Change, Transformation and Development

Editors: Metcalfe, J. Stan, Cantner, Uwe (Eds.)

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About this book

For as long as one can remember, the edifice of the neoclassical economic syn­ thesis has been under attack. Critiques have focused on the extreme unreality of the assumptions that underpin the Arrow-Debreu theorems of welfare economics. They have queried the excessive formalism of the edifice, and the lack of practical significance of many of the results.They have castigated the neoclassical synthesis for its internal incoherence (lacking an independent theory of capital, for example, one of the favorite topics of the Cambridge school), its lack of a dynamic element, its non-evolutionary character, its lack of any conception of "market process" ­ and so the list could be continued (Blaug, 1997). Through all this, the neoclassi­ cal synthesis remains as strong as ever, impervious it seems to these or any other attacks. In this paper a different tack is taken. The neoclassical edifice is left alone, standing as a representation of what goes on in a certain kind ofeconomy- namely the economy wheregoods and services are producedand exchanged. The paper then introduces another kind of economy, namely an economy of productive entities ­ called "resources"- that are needed to produce the economyofgoods and services.

Table of contents (20 chapters)

Table of contents (20 chapters)

Buy this book

eBook $59.99
price for USA in USD (gross)
  • ISBN 978-3-7908-2720-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA in USD
  • ISBN 978-3-642-62410-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Change, Transformation and Development
Editors
  • J. Stan Metcalfe
  • Uwe Cantner
Copyright
2003
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-7908-2720-0
DOI
10.1007/978-3-7908-2720-0
Softcover ISBN
978-3-642-62410-0
Edition Number
1
Number of Pages
VII, 450
Topics