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The Role of Economic Theory (Hardcover, 1994 ed.)
Loot Price: R3,025
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The Role of Economic Theory (Hardcover, 1994 ed.)
Series: Recent Economic Thought, 40
Expected to ship within 10 - 15 working days
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What is the role of economic theory? Is there any common ground
among economists of different schools concerning the role or roles
to be played by theory? These were the basic questions in my mind
when I undertook to edit a book on the subject. I thought it might
prove insightful to exam ine the views of distinguished economists
of very different persuasions and perspectives on the discipline in
general. Accordingly, I invited economists from many of the major
schools or groups in contemporary economics to contribute essays.
Some were uninterested; some were too busy; but many were more than
willing to participate in the exercise. The results make up this
book. I knew (or thought I knew) what economists who believe in
interven tionist policy were going to say, but I was unsure what
other economists would say. I found the diversity in the replies,
as well as some unexpected agreement, to be thOUght-provoking. I
learned from all the participants. I wish to thank Warren Samuels,
who originally invited me to edit a book in his series for Kluwer,
and Marc Tool, who gave much needed advice and counsel along the
way. They both have my thanks for their assistance to me. I thank
my colleague, Michael Baye, for his help."
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