The Hidden Face of Neoclassical Endogenous Growth Theory (el. knyga) (skaityta knyga) | knygos.lt

Aprašymas

Studying the role of the state in economic growth over long period, this book aims to demystify and delegitimize what neoclassical authors call their "new theory" of growth, or endogenous growth theory. It first examines the mainstream works relating to the effects of public spending allocated to research-and-development, education, infrastructure and defense, as well as problems that characterize them. Several original essays on these topics are then proposed within the mainstream itself, using some of its tools: time-series or panel econometrics, systems of simultaneous equations, long-term growth modeling, game theory, etc. The insurmountable limitations of each of these exercises are highlighted, the numerous and serious flaws of orthodoxy being emphasized on both theoretical and empirical levels. Finally, the critique of neoclassicism is radicalized by a deconstruction of the theory of endogenous growth, revealing its internal inconsistencies - leading to qualify the mainstream as science fiction rather than a true science - and its ideological-political functions in the era of neoliberalism - by denouncing the attacks carried out by current neoliberal state against public services. The ambition of this book is to help young progressive economists, aware of the need to move away from the mainstream, to identify the weaknesses of the latter, to grasp its links with neoliberal capitalism - destructive and declining, but still predominant - and to find the paths to entry into heterodox resistance to better understand the current world and contribute usefully to its social transformation.