A Search for Synthesis in Economic Theory: 1st Edition (Hardback) book cover

A Search for Synthesis in Economic Theory

1st Edition

By Ching-Yao Hsieh, S.L. Magnum, Stephen L. Mangum


320 pages

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Hardback: 9780873323284
pub: 1987-01-31
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First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm , the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors.

Table of Contents

Introduction, Contemporary Reinterpretations of Classicism, Contemporary Reinterpretations of the Neoclassical Synthesis, Contemporary Reinterpretations of Post-Keynesianism, The Widening Common Ground in Economic Analysis

About the Authors

Ching-Yao Hsieh is Professor o f Economics at George Washington University. He is the author (with J. Aschiem) of Macroeconomics Income and Monetary Theory and A Short Introduction to Modern Growth Theory. Stephen L. Mangum is Assistant Professor in the Faculty of Managementand Human Resources, The Ohio State University. He is thecoauthor of The Lingering Crisis of Youth

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General