Can I read A Critique of Orthodox Economics: An Alternative Model (Alternative View) on EtoBox?

A Critique of Orthodox Economics: An Alternative Model (Alternative View) by Harold Lydall is a book available to read on EtoBox.

What is A Critique of Orthodox Economics: An Alternative Model (Alternative View) about?

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. Erscheinungsdatum: 09.02.1998

Author

Harold Lydall

Publisher

Palgrave Macmillan UK

Published

1998

Language

EN

ISBN

9780333725412

Subjects

Business, Management, Political Science