The Crisis of Vision in Modern Economic ThoughtCambridge University Press, 26 янв. 1996 г. - Всего страниц: 144 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 into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative 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. |
Содержание
What Is at Stake | 1 |
Classical Situations | 9 |
The Keynesian Consensus | 25 |
The Great Unraveling | 48 |
The Inward Turn | 68 |
The Nature of Society | 97 |
The Crisis of Vision | 118 |
129 | |
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aggregate Alan Blinder American Economic Review approach basis behavior capitalism capitalist central chapter concept consensus critique determination dynamics econometric economic analysis economic theory economists emerge empirical equilibrium failure focus framework Friedman's function Gregory Mankiw history of economic important income individual markets inflation inquiry insofar IS/LM IS/LM model John Maynard Keynes Journal of Economic Keynes Keynes's Keynesian classical situation Keynesian doctrine Keynesian theory labor Lawrence Summers Lucas M. E. Sharpe macro Macroeconomics marginal marginalist Marshall Marshallian Marxian Marxism ment micro Millian modern economic thought Monetarism monetarist monetary natural neoclassical nesian nomic nomic thought outcomes Paul Davidson period Phillips curve Political Economy Post Keynesian Economics preanalytical question rational expectations Real Business Cycles reason Rise of Keynesian Robert Heilbroner role Schumpeter Schumpeter's scientific sion social order society sociopolitical stagflation theoretical tion unemployment utility vision and analysis wages