A Search for Synthesis in Economic Theory

Ching-Yao Hsieh, S.L. Magnum, Stephen L. Mangum

• Publisher: Routledge
• Year: 2019
• eBook ISBN: 9781315495088
• Topic: Business
• Subtopic: Economic Theory
• Index: Business

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.

Table of contents

• Cover
• Half Title
• Title
• Copyright
• Dedication
• Contents
• List of Figures
• Acknowledgments
• Introduction
• Part I. Contemporary Reinterpretations of Classicism
• Part II. Contemporary Reinterpretations of the Neoclassical Synthesis
• Part III. Contemporary Reinterpretations of Post-Keynesianism
• Part IV. The Widening Common Ground in Economic Analysis
• Notes
• Bibliography
• About the Authors