Keynes and the "Classics" : a study in language, epistemology, and mistaken identities / Michel Verdon.

Format:

Book

Author/Creator:

Verdon, Michel.

Series:

Routledge studies in the history of economics ; 7.

Routledge studies in the history of economics, 1349-7906 ; 7

Language:

English

Subjects (All):

Keynesian economics.

Marxian economics.

Neoclassical school of economics.

Physical Description:

1 online resource (246 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 1996.

Language Note:

English

Summary:

Is there a language which is adequate to describe our own economy? In this volume, Michel Verdon undertakes a path-breaking analysis of the three major paradigms in economics: Marxian economics, neo-classical economics and Keynesian economics. Each of these, he argues, has an inherent cosmology, and in the case of both Marxian and neo-classical economics these preclude the development of a language which can accurately describe and analyse an economy.

Contents:

Front Cover; Keynes and The 'Classics'; Copyright Page; Contents; Acknowledgements; Introduction; 1 A Background to the Neoclassical Cosmology; The 'opposition' from the point of view of the marginalist 'revolutionaries'; The marginalist revolution; 2 Probing the Neoclassical Cosmology; In search of the neoclassical minimal unit; Equilibrium, exchange and perfection; The cosmological implications of perfection; 3 Strange Cosmological Bedfellows; Marshall and OCT: inverted symmetries; What's in a name?; The two Marshalls; Misunderstanding 'forces': an economics of 'resistances'

4 From Cosmology to LanguageThe conceptual costs of neoclassical economics' cosmologies; Irrealism or delusion?; 5 Keynes's Economics: What Kind of Revolution?; Isolating the minimal unit; Keynes's economics: a Galilean revolution; 6 Keynes and Speculation: Aristotle Revisited; Keynes and the rate of interest; Keynes and user costs; 7 More Substance and Transactions; Keynes and effective demand; Keynes and investment; 8 From a Galilean Cosmology to a Galilean Economics; From cosmology to language; Economic actions and their symmetrically inverse counterparts; From language to theory

ConclusionAppendix 1 Mirowski on science and economics; Appendix 2 Marx's economics: successes and failures; Notes; Bibliography; Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 220-225) and index.

ISBN:

9781134769629

1134769628

9781280334900

1280334908

9780203005453

0203005457

OCLC:

264517641