| Description |
1 online resource (xxvii, 435 pages) : illustrations |
| Contents |
1. Introduction. Observations on the state of alternative economic theory. Problems and plan -- 2. Some basic concepts and issues in the social sciences. Society and individuals. Knowledge about society -- 3. Some basic issues in political economy. Definitional issues in political economy and economics. Institutions and the classical view of society. The classical heritage and the Keynesian problem. Layers of reality and the treatment of time: system equilibrium versus uncertainty and expectations. Remarks on integrating theory and history -- 4. Towards a coherent system of political economy. Extending Keynes to the long run. The trend and the cycle. A theory of long-period output and employment. A theory of the medium term: cycles-cum-growth |
| Summary |
This book is about the conceptual foundations of an intermediate way between liberalism and socialism: a synthesis of classical (Ricardian) and Keynesian political economy. Classical theory deals with proportions between individuals or collectives and society in tackling problems of distribution and value. Keynesian theory is concerned with the scale of economic activity as explained by effective demand. The economy considered is primarily a monetary production economy, not a market or a planned economy. The author sets up a system linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences. To complete the picture, issues of method associated with the theory of knowledge in the social sciences and the problem of linking theory with historical reality are also covered |
| Bibliography |
Includes bibliographical references (pages 418-428) and index |
| Notes |
English |
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Print version record |
| Subject |
Classical school of economics.
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Keynesian economics.
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Institutional economics.
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Economic policy.
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Social sciences -- Philosophy.
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BUSINESS & ECONOMICS -- Economics -- Theory.
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Classical school of economics
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Economic policy
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Institutional economics
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Keynesian economics
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Social sciences -- Philosophy
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Keynesianisme.
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Economie.
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Economische politiek.
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Instituties.
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| Form |
Electronic book
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| ISBN |
0511001215 |
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9780511001215 |
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