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Economic synthesis

By: Material type: TextTextPublication details: New Delhi; New Book Society of India; 1958Edition: 1st edDescription: 543 pSubject(s): DDC classification:
  • 330.1 Isc
Summary: This work, presented to the economic fraternity under the title "Economic Synthesis," is an attempt to rekindle the sort of analytical social economics which in recent years may seem to have lost some ground to the purely mathematical approach. At times some mathematical economists threaten to convert our science into a subsidiary research field of an aggressive heuristic discipline. "Economic Synthesis," therefore, seeks a fundamentally conservative achievement. But in other respects it has a progressive, perhaps even a bold program. Neglected problems are dealt with, such as the socio-economic balance sheet, social rent, etc. Some doctrines enjoying current favor, in difference curves for example, will be challenged. Some essential phenomena, such as intermediate good, static interest and profit, are given new interpretation. Economic Theory as ultimately a theory of Macroeconomics will be as much as possible divorced from an analysis of microeconomic problems. The author of the book believes that his analysis contributes a genuine synthesis of socio-economic problems, not only because he establishes a distinct synthesis between the theories of the permanent and the relative economic laws, but also because he reconciles, in some degree at least, the sound hard core of neo-classicism, momentarily "declasse," and the modern, popular, and somewhat arrogant Keynesian train of thought. If, in addition, he succeeds in opening to English-speaking readers some little known riches of European continental economic thought, the cultural mission of this book will be wholly fulfilled.
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Books Books Gandhi Smriti Library 330.1 Isc (Browse shelf(Opens below)) Available 5939
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This work, presented to the economic fraternity under the title "Economic Synthesis," is an attempt to rekindle the sort of analytical social economics which in recent years may seem to have lost some ground to the purely mathematical approach. At times some mathematical economists threaten to convert our science into a subsidiary research field of an aggressive heuristic discipline.
"Economic Synthesis," therefore, seeks a fundamentally conservative achievement. But in other respects it has a progressive, perhaps even a bold program. Neglected problems are dealt with, such as the socio-economic balance sheet, social rent, etc. Some doctrines enjoying current favor, in difference curves for example, will be challenged. Some essential phenomena, such as intermediate good, static interest and profit, are given new interpretation. Economic Theory as ultimately a theory of Macroeconomics will be as much as possible divorced from an analysis of microeconomic problems.

The author of the book believes that his analysis contributes a genuine synthesis of socio-economic problems, not only because he establishes a distinct synthesis between the theories of the permanent and the relative economic laws, but also because he reconciles, in some degree at least, the sound hard core of neo-classicism, momentarily "declasse," and the modern, popular, and somewhat arrogant Keynesian train of thought. If, in addition, he succeeds in opening to English-speaking readers some little known riches of European continental economic thought, the cultural mission of this book will be wholly fulfilled.

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