Format:
1 Online-Ressource (vi, 215 pages)
ISBN:
9781781951972
Series Statement:
New thinking in political economy
Content:
'This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events and what to do about them than the mechanistic, mathematical models of too many economists and planners today.' (Eamonn Butler, The Adam Smith Institute, UK). 'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' (Asa Briggs). David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy namely incessant change, growth, the business cycle and the market process itself and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena. This fascinating book will provide a stimulating read for academics, postgraduate students and all those with an interest in economic theory and economic policy.
Additional Edition:
ISBN 9781781951965
Additional Edition:
Erscheint auch als Druck-Ausgabe Simpson, David, 1936 - The rediscovery of classical economics Cheltenham [u.a.] : Elgar, 2013 ISBN 1781951969
Additional Edition:
ISBN 9781782545088
Additional Edition:
ISBN 9781781951965
Language:
English
Subjects:
Economics
Keywords:
Wirtschaftswachstum
;
Evolutorische Wirtschaft
;
Klassische Nationalökonomie
DOI:
10.4337/9781781951972
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
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