The Crisis of Vision in Modern Economic Thought
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Crisis of Vision in Modern Economic Thought by Robert L. Heilbroner
Book DescriptionA 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 to the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The 'unraveling' of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's 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.
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Book DetailsISBN: 9780521497749
(216mm x 138mm x 9mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Jan-1996
Country of Publication: United Kingdom
Books By Author Robert L. Heilbroner
Worldly Philosophers, Paperback (May 2000)
Defines the common thread linking the world's greatest economic thinkers and explores the philosophies that motivate them. This work enables us to see more deeply into our history, and provides the new theme that connects thinkers as different as Adam Smith and Karl Marx: the desire to understand how a capitalist society works.
Economics Explained, Paperback (November 1998)
This updated edition of the definitive introduction to economics addresses urgent topical issues, including the increasing inequality in the distribution of income, the impact of the "globalisation" of capitalism, and the far-reaching effects of the new technologies.
Teachings from the Worldly Philosophy, Paperback (September 1997)» View all books by Robert L. Heilbroner
Selections from great writings on economics, annotated and introduced by a distinguished economist and teacher.
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