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Free Market Economics "An Introduction for the General Reader"

Free Market Economics "An Introduction for the General Reader"

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  • ISBN:9781782547969
  • Editorial: Edward Elgar
  • Fecha de la edición:
  • Número de la edición: 2
  • Encuadernación:
  • Nº Pág.:320
  • Idiomas:Ingles

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'A refreshing theoretical counterattack to the established Keynesian world view that has left the West financially overpromised, disastrously broke, and vulnerable to crank ideas. Professor Kates has brilliantly resurrected Says law of markets - Keyness old nemesis - into a new modern framework that forms the foundation of a new sustainable economy.
- Mark Skousen, editor, Forecasts & Strategies and formerly of the Columbia Business School, US

In this thoroughly updated second edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory before Keynesian theory became dominant in macroeconomics and equilibrium analysis became standard in microeconomics. He looks at economics from the perspective of an entrepreneur making decisions in a world where the future is unknown, innovation is a continuous process and the future is being created before it can be understood.

Contents: 1. The Axioms and Underlying Principles of a Free Market Economy 2. The Economics of the Free Market 3. Value Added 4. Governments and the Market 5. Factors of Production, Finance and the Role of the Entrepreneur 6. Supply and Demand 7. Supply and Demand - Beyond Equilibrium 8. Marginal Analysis 9. Measuring the Economy 10. An Interlude on the History of Economics 11. The Keynesian Revolution and Says Law 12. The Basic Keynesian Macroeconomic Model 13. Aggregate Demand and Aggregate Supply 14. The Classical Theory of the Business Cycle 15. Cyclical Activity and Governments 16. Saving and the Financial System 17. Controlling Inflation Index

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