Economic theory in historical perspective
On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in...
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Editura ASE Bucuresti
2017
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oai:doaj.org-article:a984205a4b1441ae9c4fa074810615e62021-12-02T06:05:45ZEconomic theory in historical perspective1843-22981844-8208https://doaj.org/article/a984205a4b1441ae9c4fa074810615e62017-05-01T00:00:00Z https://jpe.ro/pdf.php?id=7790 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in macroeconomics is indicative of the need for new directions in economic theory which becomes imperative in the long economic downturn that started in 2007 and concludes by suggesting the need for a synthesis between the classical analysis and the theory of effective demand.Lefteris TsoulfidisEditura ASE Bucurestiarticleclassical approachneoclassical theorytheory of valueeffective demandparadigm changeEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol X, Iss 2, Pp 102-124 (2017) |
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classical approach neoclassical theory theory of value effective demand paradigm change Economics as a science HB71-74 |
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classical approach neoclassical theory theory of value effective demand paradigm change Economics as a science HB71-74 Lefteris Tsoulfidis Economic theory in historical perspective |
description |
On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in macroeconomics is indicative of the need for new directions in economic theory which becomes imperative in the long economic downturn that started in 2007 and concludes by suggesting the need for a synthesis between the classical analysis and the theory of effective demand. |
format |
article |
author |
Lefteris Tsoulfidis |
author_facet |
Lefteris Tsoulfidis |
author_sort |
Lefteris Tsoulfidis |
title |
Economic theory in historical perspective |
title_short |
Economic theory in historical perspective |
title_full |
Economic theory in historical perspective |
title_fullStr |
Economic theory in historical perspective |
title_full_unstemmed |
Economic theory in historical perspective |
title_sort |
economic theory in historical perspective |
publisher |
Editura ASE Bucuresti |
publishDate |
2017 |
url |
https://doaj.org/article/a984205a4b1441ae9c4fa074810615e6 |
work_keys_str_mv |
AT lefteristsoulfidis economictheoryinhistoricalperspective |
_version_ |
1718400068337270784 |