Free market economics : an introduction for the general reader
著者
書誌事項
Free market economics : an introduction for the general reader
Edward Elgar, c2014
2nd ed
- : hardcover
- : pbk
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注記
Includes bibliographical references (p. 415-417) and index
"In association with the institute of economic affairs"--T.p.
内容説明・目次
内容説明
In this thoroughly updated second edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory before Keynesian theory became dominant in macroeconomics and equilibrium analysis became standard in microeconomics. He looks at economics from the perspective of an entrepreneur making decisions in a world where the future is unknown, innovation is a continuous process and the future is being created before it can be understood.
Key Features include:
* Analysis derived from the theories of pre-Keynesian classical economists, as this is the only source available today that explains the classical pre-Keynesian theory of the business cycle
* A focus on the entrepreneur as the driving force in economic activity rather than on anonymous "forces" as found in most economic theory today
* Great emphasis is placed on the consequences of decision making under uncertainty
* Offers an introductory understanding, accessible to the non-specialist reader
The aim of this book is to redirect the attention of economists and policy makers towards the economic theories that prevailed in earlier times. Their problems were little different from ours but their way of understanding the operation of an economy and dealing with those problems was completely different. Free Market Economics, Second Edition will help students and general readers understand the economics of that earlier time, written by someone who believes that this now-discarded approach to economic thought was superior to what is found in most of our textbooks today.
目次
Contents: 1. The Axioms and Underlying Principles of a Free Market Economy 2. The Economics of the Free Market 3. Value Added 4. Governments and the Market 5. Factors of Production, Finance and the Role of the Entrepreneur 6. Supply and Demand 7. Supply and Demand - Beyond Equilibrium 8. Marginal Analysis 9. Measuring the Economy 10. An Interlude on the History of Economics 11. The Keynesian Revolution and Say's Law 12. The Basic Keynesian Macroeconomic Model 13. Aggregate Demand and Aggregate Supply 14. The Classical Theory of the Business Cycle 15. Cyclical Activity and Governments 16. Saving and the Financial System 17. Controlling Inflation Index
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