Economics Confronts the EconomyEdward Elgar, 2006 - 396 páginas Economics Confronts the Economy is a challenging and unorthodox look at contemporary economic analysis. Philip Klein presents a highly reasoned and yet personal view of the state of economics today. While his views may be contentious to some, it is an accessible book that will provoke discussion and debate to a wide readership. Professor Klein begins with the assumption that the basic function of economic theory is to provide a sound guide for public policy in assisting society in defining what it means by 'economic progress'. In the words of Thorstein Veblen it involves economic activity as explicit steps to be taken at any given time to enable the economy to play its most effective role in 'enhancing human life'. The book argues that modern mainstream economics is failing in this task in terms of what it teaches young economists, what it contributes to public policy debates and what it has done to the field of economics. This book will have a wide audience throughout the many and varied fields of economics including heterodox economics, micro- and macroeconomics, history of economic thought and economic policy. |
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... effects of unanticipated wealth increments over many time periods ? In sum , the conclusion that business cycles may ... effect ' of consumption changes with income changes . None of these appear as sweeping as Long and Plosser . theory ...
... effect such an increase will need to be repaid , the ' equivalence theorem ' means that household consumption is unaffected by public expenditures financed by borrowing . If this is indeed true , a Keynesian , beginning from Y = C + I + ...
... effect at various points in this book that economic activity can be assessed meaningfully only if it is always and everywhere placed in a cultural or societal context . Professor Gordon has , paradoxically , illustrated the ' burden ...
Índice
The unchanging focus of modern economics | 8 |
List of Figures | 23 |
do we get what we want | 41 |
Direitos de autor | |
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