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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Autor principal: Lefteris Tsoulfidis
Formato: article
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Publicado: Editura ASE Bucuresti 2017
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Acceso en línea:https://doaj.org/article/a984205a4b1441ae9c4fa074810615e6
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spelling 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)
institution DOAJ
collection DOAJ
language DE
EN
FR
topic classical approach
neoclassical theory
theory of value
effective demand
paradigm change
Economics as a science
HB71-74
spellingShingle 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
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