The crisis of vision in modern economic thought

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The crisis of vision in modern economic thought

The Crisis of Vision In Modern Economic ThoughtRobert Heilbroner William MilberaA deep and widespread crisis affects modern economic tneory, a crisis

The crisis of vision in modern economic thought that derives from the absence of a “vision” - a set of widely shared political and social preconceptions - on which all economics ultimately depends.

This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to e The crisis of vision in modern economic thought

arlier visions provided by Smith, Ricardo, Mill, and Marshall. The “unraveling” of Keynesianism has been followed by a division of discordant and inef

The crisis of vision in modern economic thought

fective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg’s an

The Crisis of Vision In Modern Economic ThoughtRobert Heilbroner William MilberaA deep and widespread crisis affects modern economic tneory, a crisis

The crisis of vision in modern economic thoughtnce and remedial power it now pointedly lacks.THE CRISIS OF VISION IN MODERN ECONOMIC THOUGHTTHE CRISIS OF VISION IN MODERN ECONOMIC THOUGHTROBERT HEI

LBRONERWILLIAM MILBERGMl CAMBRIDGEPublished by the Press Syndicate of the University of Cambridge The Pitt Building, Trumpington Street, Cambridge, CB The crisis of vision in modern economic thought

2 1RP 40 West 20th Street, New York, NY 10011-4211, USA 10 Stamford Road, Oakleigh, Melbourne 3166, Ausưalia© Cambridge University Press 1995First pub

The crisis of vision in modern economic thought

lished 1995Printed in the United States of AmericaLibrary of Congress Cataìoging-in-Pubỉication Data Heilbroner, Robert L.The crisis of vision in mode

The Crisis of Vision In Modern Economic ThoughtRobert Heilbroner William MilberaA deep and widespread crisis affects modern economic tneory, a crisis

The crisis of vision in modern economic thoughty - 20th century. I. Milberg, William s. 1957- . II. Title.HB87.H35 1995330'.09-dc2095-16469CIPA catalog record for this book is available from the Br

itish Library.ISBN 0-521-49714-0 hardback ISBN 0-521-49774-4 paperbackFor Hedy and Shirley The crisis of vision in modern economic thought

The Crisis of Vision In Modern Economic ThoughtRobert Heilbroner William MilberaA deep and widespread crisis affects modern economic tneory, a crisis