Normal view MARC view ISBD view

Crisis of vision in modern economic thought

By:

Heilbroner, Robert; Milberg, William

Material type: Text

TextPublication details: 1995 Cambridge University Press New YorkDescription: ix,131p 22 cm ; PbkISBN:

978-0521497744

Subject(s):

Economics

Contents:

1. What Is at Stake -- 2. Classical Situations -- 3. The Keynesian Consensus -- 4. The Great Unraveling -- 5. The Inward Turn -- 6. The Nature of Society -- 7. The Crisis of Vision.

Summary: A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--A set of widely shared political and social preconceptions - on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's analysis attempts both to describe this state of affairs and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks

Tags from this library: No tags from this library for this title. Log in to add tags.

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	H.T. Parekh Library	GSB Collection	330.09 HEI (Browse shelf(Opens below))	Available		21918

1. What Is at Stake --
2. Classical Situations --
3. The Keynesian Consensus --
4. The Great Unraveling --
5. The Inward Turn --
6. The Nature of Society --
7. The Crisis of Vision.

A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--A set of widely shared political and social preconceptions - on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's analysis attempts both to describe this state of affairs and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks

There are no comments on this title.

to post a comment.