Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. In Capitalism, Shaikh''s approach demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices suchas hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. In every case, Shaikh''s innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to thesame issues. Shaikh''s object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone int
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The sixth edition of this successful textbook discusses elements of the welfare system, including cash benefits, the health service and education. The text argues that the welfare state does not exist just to help the underprivileged, but also offers...
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An accessible overview of the power of women in the economy and the obstacles they faceWomen are joining the workforce in increasing numbers, making inroads as entrepreneurs and leaders, acquiring more education, marrying later, and having fewer children...
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Behavioural economics blends insights from economics and psychology to explain how people make everyday decisions. Analysing the forces that drive everyone's behaviour it helps us understand what people are motivated by, our impulse purchases, why...
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The Foundation of Complex Evolving Systems seeks to offer an integrated analysis of the anatomy and physiology of the capitalist engine of generation and exploitation of technological organizational and institutional innovations - from the drivers of...
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