Definition and Reality in the General Theory of Political Economy

Definition and Reality in the General Theory of Political Economy

Definition & Reality in the General Theory of Political EconomyThe basic idea of this book is that...
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SKU: gb-15939-ebook
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Author: Cool, Thomas
Format: eBook
Language: English
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Definition and Reality in the General Theory of Political Economy

Definition and Reality in the General Theory of Political Economy

$19.99 $9.99

Definition and Reality in the General Theory of Political Economy

$19.99 $9.99
Author: Cool, Thomas
Format: eBook
Language: English

Definition & Reality in the General Theory of Political Economy

The basic idea of this book is that Keyness General Theory is generalised even further by including endogenous government in the model so that we arrive at a truly general Political Economy. The argument can be presented in a top-down fashion, for example by repeating the IS-LM model before the amendments are introduced. This order appears to be uninviting and therefor the argument is presented in a bottom-up fashion. We better discuss the amendments before we look at the consequences for theory as a whole. We start with the new economic synthesis and the argument for the Economic Supreme Court, since these motivate the book. Political Economy is the science of the management of the state. More in general, economics is Greekish for management theory. [1] Marshall already explained that economics is wider than political economy, see his Principles of economics (1947:43). The proper definitions are: Economics in a narrow sense puts the approach, methods and tools, of the discipline central, and looks at a variety of subjects. Political Economy puts the subject, the management of the state, central. ......Buy Now (To Read More)

Product details

Ebook Number: 15939
Author: Cool, Thomas
Release Date: May 30, 2005
Format: eBook
Language: English

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