Capitalism, Macroeconomics and Reality

Download or read book Capitalism, Macroeconomics and Reality written by James Crotty and published by Edward Elgar Publishing. This book was released on 2017-04-28 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and financial developments of the past four decades. His work contributes to the collective creation of a solid theoretical foundation on which to build an understanding of the ‘laws of motion’ of capitalism in the post WWII era.