Download e-book for kindle: Contending Economic Theories: Neoclassical, Keynesian, and by Richard D. Wolff,Stephen A. Resnick

By Richard D. Wolff,Stephen A. Resnick

ISBN-10: 0262018004

ISBN-13: 9780262018005

ISBN-10: 0262517833

ISBN-13: 9780262517836

Contending monetary Theories deals a different comparative remedy of the 3 major theories in economics because it is taught this present day: neoclassical, Keynesian, and Marxian. every one is built and mentioned in its personal bankruptcy, but additionally differentiated from and in comparison to the opposite theories. The authors establish each one theory's start line, its objectives and foci, and its inner common sense. They attach their comparative thought research to the bigger coverage concerns that divide the rival camps of theorists round such vital concerns because the function govt may still play within the financial system and the category constitution of construction, stressing the various analytical, coverage, and social judgements that stream from every one theory's conceptualization of economics. The authors, development on their prior publication Economics: Marxian as opposed to Neoclassical, supply an increased therapy of Keynesian economics and a entire advent to Marxian economics, together with its classification research of society. past delivering a scientific clarification of the common sense and constitution of normal neoclassical concept, they learn fresh extensions and advancements of that conception round such issues as industry imperfections, info economics, new theories of equilibrium, and behavioral economics, contemplating no matter if those advances characterize new paradigms or basically changes to the traditional concept. in addition they clarify why financial reasoning has various between those 3 techniques through the 20th century, and why this alteration keeps today--as neoclassical perspectives fall down to new Keynesian methods within the wake of the commercial cave in of 2008.

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Contending Economic Theories: Neoclassical, Keynesian, and Marxian (MIT Press) by Richard D. Wolff,Stephen A. Resnick

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