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New Economic Theory
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New Economic Theory : How Reality Surpasses Our Theoretical Models

2024 ed.

Book Details

Format Paperback / Softback
ISBN-10 3658451351
ISBN-13 9783658451356
Edition 2024 ed.
Publisher Springer
Imprint Springer
Country of Manufacture GB
Country of Publication GB
Publication Date Oct 10th, 2024
Print length 234 Pages
Weight 392 grams
Dimensions 15.40 x 23.50 x 1.90 cms
Product Classification: EconomicsMacroeconomics
Ksh 9,900.00
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The standard economic theory, despite its many advantages, has a significant weakness: it is only of limited applicability to the economic reality of practice.

The standard economic theory, despite its many advantages, has a significant weakness: it is only of limited applicability to the economic reality of practice. Therefore, the book presents a new economic theory that is completely oriented towards the reality of economic practice. In this new theory, human beings are not just actors but constitute the central element from which the theory and everything else derive: work, production, consumption, demand, supply, exchange, trade, markets, stock exchanges, money, state economics, and global economics with all their complexities. Unlike the standard model, the new theory employs a holistic approach in its methodology. With this new and differentiated economic perspective and mindset, the new theory is capable of initiating a paradigm shift in the discipline of economics.


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