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The Role of Economic Theory : Recent Economic Thought - Philip A. Klein

The Role of Economic Theory

Recent Economic Thought

By: Philip A. Klein (Editor)

Hardcover Published: 31st August 1994
ISBN: 9780792394525
Number Of Pages: 263

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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.

Contributing Authors
Preface
Introductionp. 1
The Roles of Theory in Economicsp. 21
Economic Theory in the Postrevolutionary Moment of the 1990sp. 47
The Role of Economic Theory: Keynesian Macroeconomicsp. 61
Methodology of Critical Marxian Economic Theoryp. 77
Does Economics Need Theories?p. 97
The Multifarious Role of Theories in Economics: The Case of Different Keynesianismsp. 121
Monetarism and Its Rhetoricp. 159
Conceptual Economic Theoryp. 187
An Institutionalist Mode of Inquiry: Limitations of Orthodoxyp. 197
An Assessmentp. 229
About the Authorsp. 249
Indexp. 253
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792394525
ISBN-10: 0792394526
Series: Recent Economic Thought
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 263
Published: 31st August 1994
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 1.27

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