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The Expansion of the Economic Toolbox

  • Don Ross
Chapter
  • 118 Downloads
Part of the Palgrave Philosophy Today book series (PPT)

Abstract

Standard histories of economics identify the 1970s as the decade of crisis for the distinctively Keynesian aspect of the Samuelsonian synthesis described in the previous chapter. This is often coupled with an emphasis on a shift in applied economics — that is to say, in policy analysis — from confidence in the economic management capacity of the state to a ‘neoliberal’ re-emphasis on the wealth-generating power of lightly regulated markets.

Keywords

Utility Function Nash Equilibrium Representative Agent Constant Relative Risk Aversion Methodological Individualism 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Don Ross 2014

Authors and Affiliations

  • Don Ross
    • 1
    • 2
  1. 1.University of Cape TownSouth Africa
  2. 2.Georgia State UniversityUSA

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