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Economics In The Future - Towards a New Paradigm (Hardcover)
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Economics In The Future - Towards a New Paradigm (Hardcover)
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First published in 1976. Economics has always been in a crisis
since it broke away from social philosophy in the late eighteenth
century. But from time to time this crisis has been particularly
acute. Such was the case at the turn of the last century when the
classical predictions proved less and less true and, in response,
the marginalist schools emerged. Such also was the case at the
beginning of the 1930s when the proof of the established harmony
propounded in that theory was contradicted by the Great Depression,
giving rise to the new macroeconomics pioneered by Keynes. doubt
that contemporary economics is in a crisis, at least if crisis is
defined as the inability to meet the challenge of the times.
Problems like mass poverty, unbalanced affluence, increasing
regional economic disparities, imbalances in population
development, irrational disposition of non-renewable resources, and
production and consumption processes ill-adjusted to the limited
carrying capacity of the environment are among many pressing
problems awaiting solution by economists. The purpose of this book
is to bring together responses from leading economists to these
problems. Given the vast subject matter, it is only to be expected
that the specific emphasis given to various approaches differs
among the authors
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