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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Crisis of Vision in Modern Economic Thought

The Crisis of Vision in Modern Economic Thought

Heilbroner, Robert L.
Milberg, William

Paperback

Economics

ISBN10: 0521497744
ISBN13: 9780521497749
Publisher: Cambridge University Press
Published: Jan 26 1996
Pages: 144
Weight: 0.43
Height: 0.37 Width: 6.16 Depth: 7.82
Language: English
A 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 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The unraveling of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative 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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