Foundations for new economic thinking
Subtitle: a collection of essays
By: Sheila C. Dow
Publisher: Palgrave Macmillan
Published: 2012
Place of publication: Houndmills, Basingstoke; New york
Language: eng
Number of pages: 263
ISBN-13: 9780230369108
Subjects: Economics
Description: "New economic thinking is in demand in the light of the recent crisis. But it is constrained by the prevailing way of thinking about the economy and about economics. This book equips the reader with a better understanding of this way of thinking and increases awareness of other possibilities. This selection of essays provides the foundations for debate at the levels of methodology and mode of thought; not only does awareness at these levels increase mutual understanding, making debate more constructive and increasing the possibilities for creative new developments, but it also puts the onus on economists to communicate and defend their own approach. This collection builds up these foundations and addresses particular issues, such as differences in meaning of key concepts. These issues have important practical implications for theory and policy."--Publisher's website.
Notes: Includes bibliographical references (p. 236-256) and index.
Table of contents: title: What kind of new theory in light of the crisis?; title: Schools of thought in macroeconomics animal spirits and rationality beyond dualism uncertainty about uncertainty; title: The appeal of mainstream economics; title: Mainstream economic methodology; title: Methodological pluralism and pluralism of method; title: The non-nutrality of formalism; title: Structured pluralism; title: The meaning of open systems; title: The issue of uncertainty in economics; title: Variety of methodological approach in economics; title: Afterword.