Stephen A. Marglin
Website
Genre
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The Dismal Science: How Thinking Like an Economist Undermines Community
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published
2008
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4 editions
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Raising Keynes: A Twenty-First-Century General Theory
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published
2020
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2 editions
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Growth, Distribution, and Prices (Harvard Economic Studies)
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published
1984
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7 editions
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The Golden Age of Capitalism: Reinterpreting the Postwar Experience (WIDER Studies in Development Economics)
by
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published
1990
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5 editions
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Public Investment Criteria
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published
2014
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4 editions
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Value and Price in the Labour-Surplus Economy
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published
1976
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3 editions
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Public Investment Criteria (Study in Economic Development of India)
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published
1967
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3 editions
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Public Investment Criteria
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Lessons of the golden age of capitalism
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Approaches to Dynamic Investment Planning
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“In a BBC broadcast in 1934, when he was a year away from finishing The General Theory, Keynes pinpointed the fundamental difference between an approach to the Depression based on frictions and imperfections and an approach based on more fundamental defects in the market system:
'On the one side were those who believe that the existing economics system is, in the long run, a self-adjusting system though with creaks and groans and jerks, and interrupted by time-lags, outside interference and mistakes ...
The strength of the self-adjusting school depends on its having behind it almost the whole body of organized thinking and doctrine of the last hundred years.
If the heretics on the other side of the gulf [among whom Keynes included himself] are to demolish the forces of nineteenth century orthodoxy ... they must attack them in their citadel.”
― Raising Keynes: A Twenty-First-Century General Theory
'On the one side were those who believe that the existing economics system is, in the long run, a self-adjusting system though with creaks and groans and jerks, and interrupted by time-lags, outside interference and mistakes ...
The strength of the self-adjusting school depends on its having behind it almost the whole body of organized thinking and doctrine of the last hundred years.
If the heretics on the other side of the gulf [among whom Keynes included himself] are to demolish the forces of nineteenth century orthodoxy ... they must attack them in their citadel.”
― Raising Keynes: A Twenty-First-Century General Theory
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