Competing Schools of Economic Thought

ISBN-13: 9783540926924 / Angielski / Twarda / 2010 / 428 str.

Lefteris Tsoulfidis

Opis

This book explores the core ideas and policy recommendations of the major schools of economic thought and analyzes their relevance to current conditions. Each chapter includes a summary, critical remarks, questions and recommendations for further reading.

Spis treści

The Origins of Economic Theory.- Adam Smith’s Wealth of Nations.- David Ricardo’s Principles of Political Economy.- Karl Marx’s Das Kapital.- The Structure of Classical Theory.- The Structure of the Neoclassical Theory.- Theory of Capital and Cambridge Controversies.- Between Competition and Monopoly.- Keynes’s General Theory.- The Neoclassical Synthesis.- Disequilibrium Macroeconomics: From Its Brief Ascent to the Rapid Decline.- The Rise and Fall of Monetarism.- New Classical Macroeconomics.- The Real Business Cycles Approach.- The Return of (New) Keynesian Economics.- Economic Theory in Historical Perspective.

Blurb

The greatest works of economists have the potential to provide insights on current economic developments and policy challenges long after they are written. This book seeks to investigate the evolution of the core ideas and policy recommendations of the major schools of economic thought, and to present and critically evaluate those theories that have survived over time and can inform us about current developments and economic policies. The theories of major economists are presented and used to promote an understanding of the underlying mechanisms of the economy and to address contemporary problems and issues. In addition, the book explores the fascinating dynamics of shifting from one school of economic thought to another. Each chapter concludes with a summary, critical remarks, a set of questions for reflection and discussion, and recommendations for further reading.