Economic Theory Vs Economic Reality
Author | : Helmut Arndt |
Publisher | : |
Total Pages | : 226 |
Release | : 1984 |
Genre | : Business & Economics |
ISBN | : |
Download Economic Theory Vs Economic Reality Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Economic Theory Vs Economic Reality PDF full book. Access full book title Economic Theory Vs Economic Reality.
Author | : Helmut Arndt |
Publisher | : |
Total Pages | : 226 |
Release | : 1984 |
Genre | : Business & Economics |
ISBN | : |
Author | : Tony Lawson |
Publisher | : Psychology Press |
Total Pages | : 388 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : 9780415154208 |
Discusses and critiques the current practice of economics.
Author | : Kostis, Pantelis C. |
Publisher | : IGI Global |
Total Pages | : 340 |
Release | : 2020-10-30 |
Genre | : Business & Economics |
ISBN | : 1799849341 |
In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems. Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students.
Author | : Walter Eucken |
Publisher | : Springer Science & Business Media |
Total Pages | : 357 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642773184 |
THE FIRST GERMAN edition of this book appeared in 1940. Since then the book has gone through five more editions and has been translated into Spanish and Italian. The present English translation is based on the sixth German edition. The author was Professor of Economics at the University of Freiburg, Germany. Professor Eucken was a student at a time when the Historical School dominated the teaching of econo mics at the German universities. Although, at the beginning of his career, he did some work along the lines of the Historical School, neither the ~ims nor the methods of historical research the field of economics as practised by the representatives in of the Historical School satisfied him; and the fact that the members of this school were unable to explain the causes of economic events such as the German inflation after World War I was an added reason for him to turn to economic theory. He became, among German economists, the foremost opponent of the Historical School, which he criticised in several publica tions. Through his wrItings and his teaching he contributed his share to the revival of interest in economic theory which was noticeable in the 'twenties. And he was one of the few economists left in Germany who helped to keep this interest alive during the 'thirties and during World War II. During this time he published Kapitaltheoretische Untersuchungen (1936), and the present volume, which immediately gave rise to an extensive discussion in German economic journals.
Author | : Theodore Mariolis |
Publisher | : Springer |
Total Pages | : 253 |
Release | : 2016-01-13 |
Genre | : Political Science |
ISBN | : 4431550046 |
This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />
Author | : Fabian Muniesa |
Publisher | : Routledge |
Total Pages | : 137 |
Release | : 2014-05-16 |
Genre | : Social Science |
ISBN | : 1135090025 |
Do things such as performance indicators, valuation formulas, consumer tests, stock prices or financial contracts represent an external reality? Or do they rather constitute, in a performative fashion, what they refer to? The Provoked Economy tackles this question from a pragmatist angle, considering economic reality as a ceaselessly provoked reality. It takes the reader through a series of diverse empirical sites – from public administrations to stock exchanges, from investment banks to marketing facilities and business schools – in order to explore what can be seen from such a demanding standpoint. It demonstrates that descriptions of economic objects do actually produce economic objects and that the simulacrum of an economic act is indeed a form of realization. It also shows that provoking economic reality means facing practical tests in which what ought to be economic or not is subject to elaboration and controversy. This book opens paths for empirical investigation in the social sciences, but also for the philosophical renewal of the critique of economic reality. It will be useful for students and scholars in social theory, sociology, anthropology, philosophy and economics.
Author | : John Legge |
Publisher | : Routledge |
Total Pages | : 337 |
Release | : 2017-09-08 |
Genre | : Business & Economics |
ISBN | : 1351295675 |
John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use calculus to explain human behaviour. A real economy involves people who are not variables in equations. This error led to a second, mainstream economics becoming obsessed with equilibrium. However, constant change is the reality and one cannot explain the present without understanding the path taken to get here. This book presents economics in historical context. It includes a short account of the contributions by some of the key figures in economic theory, starting with Adam Smith. Smith placed great weight on morality: he believed that economic activity took place in a society and could not be justified except insofar as it advanced the interests of that society. Too many economists have come to believe that the interests of society can be measured by a number: that if a policy change raises GDP it is justified, whatever its impact on people.Legge places the economy within society, and society within the environment, explaining that every significant decision has a social and environmental impact, as well as an economic dimension. Seeking to provide answers to students, professional business managers, and those interested in the political process, this work addresses the gap between theory and reality.
Author | : Ezequiel Athayde |
Publisher | : Clube de Autores |
Total Pages | : 231 |
Release | : 2013-12-28 |
Genre | : Business & Economics |
ISBN | : 0978677439 |
UNCOVERED BY A SCIENTIFIC THEORY ON ECONOMIC GROWTH AND RECESSION, WITH AN ENTIRELY NOVEL APPROACH TO THE ENDOGENOUS ECONOMIC SYSTEM AND THE PRODUCTION FUNCTION
Author | : Tibor Scitovsky |
Publisher | : Edward Elgar Publishing |
Total Pages | : 272 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : |
This collection of non-technical papers attempts to bridge the gap between economic theory and economic reality. It focuses on two central themes: the necessity of market imperfections and power as conditions for the proper functioning of the market economy, and the impact of second-hand markets on the macroeconomy. This volume improves access to Professor Scitovsky's work, much of which was originally published either in foreign languages or outside the mainstream literature.
Author | : Roger E. A. Farmer |
Publisher | : OUP USA |
Total Pages | : 0 |
Release | : 2014-05 |
Genre | : Business & Economics |
ISBN | : 9780199360307 |
By explaining, comparing, and finally combining classical and Keynesian economics, Roger Farmer shows how to design ways of correcting the excesses of free market economies that preserve the best features of capitalism without stifling entrepreneurship.