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Critique of Orthodox Economics
Harold Lydall
€ 121.71
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Description for Critique of Orthodox Economics
Hardback. This volume uses a wide definition of technology and emphasizes the role of the entrepreneur as the primary agent of change. Due to the time it takes firms to acquire finance and improve technology, there are wide differences in firm sizes and profitability. This competitive struggle is beneficial. Num Pages: 202 pages, biography. BIC Classification: KCA; KCM; KCP; KJH; KJM. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 21. Weight in Grams: 375.
Modern neoclassical economics is a theory of general equilibrium. It is based on highly unrealistic assumptions and yields a number of false predictions. The alternative model, presented in this book, uses a wider definition of technology, and emphasises the role of the entrepreneur as the primary agent of change. Because it takes time for firms to improve their technology, and to acquire the necessary finance for expansion, there are wide differences in firm sizes, and in their profitability. The competitive struggle to develop better technology raises the level of productivity of the whole economy, and leads to higher real incomes. ... Read more
Modern neoclassical economics is a theory of general equilibrium. It is based on highly unrealistic assumptions and yields a number of false predictions. The alternative model, presented in this book, uses a wider definition of technology, and emphasises the role of the entrepreneur as the primary agent of change. Because it takes time for firms to improve their technology, and to acquire the necessary finance for expansion, there are wide differences in firm sizes, and in their profitability. The competitive struggle to develop better technology raises the level of productivity of the whole economy, and leads to higher real incomes. ... Read more
Product Details
Format
Hardback
Publication date
1998
Publisher
Palgrave Macmillan United Kingdom
Number of pages
202
Condition
New
Number of Pages
190
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333725412
SKU
V9780333725412
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Harold Lydall
Harold Lydall is Research Associate at NILS at Flinders University.
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