The Role of Economic Theory: 40 (Recent Economic Thought, 40) - Hardcover

Hardcover

ISBN 10: 0792394526 ISBN 13: 9780792394525

Publisher: Kluwer Academic Publishers, 1994

Synopsis

What is the role of economic theory? Is there any common ground among economists of different schools concerning the role or roles to be played by theory? These were the basic questions in my mind when I undertook to edit a book on the subject. I thought it might prove insightful to exam­ ine the views of distinguished economists of very different persuasions and perspectives on the discipline in general. Accordingly, I invited economists from many of the major schools or groups in contemporary economics to contribute essays. Some were uninterested; some were too busy; but many were more than willing to participate in the exercise. The results make up this book. I knew (or thought I knew) what economists who believe in interven­ tionist policy were going to say, but I was unsure what other economists would say. I found the diversity in the replies, as well as some unexpected agreement, to be thOUght-provoking. I learned from all the participants. I wish to thank Warren Samuels, who originally invited me to edit a book in his series for Kluwer, and Marc Tool, who gave much needed advice and counsel along the way. They both have my thanks for their assistance to me. I thank my colleague, Michael Baye, for his help.

About this title

Synopsis

This book provides the reader with different perspectives on 'economic theory' from the viewpoint of various subdisciplines within economics. This book considers questions including the role of economic theory and what factors influence the way economists view the role of theory in economics. The volume can be broadly divided into two camps - interventionists vs non-interventionists. The editor is successful in presenting the main schools of modern economic thought as well as identifying qualified proponents for these schools. These 'schools' include neoclassical economics, institutional economics, monetary economics, radical economics, rational expectations, game theory, public choice and Keynesians.

Edition details

• Publisher: Kluwer Academic Publishers
• Publication date: 1994
• Language: English
• ISBN 10: 0792394526
• ISBN 13: 9780792394525
• Binding: Hardcover
• Number of pages: 271
• Editor: Klein Philip A.