01389nam a2200181Ia 4500 20260225135611.0 260225s9999 xx 000 0 und d 9780521497749 33305 HEI Heilbroner, Robert L. The Crisis of Vision in Modern Economic Thought / Heilbroner, Robert L.; Milberg, William S. Cambridge University Press, 1996 148 pages A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--a set of widely shared political and social preconceptions--on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks. Political Science Milberg, William S. ENGLISH 615566 615566