Classical Economic Theory And The Modern Economy
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Classical Economic Theory and the Modern Economy
Author | : Steven Kates |
Publisher | : Edward Elgar Publishing |
Total Pages | : 264 |
Release | : 2020-06-26 |
Genre | : Business & Economics |
ISBN | : 1786433575 |
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Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.
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