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A New Model of Economy

A New Model of Economy

By Hodgkinson, Brian

Published by Shepheard Walwyn (Publishers) Ltd

English 369 pages 2012
Estimated reading time: 6 h 46 min
PDF

About this book

This book offers a radical revision of modern economic theory. Its starting point is the existing body of both micro and macro economics, as developed in such textbooks as Economics by Begg, Fischer and Dornbusch and Positive Economics by Lipsey and Chrystal. Following a similar framework to these books, it adjusts the whole range of theory by introducing some new concepts and other earlier ones that have been much neglected in the economic thought of the past century. These are related especially to the fundamental part played by land, in it proper sense of all natural resources available on the earth, the significance of credit, especially through the banking system, and the crucial impact of the method of taxation. The resulting analysis yields a thoroughly revised version of the contemporary model of a capitalist economy, so that a genuine 'third way' is revealed. This is not a mere modification of the present system of absentee ownership confronting a market for labour, with all the attendant evils of unemployment, monopoly and maldistribution of wealth and income. Rather it is a system based upon natural law, exhibiting economic security for all, fair distribution of output and, above all, the opportunity for self-fulfillment through work. The 'new model' draws upon the masters of economic thought from Smith and Ricardo to Marshall, Schumpeter and Keynes, by highlighting concepts often omitted from current studies of their works; such as Ricardo's analysis of scarcity and differential elements of rent, Schumpeter's view of the role of banking and Keynes's hints at a labour theory of value. Indeed this far-reaching revision makes bold advances upon the Marshallian theory of the firm and the Keynesian theory of national income determination, thus providing new insights into both micro and macro theory.

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A New Model of Economy is available as PDF at 2 online bookshops. Bookshops carrying it include Bajalibros Argentina, Bajalibros Latam.

Language
English
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In what formats is A New Model of Economy available?
A New Model of Economy is available as PDF at 2 online bookshops.
Where can I buy A New Model of Economy?
You can buy A New Model of Economy at Bajalibros Argentina, Bajalibros Latam. Compare every option in the list on this page.
How long does it take to read A New Model of Economy?
At an average reading pace, A New Model of Economy takes about 6 h 46 min to read (369 pages).

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