Download or read book Marginalism Subjectivism and the Invisible Hand written by Roger Glenn Koppl and published by . This book was released on 1988 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modern Austrian Economics Vol 1 written by Sandye Gloria-Palermo and published by Taylor & Francis. This book was released on 2024-10-28 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the post-1970s area of the Austrian economic tradition, from its revival to its contemporary directions and development. The book comprises texts on the relationship of Austrian economics to Institutionalism, Evolution, and Post-Keynesian economics to present a look at "the way forward".
Download or read book Journal of Institutional and Theoretical Economics written by and published by . This book was released on 1992 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Socialism Marginalism in Economics 1870 1930 written by Ian Steedman and published by Routledge. This book was released on 2003-05-20 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise to dominance of marginalist economics coincided with a major increase in the spread of socialist ideas. As many socialist and Marxist thinkers were preocuppied with economic questions this was scarcely a development that could be ignored. Socialists either had to defend Marxist economics against marginalist criticism or show that socialism and marginalism were compatible. This volume explores the varied socialist responses in a number of major European countries including Italy, France, Russia and German speaking countries.
Download or read book Dissertation Abstracts International written by and published by . This book was released on 1989 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marx Marginalism and Modern Sociology written by Simon Clarke and published by MacMillan Publishing Company. This book was released on 1982 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Market as an Economic Process written by Ludwig M. Lachmann and published by . This book was released on 2020-06-22 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely acknowledged among economists today that their discipline is in a state of some disarray. Behind the controversies particular to the times lies a fundamental crisis of thought, rooted in the increasingly apparent inadequacy of the neoclassical approach that has been dominant for some fifty years. The failure to impose such a formalistic framework has fostered the return from the wilderness of the subjectivist Austrian School of economics and renewed debate on the nature of markets and the predictability of economic phenomena. Until recently subjectivist economics has been largely ignored by mainstream economists. But as the dominant neoclassical, Keynesian, and monetarist approaches have each been championed in turn only to be found wanting at the end of the day, the Austrian approach has come to seem increasingly promising. In this book, first published in 1986 and now reprinted with a new foreword from Solomon M. Stein and Virgil Henry Storr, Ludwig M. Lachmann presents his case for viewing economic events as elements within an ongoing process dependent on human actions in a world where the future, though not unimaginable, is unknowable. In stark contrast to the mechanistic world view of mainstream orthodoxy, his perspective takes due account of the complex workings of the human mind. His insistence on the variety of ways in which markets may function warns against elevating any "process" theory to the levels of abstraction characteristic of neoclassical equilibrium theory. Drawing easily on the classics as well as the most recent theoretical developments, Lachmann sheds new light on each of the areas he discusses. Ludwig M. Lachmann (1906-1990) witnessed and participated in numerous controversies for over fifty years as a leading member of the Austrian School, while remaining receptive to ideas from a diversity of disciplines and schools of thought. He studied under F. A. Hayek at the London School of Economics in the 1930s, and was a distinguished member of the Austrian School of economics and has played an active part in its revival over the past ten years. His previous publications include Capital and its Structure (1956), The Legacy of Max Weber (1970), and Capital Expectations and the Market Process (1977).
Download or read book Ricardo s Economics written by Michio Morishima and published by Cambridge University Press. This book was released on 1990-10-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. The author's assessment of Ricardo differs substantially from the established views adopted by economists and historians of economic thought. While economists such as Pasinetti, Caravale and Samuelson have concentrated on macroeconomic interpretations of Ricardo, and historians of economic thought have emphasised his labour theory of value, Morishima takes a different course. In this book the author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economies without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system (very similar to Walras') concealed within. The analysis also contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages and profits rather than labour values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.
Download or read book An Austrian Perspective on the History of Economic Thought written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Austrian Economics written by Steven Horwitz and published by Cato Institute. This book was released on 2020-07-14 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.
Download or read book Walras Economics written by Michio Morishima and published by Cambridge University Press. This book was released on 1981-09-03 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1977, this book is a companion to Professor Morishima's book Marx's Economics which was published in 1973. As he did so successfully with Marx, Morishima intended with this book to change the standard assessment of his subject's contribution to the development of economic thought. The standard view was that Walras provided, in the second half of the nineteenth century, the basis for general equilibrium theory. He was thus regarded as a microeconomist, a founder of marginalism; but Morishima argues that, while Walras certainly made important contributions in that area, it is his attempt to build a macroeconomics on that foundation that should be regarded as his main achievement. This book will provoke great interest amongst all economists and advanced students of economic theory and its history.
Download or read book Capital as Power written by Jonathan Nitzan and published by Routledge. This book was released on 2009-06-02 with total page 853 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.
Download or read book Global Political Economy written by Ronen Palan and published by Routledge. This book was released on 2005-08-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the cutting edge debates in global political economy? This book presents an invaluable overview of all the major contemporary debates and approaches at the forefront of European and North American global political economy. The book covers the following topics: * the six central concepts of global political economy: state, firm, capital, power, labour and globalisation * theories at the frorefront of GPE: rational choice, neo-institutionalism, neo-Marxism, constructivism and postmodernity * recent developments in theoretical approaches such as game theory, modern rational and public choice theory, development theory, historical sociology * how global political economy is best understood in terms of three traditions of political economy: Marxism, rationalism and hermeneutics/institutionalism No other book provides such succinct summaries, by international experts in the field, of such topical and wide-ranging issues. This book represents an essential textbook, ideal for students and lecturers in International Political Economy and International Relations.
Download or read book The Invisible Hand written by Bruna Ingrao and published by MIT Press (MA). This book was released on 1990 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of the fundamental theoretical underpinnings of modern economies examines how economists define and categorize the market. It suggests that modeling a social science such as economics on the physical/mathematical sciences has created intractable problems, and that the basic structure of the theory needs rethinking.A meticulously researched work in the field of mathematical economics and pure theory, The Invisible Hand traces the evolution of general economic equilibrium theory in its rich interaction with the physical sciences over a period of more than 150 years. The authors discuss how the "invisible hand" that balances physical processes was inspiration and model for the creation of general economic equilibrium theory.Ingrao and Israel review fundamental concepts of the theory, showing how its early forms, strictly analogous to mechanical equilibrium, arose from the cultural atmosphere generated by Newtonianism and the French Enlightenment. They describe developments and changes in the theory from the work of Leon Walras and Vilfredo Pareto through restructuring by the Vienna group and John Von Neumann and the contributions of the Robbins group at the London School of Economics, to its current formulations in the work of Irving Fisher, Paul Samuelson, Kenneth Arrow, and Gerard Debreu.Concluding chapters survey the results obtained in attempts to deal with questions of the existence of equilibrium, its uniqueness, and the problem of global stability. Ingrao and Israel find that the theory has arrived at a dead end, which raises serious doubts about the internal consistency of the basic model.Bruna Ingrao is Associate Professor of Economics at the University of Sassari and Giorgio Israel is Associate Professor of Mathematics at the University of Rome.
Download or read book Hayek and After written by Jeremy Shearmur and published by Routledge. This book was released on 1996-09-05 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shearmur takes an historical approach to Hayek's works, analysing the evolution of his views. He argues that Hayek's work represents a research programme, and explores ways in which this might be extended.
Download or read book Evolution of Austrian Economics written by Sandye Gloria-Palermo and published by Routledge. This book was released on 2002-01-04 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues, against the dominant orthodoxy in the history of economic thought, for the originality of Carl Menger's contribution to the development of the Austrian school of economics. Situating the evolution of Menger's thought in the tradition of classical political economy, the author documents the emergence of a Mengerian logic and its contribution to the formation of a distinctly Austrian tradition of economics. In its bold elucidation of the shaping of a tradition in economic thought, Tradition and Innovation in Austrian Economics provides a fresh and challenging perspective on the Austrian school which will be of interest to researchers in Austrian economics and the history of economic thought.
Download or read book Neoclassical Economic Theory 1870 to 1930 written by Klaus Hennings and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warren J. Samuels Each book in this series explores the present status of its field in terms of where it is, how it got there, the existing tensions within the field, and something of how the field might develop in the future. Each book presumes that work in each field is neither settled nor unequivocal. Each book attempts to comprehend its field as an evolving, developmental process or set or efforts. This particular book, covering neoclassical economics, is the third of three in the field of the History of Economic Thought. The others are Pre-Classical Economic Thought, edited by S. Todd Lowry, and Classical Political Economy, edited by William O. Thweatt. Each one conducts the same kind of analysis as the others in the series, with the understanding that here we are dealing with the history of interpretation, rather than a substantive body of analysis of a certain aspect of the economy: for example, labor or international trade. (That understanding must be com plex and subtle, inasmuch as revision of interpretation of earlier ideas is part of the process-both cause and consequence-of re-analyzing the economy. ) In this group we are interested in how recent and contemporary writers have interpreted the history of economic thought differently, both among themselves and from earlier writers. 1 NEOCLASSICAL ECONOMIC lHEORY 2 Several topics must be discussed to place such work in perspective, in part as it is here applied to the history of the interpretation of neoclassical economics.
