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Classical Economic Theory and the Modern Economy

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  • Steven Kates

Abstract

Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

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Suggested Citation

  • Steven Kates, 2020. "Classical Economic Theory and the Modern Economy," Books, Edward Elgar Publishing, number 17468.
    • Handle: RePEc:elg:eebook:17468
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    Keywords

    Economics and Finance;

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