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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... Rational Expectations - Proof and Truth The last macroeconomic position we shall consider is provided by the rational expectations group . We have already introduced the subject because its adherents are anti - Keynes , and their vocal ...
... rational expectations in terms of its underlying logic , Holden et al . survey many studies involving use of the hypothesis in surveys of all sorts and conclude , ' The verdict on the rational expectations hypothesis arising from the ...
Philip A. Klein. in the 1930s did the credibility of the rational expectations position . We have suggested that the rational expectations group rather successfully deflected questions concerning their assertions about the unemployment ...
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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