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Economic order --- Free enterprise. --- Supply-side economics. --- Chicago school of economics. --- Rational expectations (Economic theory) --- United States --- Great Britain --- Chile --- Economic policy --- Economic policy. --- United States - Economic policy - 1981-1993. --- Great Britain - Economic policy - 1979-1997. --- Chile - Economic policy.

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This text presents an unorthodox view of the current state of economic theory and policies. Deriding the general trend for "econobabble", the author explains the reason why conventional wisdom in economics now seems irrelevant and looks to likely future scenarios.

Economic order --- economie --- Capitalism --- Consumption (Economics) --- Individualism. --- Moral and ethical aspects. --- Capitalism - Moral and ethical aspects. --- Consumption (Economics). --- Business. --- Individualism --- Business & Economics --- Economic Theory --- Moral and ethical aspects --- 241.67 --- Business ethics. Corporate ethics. Bedrijfscodes. Management en ethiek. Zakenmoraal --- 241.67 Business ethics. Corporate ethics. Bedrijfscodes. Management en ethiek. Zakenmoraal --- Consumer demand --- Consumer spending --- Consumerism --- Spending, Consumer --- Economics --- Equality --- Political science --- Self-interest --- Sociology --- Libertarianism --- Personalism --- Persons --- Demand (Economic theory)

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For the last century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are 'selected' by competition in an evolutionary process. These innovations in turn change the way markets work and how they adjust, thus creating new problems and new kinds of pressures to innovate. Different historical periods can be distinguished with a new one perhaps on the horizon. In each a distinctive style of technology prevails, associated with corresponding institutions and patterns of market behavior. The core relationships provide the foundations for a theory of monetary circulation, which makes possible a revised Keynesian approach, based on Classical foundations.

Keynesian economics --- Economic development --- AA / International- internationaal --- 305.3 --- 331.00 --- 338.8 --- 331.01 --- 331.04 --- 338.043 --- 338.00 --- 330.156 --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Post-Keynesian economics --- Schools of economics --- Econometrie van de productiefuncties en van het gebruik van de capaciteiten (Cobb-Douglas functie) Econometrie van de groei. --- Economische bewegingen: algemeenheden. --- Economische groei. --- Evolutie van de economische cycli. --- Langdurige bewegingen. --- Technologische vooruitgang. Automatisering. Computers. Werkgelegenheid en informatica. --- Theorie van de productie. --- Econometrie van de productiefuncties en van het gebruik van de capaciteiten (Cobb-Douglas functie) Econometrie van de groei --- Economische bewegingen: algemeenheden --- Evolutie van de economische cycli --- Langdurige bewegingen --- Theorie van de productie --- Technologische vooruitgang. Automatisering. Computers. Werkgelegenheid en informatica --- Economische groei --- Business, Economy and Management --- Keynesian economics. --- Economic development. --- Keynésianisme. --- Développement économique.

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