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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Format: | Article |
Language: | deu |
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Editura ASE Bucuresti
2017-05-01
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Series: | The Journal of Philosophical Economics |
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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. |
first_indexed | 2024-12-10T04:30:36Z |
format | Article |
id | doaj.art-a984205a4b1441ae9c4fa074810615e6 |
institution | Directory Open Access Journal |
issn | 1843-2298 1844-8208 |
language | deu |
last_indexed | 2024-12-10T04:30:36Z |
publishDate | 2017-05-01 |
publisher | Editura ASE Bucuresti |
record_format | Article |
series | The Journal of Philosophical Economics |
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
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work_keys_str_mv | AT lefteristsoulfidis economictheoryinhistoricalperspective |