Foundations for New Economic Thinking: A Collection of EssaysNew economic thinking is in demand in the light of the recent economic crisis. This book equips the reader with a better understanding of current ways of thinking as well as an awareness of other possibilities, providing the foundations for debate in theory and methodology alongside practical implications for policy. |
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adaptive expectations analysis andthe animal spirits applied appraisal argued arguedthat argument Babylonian thought basis behaviour behavioural economics bythe Cambridge canbe Cartesian/Euclidean chapter Chick classical logic closedsystem closure concept conventional crisis criteria critical decisionmaking developed discussion dualistic economic methodology economic thinking economists Edward Elgar empirical epistemology equilibrium evidence example exogenous falsificationism forexample framework fromthe identified implications individual ineconomics inthe investment inwhich isan isnot itis Journal judgement Keynes Keynes’s Keynesian Keynesian Economics knowledge Kuhn Kuhn’s Lawson limitations longrun macroeconomic mainstream economics mathematical formalism McCloskey meaning method methodological approach methodological pluralism mode of thought models monetary neoAustrian neoclassical neoclassical economics nonmainstream ofeconomics ofthe ofthought onthe ontology open system organicism paradigm particular philosophy pluralist political economy possible PostKeynesian postmodernism probability range rangeof rational expectations reality relevant requires schools of thought schoolsof social structure thatthe theoretical systems tobe tothe uncertainty understanding understood variables Weintraub