A Search For Synthesis In Economic Theory

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A Search for Synthesis in Economic Theory

A Search for Synthesis in Economic Theory
Author :
Publisher : Routledge
Total Pages : 281
Release :
ISBN-10 : 9781315495088
ISBN-13 : 1315495082
Rating : 4/5 (082 Downloads)

Book Synopsis A Search for Synthesis in Economic Theory by : Ching-Yao Hsieh

Download or read book A Search for Synthesis in Economic Theory written by Ching-Yao Hsieh and published by Routledge. This book was released on 2019-09-25 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm , the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors.


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