Piketty and the Crisis of Neoclassical Economics

Piketty and the Crisis of Neoclassical Economics

The situation of neoclassical economics is examined in the context of French economist Thomas Piketty's views about wealth inequality, as highlighted in the book 'Capital in the Twenty-First Century.' It is then shown that deepening economic stagnation and growing inequality have resu...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Monthly review (New York. 1949) 2014-11, Vol.66 (6), p.1
Hauptverfasser: Foster, John Bellamy, Yates, Michael D.
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Capitalism
Criticism and interpretation
Distribution (Economics)
Distribution of wealth
Economic stagnation
Economics
Economists
Employment
Equilibrium
Inequality
Keynesian theory
Neoclassical economics
Secularism
Underemployment
Wealth
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:The situation of neoclassical economics is examined in the context of French economist Thomas Piketty's views about wealth inequality, as highlighted in the book 'Capital in the Twenty-First Century.' It is then shown that deepening economic stagnation and growing inequality have resulted in a severe crisis for orthodox economics.
ISSN:0027-0520
0027-0520
DOI:10.14452/MR-066-06-2014-10_1