The Real Economy: History and Theory by Jonathan Levy ISBN 9780691252551, 0691252556 instant download

The Real Economy: History and Theory by Jonathan Levy ISBN 9780691252551, 0691252556 instant download

A provocative new theory of "the economy," its history, and its politics that better unites history and economics

What is the economy, really? Is it a "market sector," a "general equilibrium," or the "gross domestic product"? Economics today has become so preoccupied with methods that economists risk losing sight of the economy itself. Meanwhile, other disciplines, although often intent on criticizing the methods of economics, have failed to articulate an alternative vision of the economy. Before the ascent of postwar neoclassical economics, fierce debates raged, as many different visions of the economy circulated and competed with one another. In The Real Economy, Jonathan Levy returns to the spirit of this earlier era, which, in all its contentiousness, gave birth to the discipline of economics.

Drawing inspiration particularly from Thorstein Veblen and John Maynard Keynes, Levy proposes a theory of the economy that is open to rich empirical and...