Economics Confronts the Economy - Hardcover

Klein, Philip A.

Hardcover

ISBN 10: 1840646500 ISBN 13: 9781840646504

Publisher: Edward Elgar Publishing, 2006

Synopsis

Economics Confronts the Economy is a challenging and unorthodox look at contemporary economic analysis. Philip Klein presents a highly reasoned and yet personal view of the state of economics today. While his views may be contentious to some, it is an accessible book that will provoke discussion and debate to a wide readership.

Professor Klein begins with the assumption that the basic function of economic theory is to provide a sound guide for public policy in assisting society in defining what it means by 'economic progress'. In the words of Thorstein Veblen it involves economic activity as explicit steps to be taken at any given time to enable the economy to play its most effective role in 'enhancing human life'. The book argues that modern mainstream economics is failing in this task in terms of what it teaches young economists, what it contributes to public policy debates and what it has done to the field of economics.

This book will have a wide audience throughout the many and varied fields of economics including heterodox economics, micro- and macroeconomics, history of economic thought and economic policy.

About this title

About the Author

The late Philip A. Klein, former Professor Emeritus of Economics, Pennsylvania State University and Senior Research Scholar, Economic Cycle Research Institute, US

Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 2006
• Language: English
• ISBN 10: 1840646500
• ISBN 13: 9781840646504
• Binding: Hardcover
• Number of pages: 416