The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It traces the connections running from …
Adam Smith turned economic theory on its head in 1776 when he declared that the pursuit of self-interest mediated by the market itself - not by government - led, via an invisible hand, to the greatest possible welfare for society as a whole. "The Hesitant Hand" examines how subs…
What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox economics? How do the central concerns of modern economists, whatever their associations or allegiances, relate to those traditionally taken up …
This work argues that economic theory is not only unpalatable, but can often be plain wrong. It explains why economists think the way they do and points out flaws in that thinking (something that dissident academic economists have done before). He questions economists' love of t…
In this book, Ross B. Emmett looks at Frank Knight's economics and philosophy, the nature of Chicago economics, his place in the Chicago tradition and also about the application of hermeneutic theory to the history of economics.
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are …