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  3. Institutions, Behaviour and Economic Theory
  • Cited by 17
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    • Publisher:
      Cambridge University Press
      Publication date:
      14 January 2010
      13 November 1996
      ISBN:
      9780511582349
      9780521570558
      9780521028998
      DOI:
      https://doi.org/10.1017/CBO9780511582349
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.83kg, 464 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.682kg, 464 Pages
      • Subjects:
      Economics, Economic Thought, Philosophy and Methodology
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology
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    Book description

    This book is about the conceptual foundations of an intermediate way between liberalism and socialism: a synthesis of classical (Ricardian) and Keynesian political economy. Classical theory deals with proportions between individuals or collectives and society in tackling problems of distribution and value. Keynesian theory is concerned with the scale of economic activity as explained by effective demand. The economy considered is primarily a monetary production economy, not a market or a planned economy. The author sets up a system linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences. To complete the picture, issues of method associated with the theory of knowledge in the social sciences and the problem of linking theory with historical reality are also covered.

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