Introduction: History and Vision in Economics

Edward J. Nell

Chapter 1 in Economics as Worldly Philosophy, 1993, pp 1-11 from Palgrave Macmillan

Abstract: Abstract In a famous essay a few years ago, at a time when her admirers had perhaps hoped for answers, Joan Robinson asked instead, ‘What Are the Questions?’ Her list provided a catalogue of the ills of economics: unsatisfactory definitions at the heart of the subject — in regard to equilibrium, production, and the firm; inappropriate methodology for considering time and history; confused and unsatisfactory theories of capital, distribution, prices, growth and trade; ideology rather than analysis guiding policy; and, above all, no clear idea of what it is all about — no adequate answer to the question, what is more wealth for?

Keywords: Capital Accumulation; Creative Destruction; Mainstream Economic; Shopping List; Circular Flow (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22572-9_1

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