Why Economists Disagree: An Introduction to the Alternative Schools of Thought (Suny Series, Diversity in Contemporary Economics)

Provides a convenient introduction to heterodox alternatives to neoclassical economics. Economists disagree. They disagree over policy, prediction, and matters of pure theory. They even disagree over why they disagree. Why Economists Disagree demonstrates that the "crisis" of contemporary economics may actually be a sign of healthy disagreement and fresh thinking over the nature and scope of economic theory and policy. Since the 1980s, several dissenting schools of thought have emerged that offer serious methodological and theoretical challenges to mainstream economics. Why Economists Disagree provides a convenient introduction to Austrian, Post Keynesian, Institutionalist, Feminist, Marxist, and other heterodox alternatives to neoclassical economics. Written by eminent economists within each tradition, the book's chapters convey both the main characteristics, the controversies, and disagreement within each school of thought. Contributors include Jack Amariglio, Paul Davidson, William M. Dugger, Alfred S. Eichner, Roger W. Garrison, Albert O. Hirschman, Geoffrey M. Hodgson, Israel M. Kirzner, Arjo Klamer, J.A. Kregel, Ludwig M. Lachmann, Tony Lawson, Deirdre McCloskey, David F. Ruccio, Warren J. Samuels, Howard J. Sherman, William R. Waters, Thomas E. Weisskopf, and Frances R. Woolley. "This book is an argument by counterexample. Following Friedman, Thurow, and others, most economists deny that substantial disagreement exists within the profession. Prychitko shows this simply isn't so. Economists do disagree, and they disagree over theory. By way of proof, the book presents a selection of heterodox articles." -- Roger Koppl, Fairleigh Dickinson University Since The 1980s, Several Dissenting Schools Of Thought Have Emerged That Offer Serious Methodological And Theoretical Challenges To Mainstream Economics. Why Economists Disagree Provides A Convenient Introduction To Austrian, Post Keynesian, Institutionalist, Feminist, Marxist, And Other Heterodox Alternatives To Neoclassical Economics. Written By Eminent Economists Within Each Tradition, The Book's Chapters Convey Both The Main Characteristics, The Controversies, And Disagreement Within Each School Of Thought.--jacket. Time And Money: The Universals Of Macroeconomic Theorizing / Roger W. Garrison -- The Driving Force Of The Market: The Idea Of Competition In Contemporary Economic Theory And In The Austrian Theory Of The Market Process / Israel M. Kirzner -- From Mises To Shackle An Essay On Austrian Economics And The Kaleidic Society / Ludwig M. Lachmann -- Reviving Keynes's Revolution / Paul Davidson -- An Essay On Post-keynesian Theory: A New Paradigm In Economics / Alfred S. Eichner And J.a. Kregel -- The Nature Of Post-keynesianism And Its Links To Other Traditions / Tony Lawson -- Institutional Economic Theory: The Old Versus The New / Geoffrey M. Hodgson -- Social Economics: A Solidarist Perspective / William R. Waters -- Comparison Of Marxism And Institutionalism / William M. Dugger And Howard F. Sherman -- Postmodernism, Marxism, And The Critique Of Modern Economic Thought / Jack Amariglio And David F. Ruccio -- Toward A Socialism For The Future, In The Wake Of The Demise Of The Socialism Of The Past / Thomas E. Weisskopf -- Where Do We Go From Here? New Philosophical Issues / The Feminist Challenge To Neoclassical Economics / Frances R. Woolley -- Against Parsimony: Three Ways Of Complicating Some Categories Of Economic Discourse / Albert O. Hirschman -- The Methodology Of Economics And The Case For Policy Diffidence And Restraint / Warren J. Samuels -- The Rhetoric Of Disagreement / Arjo Klamer And Deirdre Mccloskey -- Further Readings In The Alternative Schools Of Thought: A Bibliographical Essay / David L. Prychitko. Edited By David L. Prychitko. Includes Bibliographical References And Index.