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The Crisis of Vision in Modern Economic Thought
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The Crisis of Vision in Modern Economic Thought Paperback - 1996

by Robert L. Heilbroner; William S. Milberg

A deep and widespread crisis affects modern economic theory, a crisis that revies from the absence of a "vision"--a set of widely shared political and social preconceptions. 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.


From the publisher

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.

Details

  • Title The Crisis of Vision in Modern Economic Thought
  • Author Robert L. Heilbroner; William S. Milberg
  • Binding Paperback
  • Edition 1st
  • Pages 144
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press, NY
  • Date 1996-01-26
  • ISBN 9780521497749 / 0521497744
  • Weight 0.43 lbs (0.20 kg)
  • Dimensions 7.82 x 6.16 x 0.37 in (19.86 x 15.65 x 0.94 cm)
  • Library of Congress subjects Economics - History - 20th century
  • Library of Congress Catalog Number 95016469
  • Dewey Decimal Code 330.09

Media reviews

Citations

  • New York Times, 01/28/1996, Page 29
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The Crisis of Vision in Modern Economic Thought
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