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Economic Theory and Reality: Selected Essays on Their Disparities and Reconciliation (Economists of the Twentieth Century)
Economic Theory and Reality Selected Essays on Their Disparities and Reconciliation - Economists of the Twentieth Century Author:Tibor Scitovsky This collection of non-technical papers attempts to bridge the gap between economic theory and economic reality. It focuses on two central themes: the necessity of market imperfections and power as conditions for the proper functioning of the market economy, and the impact of second-hand markets on the macroeconomy. This volume improves access t... more »o Professor Scitovsky's work, much of which was originally published either in foreign languages or outside the mainstream literature.« less