Competing Economic Theories PDF Download
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Author | : Richard D. Wolff |
Publisher | : MIT Press |
Total Pages | : 425 |
Release | : 2012-09-07 |
Genre | : Business & Economics |
ISBN | : 0262517833 |
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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.
Author | : Sergio Nisticò |
Publisher | : Routledge |
Total Pages | : 417 |
Release | : 2002-03-14 |
Genre | : Business & Economics |
ISBN | : 1134542755 |
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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 economic ideas for current economic analysis centre on the role of classical theory of value and distribution contrast the equilibrium approach with an out-of-equilibrium perspective offer an evaluation of the legacy of Keynes in the light of the recent development of macroeconomics is dedicated to the issue of how institutions ought to be embedded in current economic theorising. Providing up-to-date, fresh and detailed perspectives on economic theory, this book will prove invaluable for students and academics in the fields of the history of economics, and contemporary economic theory.
Author | : Lefteris Tsoulfidis |
Publisher | : Springer Science & Business Media |
Total Pages | : 389 |
Release | : 2010-06-29 |
Genre | : Business & Economics |
ISBN | : 3540926933 |
Download Competing Schools of Economic Thought Book in PDF, ePub and Kindle
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.
Author | : Jamee K. Moudud |
Publisher | : Routledge |
Total Pages | : 362 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0415686873 |
Download Alternative Theories of Competition Book in PDF, ePub and Kindle
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.
Author | : Jamee K. Moudud |
Publisher | : Routledge |
Total Pages | : 361 |
Release | : 2012-10-12 |
Genre | : Business & Economics |
ISBN | : 1136241167 |
Download Alternative Theories of Competition Book in PDF, ePub and Kindle
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.
Author | : Diana Hunt |
Publisher | : |
Total Pages | : 392 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : |
Download Economic Theories of Development Book in PDF, ePub and Kindle
Author | : James Alt |
Publisher | : Russell Sage Foundation |
Total Pages | : 376 |
Release | : 1999-10-29 |
Genre | : Political Science |
ISBN | : 1610440048 |
Download Competition and Cooperation Book in PDF, ePub and Kindle
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.
Author | : Lawrence Abbott |
Publisher | : Westport, Conn : Greenwood Press |
Total Pages | : 256 |
Release | : 1973 |
Genre | : Business & Economics |
ISBN | : |
Download Quality and Competition Book in PDF, ePub and Kindle
Author | : NA NA |
Publisher | : Springer |
Total Pages | : 147 |
Release | : 2015-12-31 |
Genre | : Business & Economics |
ISBN | : 1349816825 |
Download On Competition in Economic Theory Book in PDF, ePub and Kindle
Author | : Philip Walter Sawford Andrews |
Publisher | : |
Total Pages | : 141 |
Release | : 1966 |
Genre | : |
ISBN | : |
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