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Economic Theory in A Dynamic Economic World
Oleh:
North, Douglass C.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 30 no. 1 (1995)
,
page 7-12.
Topik:
ECONOMIC
;
economic theory
;
dynamic economic world
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The future of eocnomics is not clear, because economic theory has failed to confront the economic problems of societies. Frictionless theory is based a framework of rational choice, which is unrealistic under conditions of uncertainty. Static theory does not account for the role of time in economic change. The paper then describes the historical source of modern economic development, suggests the direction of theoretical reconstruction needed to solve economic problems through an examination of political as well as economic markets, and considers some of the implications for development policy.
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