory And Economic Analysis written by Christian Schmidt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-20 with Business & Economics categories.
This book presents the huge variety of current contributions of game theory to economics. The impressive contributions fall broadly into two categories. Some lay out in a jargon free manner a particular branch of the theory, the evolution of one of its concepts, or a problem, that runs through its development. Others are original pieces of work tha