TY - BOOK ID - 5183558 TI - The crisis of vision in modern economic thought AU - Heilbroner, Robert L. AU - Milberg, William S. PY - 1995 SN - 0521497140 0521497744 9780521497749 9780521497145 9780511605574 0511605579 0511888309 0511002343 9780511002342 PB - Cambridge : Cambridge University Press, DB - UniCat KW - Economics KW - -330.09 KW - Economic theory KW - Political economy KW - History KW - -Economics KW - Economie politique KW - Histoire KW - 330.48 KW - AA / International- internationaal KW - Neo-klassiekers en andere post-keynesiaanse theorieën. Public choice. Institutionalisten. Home economics. Analyseschool van de transactiekosten KW - 20th century KW - Business, Economy and Management KW - Economics - History - 20th century UR - https://www.unicat.be/uniCat?func=search&query=sysid:5183558 AB - A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a 'vision' - a set of widely shared political and social preconceptions - on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 to the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The 'unraveling' of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks. ER -