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Books > Business & Economics > Economics > Economic theory & philosophy

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A Critique of Orthodox Economics - An Alternative Model (Hardcover) Loot Price: R3,011

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Repayment Terms: R282 pm x 12*

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A Critique of Orthodox Economics - An Alternative Model (Hardcover): H. Lydall

A Critique of Orthodox Economics - An Alternative Model (Hardcover)

H. Lydall

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Loot Price R3,011 Discovery Miles 30 110 | Repayment Terms: R282 pm x 12*

Expected to ship within 10 - 15 working days

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Modern neoclassical economics is a theory of general equilibrium. It is based on highly unrealistic assumptions and yields a number of false predictions. The alternative model, presented in this book, uses a wider definition of technology, and emphasises the role of the entrepreneur as the primary agent of change. Because it takes time for firms to improve their technology, and to acquire the necessary finance for expansion, there are wide differences in firm sizes, and in their profitability. The competitive struggle to develop better technology raises the level of productivity of the whole economy, and leads to higher real incomes.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Release date:	February 1998
First published:	1998
Authors:	H. Lydall
Dimensions:	216 x 140 x 21mm (L x W x T)
Format:	Hardcover
Pages:	190
ISBN-13:	978-0-333-72541-2
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > Political economy Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship Books > Business & Economics > Business & management > Management & management techniques > General Promotions
LSN:	0-333-72541-7
Barcode:	9780333725412