000 01389nam a2200181Ia 4500
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020 _a9780521497749
082 _a33305
_bHEI
100 _aHeilbroner, Robert L.
245 0 _aThe Crisis of Vision in Modern Economic Thought /
_cHeilbroner, Robert L.; Milberg, William S.
260 _bCambridge University Press,
_c1996
300 _a148 pages
520 _aA 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.
650 _aPolitical Science
700 _aMilberg, William S.
942 _cENGLISH
999 _c615566
_d615566