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An Introduction to Economics

Economic Theory and Society

  • Chandana Ghosh
  • Ambar Nath Ghosh
Book

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Chandana Ghosh, Ambar Nath Ghosh
    Pages 1-12
  3. Chandana Ghosh, Ambar Nath Ghosh
    Pages 13-55
  4. Chandana Ghosh, Ambar Nath Ghosh
    Pages 57-93
  5. Chandana Ghosh, Ambar Nath Ghosh
    Pages 95-104
  6. Chandana Ghosh, Ambar Nath Ghosh
    Pages 105-136
  7. Chandana Ghosh, Ambar Nath Ghosh
    Pages 137-163
  8. Chandana Ghosh, Ambar Nath Ghosh
    Pages 165-188
  9. Back Matter
    Pages 189-191

About this book

Introduction

The book compares neoclassical and Marxian economics and points out that both the schools of thought seek to analyze how a capitalist society functions. The authors show that the neoclassical economics vindicates capitalism and prescribes policies that further the interest of the rich (giant capitalists), who own most of the non-human productive resources of the economy, whereas Marxian analysis yields the result that a capitalist society is exploitative and crisis-prone. Marxian economics also suggests that the class struggle inherent in a capitalist society will eventually transform it into an equal, just and humane socialist society

The book also presents Keynesian theory, which suggests measures that can counter at least some of the crises that Marx said a capitalist country is subject to. It discusses the current state of the capitalist world, the recent crises it was subject to and assesses the three theories in the light of these experiences. It recounts the current states of two important socialist states, namely, China and Cuba. It discusses the economic performance of Soviet Union since its birth and explains the reasons for its disintegration. It compares economic performances of the capitalist and the socialist states and assesses in the light of the experiences of these two blocs of countries which school of thought is more acceptable and closer to the truth.

Chandana Ghosh, Assistant Professor, Economic Research Unit, Indian statistical Institute, Kolkata, India. Dr. Ghosh has written three books (co-authored with Ambar Nath Ghosh), titled, ‘Economics of the Public Sector’ (2008), ‘Public Finance’ (2nd Edition), ‘Macroeconomics’ (2011) and ‘Indian Economy: A MacroTheoretic Analysis’ (2016). 

Ambar Nath Ghosh, Professor, Economics Department, Jadavpur University, Kolkata, India. Professor Ghosh has written three books (coauthored with Chandana Ghosh), titled, ‘Economics of the Public Sector’ (2008), ‘Public Finance’ (2nd Edition), ‘Macroeconomics’ (2011) and ‘Indian Economy: A Macro-Theoretic Analysis’ (2016). He has also co-edited, along with Asim Karmakar, a book titled ‘Analytical Issues in Trade, Development and Finance’ (2014) published by Springer.


Keywords

Neoclassical Economics Marxian Economics Keynesian Economics Capitalist Economies Socialist Economies Economics

Authors and affiliations

  • Chandana Ghosh
    • 1
  • Ambar Nath Ghosh
    • 2
  1. 1.Economic Research UnitIndian Statistical InstituteKolkataIndia
  2. 2.Economics DepartmentJadavpur UniversityKolkataIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-15-1056-4
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019
  • Publisher Name Palgrave Pivot, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-15-1055-7
  • Online ISBN 978-981-15-1056-4
  • Buy this book on publisher's site
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