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The Crisis of Vision in Modern Economic Thought

Robert L. Heilbroner, William S. Milberg




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 | #2220060 in eBooks |  1996-01-26 |  1996-01-26 | File type: PDF

||13 of 14 people found the following review helpful.| For Keynes.|By Luc REYNAERT|The authors are harsh for today's US economists, because they have lost contact with the social reality: "the extraordinary combination of arrogance and innocence with which mainstream economics has approached the problems of a nation that had experienced twenty years of declining real wages, forty percent of whose children live in "absolute" pover| |"The Crisis of Vision in Modern Economic Thought is essential reading if one wants to understand the dynamics of why economists have moved from one system of theoretical constructs to another. Everyone, even the central participants in these movements, will l

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 to the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The 'unraveling' of Keynesianism has been follow...

You easily download any file type for your device.The Crisis of Vision in Modern Economic Thought   |  Robert L. Heilbroner, William S. Milberg. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.

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