The Making of Economics (v. 3)

This book is the first in the field to cover exclusively the modern radical economists. Science has always had its radicals; economics is unexceptional in this regard. The book begins with the persona of Karl Marx and his soulmate Friedrich Engels, the most radical of all, continuing with the central ideas of Marx, including his theory of capitalism and an understanding of why, in Marx's view, capitalism is doomed. Thereafter, Thorstein Veblen fills the role as the USA radical who founded the only uniquely American school of economics - the institutionalist school.This is followed by Joseph Schumpeter and his theory of capitalist motion. According to Schumpeter, the demise of capitalism is self-inflicted through creative destruction. The bestselling authors, Robert Heilbroner and John Kenneth Galbraith, straddle both the insitutionalist and Post Keynesian schools. The new left radicals emanated from Galbraith's Harvard University and are still around today. The heyday of the new right came during the administration of Ronald Reagan and was led by the neo-Austrians. Finally, the book concludes by analyzing the Post Keynesians' claim to be the legitimate heirs to Keynesianism. Thus far, they fall into the radical camp.

ISBN 9812837728   Part volume Radical Assault ISBN13 9789812837721 (What's this?)   Volumes 1 Publisher World Scientific Publishing Co Pte Ltd   Weight (grammes) 522 Imprint World Scientific Publishing Co Pte Ltd   Published in Singapore Format Hardback   Height (mm) 229 Publication date 01 Jun 2009   Width (mm) 157 DEWEY 330.09   Spine width (mm) 20 DEWEY edition DC22   Academic level Postgraduate Pages 264

Paradigm Lost: Karl Marx; The Iconoclast: Thorstein Veblen; Joseph Schumpeter and Capitalist Motion; The Complexity of Capitalism: Galbraith, Heilbroner, and the Institutionalists; New Radical Economics: The Left; New Radical Economics: The Right; The Post Keynesians; Supra-Surplus Capitalism and the Rise of the Casino Economy; Economics: Past and Present Imperfect.

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