Free Market Economics, Third Edition

Steven Kates

9 Bewertungen von Goodreads

Sprache: Englisch

Verlag: Edward Elgar Publishing Ltd, GB, 2017

1786431408 / 9781786431400

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Acclaim for the first edition:'Free Market Economics is virtually a must read for serious economists . . . Highly recommended.'- Choice: Current Reviews for Academic Libraries'A refreshing theoretical counterattack to the established Keynesian world view that has left the West financially overpromised, disastrously broke, and vulnerable to crank ideas. Professor Kates has brilliantly resurrected Say's law of markets - Keynes's old nemesis - into a new modern framework that forms the foundation of a new sustainable economy.'- Mark Skousen, editor, Forecasts and Strategies and formerly of the Columbia Business School, US'Steven Kates has written an exciting new book on the basics of economics. He avoids the dry and unrealistic assumptions of most introductions to economics. He puts change, entrepreneurship, uncertainty, decentralized knowledge and spontaneous order at the center of his analysis. The reader will profit from this fresh approach far more than from an ordinary textbook. This is a treatment for the general reader that both respects and engages one's intelligence.'- Mario J. Rizzo, New York University, US 'Steve Kates, an academic with business experience, does away with the unrealistic abstractions that make economics inaccessible to general readers. This book is about real, enterprising people with whom we can identify, and about how ordinary economic life evolves in conditions of uncertainty. We learn why vacuous modelling only misleads us and why economic freedom and secure institutions are essential to achieving the good life.'- Wolfgang Kasper, University of New South Wales, AustraliaIn this thoroughly updated third edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory. Rejecting mainstream Keynesian and neoclassical approaches even though they are thoroughly covered in the text, Kates instead looks at economics from the perspective of an entrepreneur making decisions in a world where the future is unknown, innovation is a continuous process and the future is being created before it can be understood. Key Features include: analysis derived from the theories of pre-Keynesian classical economists, as this is the only source available today that explains the classical pre-Keynesian theory of the business cyclea focus on the entrepreneur as the driving force in economic activity rather than on anonymous 'forces' as found in most economic theory todayintroduces a powerful though simplified model to explain the difference between modern theory of recession and classical theory of the business cycle great emphasis is placed on the consequences of decision making under uncertainty offers an introductory understanding, accessible to the non-specialist reader.The aim of this book is to redirect the attention of economists and policy makers towards the economic theories that prevailed in earlier times. Their problems were little different from ours but their way of understanding the ope.…

Bestandsnummer des Verkäufers LU-9781786431400

Titel
Free Market Economics, Third Edition
Autor
Steven Kates
Verlag
Edward Elgar Publishing Ltd, GB
Erscheinungsjahr
2017
Zustand
New
Einband
Paperback
Sprache
Englisch
ISBN-10
1786431408
ISBN-13
9781786431400
Auflage
3. Auflage

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