A Critique of Economic Theory

A Critique of Economic Theory PDF Author: E. K. Hunt
Publisher: Penguin (Non-Classics)
ISBN:
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
Critique of mainstream capitalist economics and economic theories, comprising selected economic research essays primarily oriented toward Marxism and socialism - includes sections on (1) historical descriptions of the rise of the neo-classical school, (2) mystification and the evasion of social reality, (3) the capital controversy and income distribution, (4) values, prices and profits in commodity society, (5) the role of the State in monopoly capitalism. Bibliography and references.

A Critique of Economic Theory

A Critique of Economic Theory PDF Author: E. K. Hunt
Publisher: Penguin (Non-Classics)
ISBN:
Category : Business & Economics
Languages : en
Pages : 488

Get Book Here

Book Description
Critique of mainstream capitalist economics and economic theories, comprising selected economic research essays primarily oriented toward Marxism and socialism - includes sections on (1) historical descriptions of the rise of the neo-classical school, (2) mystification and the evasion of social reality, (3) the capital controversy and income distribution, (4) values, prices and profits in commodity society, (5) the role of the State in monopoly capitalism. Bibliography and references.

The Global Economic Crisis

The Global Economic Crisis PDF Author: Emiliano Brancaccio
Publisher: Routledge
ISBN: 1136724168
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
Why did the economists of the so-called "mainstream" seem to fail to foresee the global economic crisis that exploded in 2008? And why do they appear to have difficulty in putting forward an interpretation of it that is consistent with the theoretical foundations of their models? These two questions have echoed insistently since the outbreak of the crisis, not only in academic circles but also in the mass media, and appear to reflect increasingly widespread dissatisfaction with the dominant paradigm of economic theory. Many believe that the global recession now underway may constitute an historic watershed for the evolution of economics and therefore that an authentic change of paradigm is called for, rather than only minor adjustments to the dominant approach. Since the start of the crisis, there has indeed been a profusion of contributions from alternative areas of economic study, and in particular from those adopting a critical stance with respect to mainstream economic theory. This collection puts forward promising reinterpretations of the primary schools of heterodox political economy, stringent critiques of the conventional readings of the recession, new schemes of theoretical and empirical analysis of the crisis, and proposals for economic policies alternative to those hitherto adopted. This book contains a selection of some of the most recent contributions to the critique of mainstream economic theory and policy, and discusses the origins and possible evolutions of the current economic crisis. The collection should be of interest to students and researchers focussing on macroeconomics, monetary economics, political economy and financial economics.

Production of Commodities by Means of Commodities

Production of Commodities by Means of Commodities PDF Author: Piero Sraffa
Publisher: CUP Archive
ISBN: 9780521065399
Category : Business & Economics
Languages : en
Pages : 116

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Book Description
First paperback edition, 1975.

The Limits of Public Choice

The Limits of Public Choice PDF Author: Lars Udehn
Publisher: Routledge
ISBN: 1134802021
Category : Business & Economics
Languages : en
Pages : 468

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Book Description
Public choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.

Theory as Critique: Essays on Capital

Theory as Critique: Essays on Capital PDF Author: Paul Mattick
Publisher: BRILL
ISBN: 9004366571
Category : Political Science
Languages : en
Pages : 293

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Book Description
Theory as Critique, while discussing many central issues of Marxian theory, has two main emphases: First, as the title suggests, it takes seriously Capital’s claim to be a critique of economic theory, rather than a contribution to political economy. Understanding what this means, it shows, goes far to unravelling many difficulties traditionally found in Marx’s book, from the nature of his theory of class to the 'transformation problem'. Secondly, Mattick’s volume carefully explores how to bridge the gap between the extreme abstraction of Marx’s ideas and the complex reality that they are intended to help us understand.

Contending Economic Theories

Contending Economic Theories PDF Author: Richard D. Wolff
Publisher: MIT Press
ISBN: 0262517833
Category : Business & Economics
Languages : en
Pages : 425

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Book Description
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.

Economics Rules

Economics Rules PDF Author: Dani Rodrik
Publisher: Oxford University Press, USA
ISBN: 0198736894
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
A leading economist trains a lens on his own discipline to uncover when it fails and when it works.

Critique of Economic Reason

Critique of Economic Reason PDF Author: Andre Gorz
Publisher: Verso Books
ISBN: 1844676676
Category : Political Science
Languages : en
Pages : 273

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Book Description
André Gorz’s earlier books—from Ecology as Politics to Farewell to the Working Class and Paths to Paradise—have informed and inspired the most radical currents in Green movements in Europe and America over the last two decades. In Critique of Economic Reason, he offers his fullest account to date of the terminal crisis of a system where every activity and aspiration has been subjected to the rule of the market. By carefully delineating the existential and cultural limits of economic rationality, he emphasizes the urgent need to create a society which rejects the work ethic in favor of an emancipatory ethic of free time. At the heart of his alternative is an advocacy not of “full employment,” but of an equal distribution of the diminishing amount of necessary paid work. He presents a practical strategy for reducing the working week, and develops a radical version of a guaranteed wage for all. Above all, he argues that a utopian vision is now the only realistic proposal, and that “economic reason must be returned to its true—that is subordinate—place.”

An Evolutionary Theory of Economic Change

An Evolutionary Theory of Economic Change PDF Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456

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Book Description
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Critical Theory and the Critique of Political Economy

Critical Theory and the Critique of Political Economy PDF Author: Werner Bonefeld
Publisher: A&C Black
ISBN: 1441161392
Category : Political Science
Languages : en
Pages : 257

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Book Description
Subversive thought is none other than the cunning of reason when confronted with a social reality in which the poor and miserable are required to sustain the illusion of fictitious wealth. Yet, this subsidy is absolutely necessary in existing society, to prevent its implosion. The critique of political economy is a thoroughly subversive business. It rejects the appearance of economic reality as a natural thing, argues that economy has not independent existence, expounds economy as political economy, and rejects as conformist rebellion those anti-capitalist perspectives that derive their rationality from the existing conceptuality of society. Subversion focuses on human conditions. Its critical subject is society unaware of itself. This book develops Marx's critique of political economy as negative theory of society. It does not conform to the patterns of the world and demands that society rids itself of all the muck of ages and founds itself anew.