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Economics Confronts the Economy (Hardcover)
Loot Price: R3,958
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Economics Confronts the Economy (Hardcover)
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Economics Confronts the Economy is a challenging and unorthodox
look at contemporary economic analysis. Philip Klein presents a
highly reasoned and yet personal view of the state of economics
today. While his views may be contentious to some, it is an
accessible book that will provoke discussion and debate to a wide
readership. Professor Klein begins with the assumption that the
basic function of economic theory is to provide a sound guide for
public policy in assisting society in defining what it means by
'economic progress'. In the words of Thorstein Veblen it involves
economic activity as explicit steps to be taken at any given time
to enable the economy to play its most effective role in 'enhancing
human life'. The book argues that modern mainstream economics is
failing in this task in terms of what it teaches young economists,
what it contributes to public policy debates and what it has done
to the field of economics. This book will have a wide audience
throughout the many and varied fields of economics including
heterodox economics, micro- and macroeconomics, history of economic
thought and economic policy.
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