History of modern non-Marxian economics : from marginalist revolution through the Keynesian revolution to contemporary monetarist counter-revolution

Front Matter....Pages 1-12 Front Matter....Pages 13-13 A General Survey of Subjective Economics in the 1870s....Pages 15-19 The Subjective Interpretation of Value....Pages 20-22 Jevons’s Attempt to Determine the Equilibrium Exchange Ratio by Means of Marginal Utility....Pages 23-26 Marshall’s Attempt to Build the Demand Function on the Principle of Diminishing Utility....Pages 27-31 Gossen’s Second Law....Pages 32-34 The Law of Costs According to the Followers of the Marginal Utility Theory....Pages 35-41 A Critique of the Marginal Utility Theory....Pages 42-51 Walras’s and Cassel’s General Equilibrium Theory....Pages 52-63 Marginal Productivity Theory....Pages 64-102 Böhm-Bawerk’s and Samuelson’s Attempts to Find a Measure of the Volume of Capital Goods....Pages 103-115 Front Matter....Pages 117-117 The Transformation of Subjective Value Theory into the Logic of Rational Choice....Pages 119-122 Attempts at Constructing the Demand Curve by the Indifference-Curve Approach....Pages 123-145 An Attempt to Derive the Supply Curve from the Behaviour of the Profit-Maximizing Entrepreneur....Pages 146-193 The Outlines and Critique of a Modern Variant of General Equilibrium Theory....Pages 194-203 The Welfare Effects of Pure Competition....Pages 204-215 Front Matter....Pages 217-217 Introduction....Pages 219-221 Price Determination in a Monopoly Situation....Pages 222-227 Chamberlin’s Theory of Monopolistic Competition....Pages 228-233 The Problems of Market Equilibrium in Duopoly....Pages 234-243 In the Presence of Monopolistic Elements the Efficiency Criteria of Pure Competition No Longer Apply....Pages 244-245 Front Matter....Pages 217-217 The Classification of Market forms by Triffin....Pages 246-247 A Critique of the Non-Marxian Interpretation of Monopoly....Pages 248-255 Front Matter....Pages 257-257 General Characteristics....Pages 259-265 The Analysis of Problems Relating to Delayed Adjustment by Means of the Cobweb Theorem....Pages 266-272 The Period Analysis of the Stockholm School. The Role of Expectations....Pages 273-278 Front Matter....Pages 279-279 General Characteristics....Pages 281-283 Ragnar Frisch’s Attempt to Measure the Marginal Utility of Money....Pages 284-286 Attempts to Formulate the Macro-Economic Production Function in Terms of Econometrics....Pages 287-298 Front Matter....Pages 299-299 Introduction....Pages 301-302 The Viewpoint of the German Historical School....Pages 303-304 The Viewpoint of the Socio-Legal School....Pages 305-307 Eucken’s Attempt to Resolve the “Great Antinomy” in a Historical and Logical Approach to Economic Phenomena....Pages 308-311 Front Matter....Pages 313-313 Introduction....Pages 315-315 The Determination of the Price Level in Irving Fisher’s Theory....Pages 316-319 The Cash-Balance Approach....Pages 320-327 Wicksell’s Explanation of Changes in the Price Level....Pages 328-338 Front Matter....Pages 339-339 Introduction....Pages 341-345 The Outlines of Keynes’s Employment Theory....Pages 346-349 Keynes’s Theory of Aggregate Demand....Pages 350-357 Investment....Pages 358-366 Front Matter....Pages 339-339 The Determination of the Equilibrium Level of National Income—The Multiplier Effect....Pages 367-383 Keynes’s Theory of Money and Interest....Pages 384-398 Post-Keynesian Micro-Theory of the Demand for Money....Pages 399-401 Hicks’s and Hansen’s Attempts to Determine the Rate of Interest and National Income Simultaneously by Means of the IS and LM Curves....Pages 402-408 The Labour Market in Keynes....Pages 409-415 A Summary Appraisal of the Keynesian Theory....Pages 416-419 Kaldor’s Attempt to Create a Distribution Theory on a Keynesian as Distinct from a Marginal Productivity Basis....Pages 420-428 Front Matter....Pages 429-429 Introduction....Pages 431-432 Growth Models Built upon a Keynesian Theoretical Basis....Pages 433-469 Neo-Classical Growth Models....Pages 470-518 Kaldor’s Growth Theory....Pages 519-530 Front Matter....Pages 531-531 The Phillips Curve Doctrine....Pages 533-540 Friedman’s Monetarist Counter-Revolution....Pages 541-561 The New Micro-Economics....Pages 562-568 The New Classical Macro-Economics....Pages 569-579 Cost-Push Inflation....Pages 580-584 The New Macro-Economics....Pages 585-594 The New-New Micro-Economics. The Contract Theory of the Market....Pages 595-604 Back Matter....Pages 605-619