A Scheme of Economic Theory

In this book Professor Shackle seeks a single, unified and coherent basis which would serve for all economic theories.

G. L. S. Shackle (Author)

9780521147552, Cambridge University Press

Paperback, published 24 June 2010

222 pages
21.6 x 14 x 1.3 cm, 0.29 kg

By their nature and purpose different economic theories make almost opposite assumptions and use entirely different conceptions or aspects of time. These contrasting assumptions, which occur frequently, are essential to the nature of the various theories and cannot therefore be combined into a general theory. Coherence can only be obtained by an explicit scheme in which these theories are ordered to each other. In this book Professor Shackle seeks a single, unified and coherent basis which would serve for all economic theories, particularly in regard to their treatment of time and to the possibility of acquiring the knowledge on which these theories are based. Professor Shackle's examination of these theories and models will be of interest to economists attempting to find coherence in the diversity of economic theory.

Preface
Acknowledgements
1. Introduction
Appendix to chapter 1: a note on the interpretation of some concepts
2. Equilibrium
3. Marshall and the modes of change: the Marshallian time-spectrum
4. Keynesian Kaleido-statics
5. Models of systematic movement: growth and cycles
6. The structure of production
7. A scheme of economic theory
Index.

Subject Areas: Economics [KC]