|
|
Article: Economics without equilibrium.
- Article from:
- Monthly Review
- Article date:
- October 1, 1986
- Author:
CopyrightCOPYRIGHT 1986 Monthly Review Foundation, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Economics Without Equilibrium
It would be impossible to discover a much greater gap between what poses as a modern scientific tradition and the underlying reality that it purports to explain than that which is currently disclosed by neoclassical economics. Indeed, "within today's standard economic theory, which is commonly called the neoclassical synthesis," as Hyman Minsky has observed in his new book, Stabilizing an Unstable Economy, "the question 'why is our economy so unstable?" is ... a nonsense question. Standard economic theory not only does not lead to an explanation of instability as a system attribute, it really does not recognize that endogenous ...
Related newspaper, magazine, and journal articles:
|
|
Article: Maynard Keynes: an economist's biography - a review ...
The American Journal of Economics and Sociology;
July 1, 1996 ;
700+ words
... ... his work cut out. By his own admission, Keynes was a compulsive writer (see My Early Beliefs ... He examined the Charleston Papers, the Keynes Papers, the Joan Robinson Papers, the Richard Keynes Papers, the Polly Hill Collection, plus ...
|
|