A Search for Synthesis in Economic Theory Contributor(s): Hsieh, Ching-Yao (Author), Magnum, S. L. (Author), Mangum, Stephen L. (Author) |
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ISBN: 0873323289 ISBN-13: 9780873323284 Publisher: Routledge OUR PRICE: $209.00 Product Type: Hardcover - Other Formats Published: January 1987 |
Additional Information |
BISAC Categories: - Business & Economics | Economics - Theory |
Dewey: 330.1 |
LCCN: 84-29816 |
Lexile Measure: 1420 |
Series: Bibl. Di Quarderni D'Italianistica; 2 |
Physical Information: 320 pages |
Descriptions, Reviews, Etc. |
Publisher Description: First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm, the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors. |