Competing Schools of Economic Thought

Competing Schools of Economic Thought PDF Author: Lefteris Tsoulfidis
Publisher: Springer Science & Business Media
ISBN: 3540926933
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
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.

Competing Schools of Economic Thought

Competing Schools of Economic Thought PDF Author: Lefteris Tsoulfidis
Publisher: Springer Science & Business Media
ISBN: 3540926933
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
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.

Economic Thought Schools

Economic Thought Schools PDF Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
What is Economic Thought Schools A school of economic thought is a collection of economists who have shared or shared a common perspective on the way economies function. This school of thought has its roots in the history of economic theory. Although there are instances when economists do not fit into specific schools of thinking, particularly in modern times, it is customary practice to categorize economists according to their schools of thought. There are three distinct phases that can be loosely distinguished in terms of economic thought: premodern, early modern, and modern. Since the beginning of what is known as the modern era, systematic economic theory has been developed to a significant extent. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Schools of economic thought Chapter 2: Neoclassical economics Chapter 3: General equilibrium theory Chapter 4: Index of economics articles Chapter 5: Business cycle Chapter 6: Classical economics Chapter 7: Economic efficiency Chapter 8: Heterodox economics Chapter 9: Lange model Chapter 10: Mainstream economics Chapter 11: Neoclassical synthesis Chapter 12: New classical macroeconomics Chapter 13: Economic ideology Chapter 14: Keynesian Revolution Chapter 15: History of macroeconomic thought Chapter 16: Anwar Shaikh (economist) Chapter 17: Perspectives on capitalism by school of thought Chapter 18: New neoclassical synthesis Chapter 19: Disequilibrium macroeconomics Chapter 20: Marxian economics Chapter 21: Marxism and Keynesian economics (II) Answering the public top questions about economic thought schools. (III) Real world examples for the usage of economic thought schools in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of economic thought schools. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of economic thought schools.

Seven Schools of Macroeconomic Thought

Seven Schools of Macroeconomic Thought PDF Author: Edmund S. Phelps
Publisher: Clarendon Press
ISBN: 0191521280
Category : Business & Economics
Languages : en
Pages : 124

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Book Description
This book offers an excellent survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of modern macroeconomic approaches by a scholar whose own contribution to the field is considerable. In each of his seven chapters, the author reviews one school of economic thought. These are: the Keynesian school of macroeconomics; the monetarist school; the New Classical school; the New-Keynesian school; supply side macroeconomics, and `non-monetary' models of macroeconomics - the real business cycle theory and the `structuralist school' which views changes in unemployment as the outcome of shifts in the structural characteristics of the economy. The book is the text of the first series of Ryde Lectures, established by Lund University in Sweden.

Schools and Streams of Economic Thought

Schools and Streams of Economic Thought PDF Author: Edmund Whittaker
Publisher:
ISBN: 9781258509378
Category :
Languages : en
Pages : 434

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Book Description


Capitalism

Capitalism PDF Author: Anwar Shaikh
Publisher: Oxford University Press
ISBN: 0199390657
Category : Business & Economics
Languages : en
Pages : 896

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Book Description
Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.

The Evolution of Economic Thought

The Evolution of Economic Thought PDF Author: Stanley L. Brue
Publisher: Thomson South-Western
ISBN: 9781133434900
Category : Economics
Languages : en
Pages : 580

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Book Description
This textbook presents the history of economics and the philosophies that drive the economic way of thinking. It explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow.

A Modern Guide to Economic Thought

A Modern Guide to Economic Thought PDF Author: Douglas Mair
Publisher: Edward Elgar Pub
ISBN: 9781852786403
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
This book provides a comprehensive introduction to the main schools of contemporary economic thought, presenting the current state of each school in its own terms, indicating its raison d'ĂȘtre, why each school thinks as it does and the questions to which it is trying to find answers. There is an introductory chapter on the philosophy and methodology of economics and separate chapters on the Austrian, neo-Classical, Chicago, Keynesian, post-Keynesian, Institutionalist/Evolutionary and Radical/Martian schools each written by an economist with specialist knowledge of the particular school. the book explains in straight-forward terms the ideologies, methodological practices, issues, assumptions, evidence and conclusions in a positive and constructive way. Summaries are provided to allow readers to establish the principal features of each school.

Schools and Streams of Economic Thought (Classic Reprint)

Schools and Streams of Economic Thought (Classic Reprint) PDF Author: Edmund Whittaker
Publisher: Forgotten Books
ISBN: 9781527934474
Category : Business & Economics
Languages : en
Pages : 442

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Book Description
Excerpt from Schools and Streams of Economic Thought For the most part, the writers whose works are studied are allowed to tell their own stories in short quotations from their works, when these are available in English and such a practice can be followed without disturbing the narrative or using too much space. Where quotations are made, references ordinarily are given to the editions used. Use has sometimes depended on convenience, but in most in stances the sources are available in the larger libraries. Where there are a number of editions of the same book and it seems appropriate, references are made to chapters and sections rather than to pages of particular editions. With one exception (in a papal encyclical), the King James version has been used for Bible quotations. The book has been prepared on the assumption that few of its readers are likely to want to check authorities which are unavailable to them except in foreign languages but that many may desire to do so when only English is involved. This may be an unscholarly view to take, but it is a realistic one. References are given accordingly. Names have been given in full when a writer is first mentioned in an important connection. It is unsatisfactory to be able only to refer to a person as this or that because one is unaware of what the initials represent. Where, as sometimes with French writers, there are too many given names for this practice to seem reasonable, one or more of these names are omitted, as may appear appropriate. British peers are given their correct titles. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Teaching the History of Economic Thought

Teaching the History of Economic Thought PDF Author: Daniela Tavasci
Publisher: Edward Elgar Publishing
ISBN: 1788113489
Category :
Languages : en
Pages : 1600

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Book Description
Stemming from the idea that economics is a social science that tends to forget its own history, this refreshing book reflects on the role of teaching with historical perspectives. It offers novel ways of integrating the history of economics into the curriculum, both in history of economic thought modules and in other sub-disciplines. Coming from a wide diversity of experiences, the chapters share the idea that studying the history of thought exposes students to pluralism and is therefore an essential pedagogical tool.

The Origins of Development Economics

The Origins of Development Economics PDF Author: Jomo Kwame Sundaram
Publisher: Zed Books
ISBN: 9781842776476
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
A history of the emergence of development economics as a distinct sub-discipline.