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Classical Economic Theory and the Modern Economy

Steven Kates

in Books from Edward Elgar Publishing

Abstract: Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2020
ISBN: 9781786433565
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Chapters in this book:

Ch 1 Introduction , pp 1-16 Downloads
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Ch 2 The purpose of this book and why only I could write it , pp 17-44 Downloads
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Ch 3 The background , pp 45-55 Downloads
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Ch 4 The Keynesian revolution and classical theory , pp 56-84 Downloads
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Ch 5 Understanding classical presuppositions, terminology and concepts , pp 85-112 Downloads
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Ch 6 The classical theory of value and the marginal revolution , pp 113-130 Downloads
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Ch 7 Keynesian theory overruns the classics , pp 131-167 Downloads
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Ch 8 The basis for Keyness success: why was Keynes able to succeed? , pp 168-190 Downloads
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Ch 9 Classical theory and the role of government , pp 191-201 Downloads
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Ch 10 Austrian economic theory and the classical economic tradition , pp 202-215 Downloads
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Ch 11 An overview of classical economic theory , pp 216-240 Downloads
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Ch 12 Afterword , pp 241-241 Downloads
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