Introduction. A non-linear discourse -- Part I. The Background. The foundations : classicals and marginalists ; The immediate precursors -- Part II. The Giants of the Short Century. The founder of neo-liberalism : Friedrick von Hayek ; The revolutionary : Piero Sraffa -- Part III. The Fragmentation of the Mainstream. The new microeconomics : general equilibrium and expected utilities, theory of industrial organization ; The macroeconomics of the neoclassical synthesis ; The myth of the invisible hand : neo-liberal streams ; Applied economics and econometrics -- Part IV. The Weakening of the Paradigm. Behavioural economics and bounded rationality ; From efficient financial markets to the theory of crises -- Part V. Is a New Paradigm Possible? Post-Keynesian macroeconomics ; Marxism, evolutionism, institutionalism ; Ethics and the problem of power.
Summary:
"The idea of writing this book was dismissed as crazy by many of my friends. The book is here, now, but they may still be right, given the breadth and complexity of our field of enquiry: contemporary economic research, from the Second World War to the present. Consider the mass of economic journals (some thousands) and books (ditto) published yearly; consider the fact that economists active in the period under consideration by far outnumber the authors of economic writings of all the previous periods. Thus, although there are on average a thousand pages read behind every single page of this book, my ignorance remains pervasive and the account of each area of research will be scanty and simplified"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.