Abstract
The fundamental nature of the underlying economic problem, i.e. economics in the abstract, has never really been fathomed because in the 200 or more years since Adam Smith’s Wealth of Nations we have had a continuous outpouring of fresh textbooks on ‘Principles’ without ever finding the definitive statement. True enough, Alfred Marshall and Paul Samuelson both survived many editions, but there are always new statements forthcoming, attempting to displace the masterful renditions. Many of these new attempts succeed. There seems to be an ever ready market for a new packaging of the fundamentals of our subject.
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References
Friedman, M. (1957) A Theory of the Consumption Function (Princeton: National Bureau of Economic Research).
Lange, O. (1936) ‘The Place of Interest in the Theory of Production’, Review of Economic Studies, 3 (June): 159–92.
Modigliani, F. and R. Brumberg, (1955) ‘Utility Analysis and the Consumption Function: An Interpretation of Cross Section Data’, K. Kurihara (ed), Post Keynesian Economics (London: George Allen & Unwin).
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Schumpeter, J. (1934) The Theory of Economic Development (Cambridge, Mass.: Harvard University Press).
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© 1989 George R. Feiwel
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Klein, L.R. (1989). The Economic Principles of Joan Robinson. In: Feiwel, G.R. (eds) Joan Robinson and Modern Economic Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08633-7_5
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DOI: https://doi.org/10.1007/978-1-349-08633-7_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08635-1
Online ISBN: 978-1-349-08633-7
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