Economics and Reality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economics and Reality write by Tony Lawson. This book was released on 1997. Economics and Reality available in PDF, EPUB and Kindle. Discusses and critiques the current practice of economics.
Economics and Reality
Economics and Reality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economics and Reality write by Tony Lawson. This book was released on 1997-01-02. Economics and Reality available in PDF, EPUB and Kindle. 'No reality please. We're economists'. There is a wide spread belief that modern economics is irrelevant to the understanding of the real world. In a controversial and original study, Tony Lawson argues that the root of this irrelevance is in the failure of economists to find methods and tools which are appropriate for the social world it addresses
Modern Classical Economics and Reality
Modern Classical Economics and Reality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modern Classical Economics and Reality write by Theodore Mariolis. This book was released on 2016-01-13. Modern Classical Economics and Reality available in PDF, EPUB and Kindle. This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />
Economics versus Reality
Economics versus Reality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economics versus Reality write by John Legge. This book was released on 2017-09-08. Economics versus Reality available in PDF, EPUB and Kindle. John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use calculus to explain human behaviour. A real economy involves people who are not variables in equations. This error led to a second, mainstream economics becoming obsessed with equilibrium. However, constant change is the reality and one cannot explain the present without understanding the path taken to get here. This book presents economics in historical context. It includes a short account of the contributions by some of the key figures in economic theory, starting with Adam Smith. Smith placed great weight on morality: he believed that economic activity took place in a society and could not be justified except insofar as it advanced the interests of that society. Too many economists have come to believe that the interests of society can be measured by a number: that if a policy change raises GDP it is justified, whatever its impact on people.Legge places the economy within society, and society within the environment, explaining that every significant decision has a social and environmental impact, as well as an economic dimension. Seeking to provide answers to students, professional business managers, and those interested in the political process, this work addresses the gap between theory and reality.
Reality and Rhetoric
Reality and Rhetoric - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reality and Rhetoric write by P. T. Bauer. This book was released on 1984. Reality and Rhetoric available in PDF, EPUB and Kindle. Reality and Rhetoric is the culmination of P. T. Bauer's observations and reflections on Third World economies over a period of thirty years. He critically examines the central issues of market versus centrally planned economies, industrial development, official direct and multinational resource transfers to the Third World, immigration policy in the Third World, and economic methodology. In addition, he has written a fascinating account of recent papal doctrine on income inequality and redistribution in the Third World. The major themes that emerge are the importance of non-economic variables, particularly people's aptitudes and mores, to economic growth; the unfortunate results of some current methods of economics; the subtle but important effects of the exchange economy on development; and the politicization of economic life in the Third World. As in Bauer's previous writings, this book is marked by elegant prose, apt examples, a broad economic-historical perspective, and the masterful use of informal reasoning.
