Economics, Econometrics and Finance
6 years ago

Unraveling Economic Confusion: Reconstructing Theoretical Conceptions for Progress

Routledge eBooks
Economic Studies (Routledge Revivals)
David I. Levine

Paper Summary

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The article "Economic Studies" by David Levine, published in 1977, critiques and reconstructs the theoretical understanding of economic life. The main goal is to clarify economic concepts like value, capital, and production to improve economic theory. Levine challenges classical ideas and the 'labor theory of value' to pave the way for a more advanced economic science.