Economic theory in historical perspective

On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in...

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Main Author: Lefteris Tsoulfidis
Format: Article
Language:deu
Published: Editura ASE Bucuresti 2017-05-01
Series:The Journal of Philosophical Economics
Subjects:
Online Access: https://jpe.ro/pdf.php?id=7790
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author Lefteris Tsoulfidis
author_facet Lefteris Tsoulfidis
author_sort Lefteris Tsoulfidis
collection DOAJ
description On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in macroeconomics is indicative of the need for new directions in economic theory which becomes imperative in the long economic downturn that started in 2007 and concludes by suggesting the need for a synthesis between the classical analysis and the theory of effective demand.
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spelling doaj.art-a984205a4b1441ae9c4fa074810615e62022-12-22T02:02:09ZdeuEditura ASE BucurestiThe Journal of Philosophical Economics1843-22981844-82082017-05-01X2102124Economic theory in historical perspectiveLefteris Tsoulfidis0 University of Macedonia, Thessaloniki (Greece) On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in macroeconomics is indicative of the need for new directions in economic theory which becomes imperative in the long economic downturn that started in 2007 and concludes by suggesting the need for a synthesis between the classical analysis and the theory of effective demand. https://jpe.ro/pdf.php?id=7790 classical approachneoclassical theorytheory of valueeffective demandparadigm change
spellingShingle Lefteris Tsoulfidis
Economic theory in historical perspective
The Journal of Philosophical Economics
classical approach
neoclassical theory
theory of value
effective demand
paradigm change
title Economic theory in historical perspective
title_full Economic theory in historical perspective
title_fullStr Economic theory in historical perspective
title_full_unstemmed Economic theory in historical perspective
title_short Economic theory in historical perspective
title_sort economic theory in historical perspective
topic classical approach
neoclassical theory
theory of value
effective demand
paradigm change
url https://jpe.ro/pdf.php?id=7790
work_keys_str_mv AT lefteristsoulfidis economictheoryinhistoricalperspective