Institutions, Behaviour and Economic Theory: A Contribution to Classical-Keynesian Political Economy

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9780511582349: Institutions, Behaviour and Economic Theory: A Contribution to Classical-Keynesian Political Economy

This book is about the conceptual foundations of an intermediate way between liberalism and socialism: a synthesis of classical (Ricardian) and Keynesian political economy. Classical theory deals with proportions between individuals or collectives and society in tackling problems of distribution and value. Keynesian theory is concerned with the scale of economic activity as explained by effective demand. The economy considered is primarily a monetary production economy, not a market or a planned economy. The author sets up a system linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences. To complete the picture, issues of method associated with the theory of knowledge in the social sciences and the problem of linking theory with historical reality are also covered.

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Descrizione del libro:

In this book a synthesis of classical and Keynesian economic theory is put forward as the solution to serious problems of capitalism and centrally planned socialism. The author sets up a system linking political economy with other social sciences, thus establishing unity in the social sciences.

Contenuti:

Preface; Acknowledgements; Glossary of symbols; 1. iNTRODUCTION; 2. sOME basic CONCEPTS AND ISSUES IN THE SOCIAL SCIENCES; 3. SOME BASIC ISSUES IN POLITICAL ECONOMY; 4. TOWARDS A COHERENT SYSTEM OF POLITICAL ECONOMY; 5. CLASSICAL-KEYNESIAN POLITICAL ECONOMY AND NEOCLASSICAL ECONOMICS; 6. AN ALTERNATIVE THEORY OF ECONOMIC POLICY; 7. POLITICAL ECONOMY IN A WIDER CONTEXT; References; Index.

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