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MACMILLAN A Critique of Orthodox Economics: An Alternative Model (Alternative View)

Name: A Critique of Orthodox Economics: An Alternative Model (Alternative View)
Brand: MACMILLAN
Price: 75.0 GBP
Availability: InStock

Econometrics

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Description

Modern neoclassical economics is a theory of general equilibrium. It is based on highly unrealistic assumptions and yields a number of false predictions. The alternative model, presented in this book, uses a wider definition of technology, and emphasises the role of the entrepreneur as the primary agent of change. Because it takes time for firms to improve their technology, and to acquire the necessary finance for expansion, there are wide differences in firm sizes, and in their profitability. The competitive struggle to develop better technology raises the level of productivity of the whole economy, and leads to higher real incomes.

Product Specifications

Brand: MACMILLAN
Format: hardcover
ASIN: 0333725417
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 09 February 1998
Listed Since: 04 January 2007

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MACMILLAN A Critique of Orthodox Economics: An Alternative Model (Alternative View)

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