Competing Economic Theories Essays in Honour of Giovanni Caravale

Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought, as well as economic analysis. The book is structured in five parts which:

• focus on the relevance of the history of economic ideas for current economic analysis
• centre on the role of classical theory of value and distribution
• contrast the equilibrium approach with an out-of-equilibrium perspective
• offer an evaluation of the legacy of Keynes in the light of the recent development of macroeconomics
• is dedicated to the issue of how institutions ought to be embedded in current economic theorising.

Providing up-to-date, fresh and detailed perspectives on economic theory, this book will prove invaluable for students and academics in the fields of the history of economics, and contemporary economic theory.