By N. Aslanbeigui, Young Back Choi
In recent times there was expanding discontent with the summary nature of mainstream economics. not just does this make the topic much less suitable to actual concerns, it drives a wedge among economics and different disciplines ostensibly addressing an analogous matters. Borderlands of Economics explores the ways that economics may be reconnected, either with the genuine global and with different disciplines.
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Extra resources for Borderlands of Economics: Essays in Honour of Daniel R.Fusfeld (Routledge Frontiers of Political Economy, 11)
There is a place for theory, but don’t push it too far. Score one for partial equilibrium theory. AN INTELLECTUAL JOURNEY 21 I left Cambridge with an understanding of the worldview underlying contemporary mathematical economics: that mathematical models were the path to understanding reality. I didn’t believe it. Returning from Cambridge with a renewed interest in methodology, I began writing in that field. A 1980 paper on ‘The Conceptual Framework of Modern Economics’ has been expanded to a book-length manuscript, now about threefourths complete, that I hope to finish when several shorter projects are finished —I always have two or three projects going at once.
The early 1970s saw the first edition of my introductory Economics textbook. It went through five editions with two different publishers, the last being in 1988 with the subtitle Principles of Political Economy. It gained and maintained a niche in the market to the left of the big-selling mainstream textbooks, differing from them in some important respects. The preface to the first edition stated the wide coverage of the book. This is a time of turmoil in the social sciences. Contemporary events are forcing a reconsideration of approaches and emphases that until very recently was taken for granted… We are only dimly aware of the reasons: the march of technology, the brutality of power politics, the burgeoning numbers of the human family, the conflict between races, the persistence of poverty, the clash of values, the rapid pace of change….
Returning from Cambridge with a renewed interest in methodology, I began writing in that field. A 1980 paper on ‘The Conceptual Framework of Modern Economics’ has been expanded to a book-length manuscript, now about threefourths complete, that I hope to finish when several shorter projects are finished —I always have two or three projects going at once. A 1985 paper on ‘Keynes and the Keynesian Cross’ led to a controversy with Don Patinkin over the relative merits of the flexible price and fixed price Keynesian models.