The crisis of vision in modern economic thought

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Last edited by AgentSapphire
July 28, 2025 | History

The crisis of vision in modern economic thought

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A deep and widespread crisis affects modern economic theory, a crisis 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 earlier visions provided by Smith, Ricardo, Mill, and Marshall.

The "unraveling" of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's analysis attempts both to describe this state of affairs and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.

Publish Date
Language
English
Pages
131

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Edition Availability
Cover of: Crisis of Vision in Modern Economic Thought
Crisis of Vision in Modern Economic Thought
2011, Cambridge University Press
in English
Cover of: Crisis of Vision in Modern Economic Thought
Crisis of Vision in Modern Economic Thought
2009, Cambridge University Press
in English
Cover of: La crisis de visión en el pensamiento económico moderno
La crisis de visión en el pensamiento económico moderno
1998, Paidós
Paperback in Spanish
Cover of: Crisis of vision in modern economic thought
Crisis of vision in modern economic thought
1996, Cambridge University Press
in English
Cover of: The Crisis of Vision in Modern Economic Thought
The Crisis of Vision in Modern Economic Thought
1995, Cambridge University Press
hardcover in English
Cover of: Crisis of Vision in Modern Economic Thought
Crisis of Vision in Modern Economic Thought
1995, Cambridge University Press
in English
Cover of: The crisis of vision in modern economic thought
The crisis of vision in modern economic thought
1995, Cambridge University Press
in English

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Book Details


Edition Notes

Includes bibliographical references and index.

Published in
New York

Classifications

Dewey Decimal Class
330/.09
Library of Congress
HB87 .H35 1995

The Physical Object

Pagination
ix, 131 p. ;
Number of pages
131

Edition Identifiers

Open Library
OL784328M
ISBN 10
0521497744
LCCN
95016469
LibraryThing
1386027
Goodreads
345595
3460895

Work Identifiers

Work ID
OL1847014W

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