Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Hidden Face of Neoclassical Endogenous Growth Theory: Neoliberal State vs. Public Services with Applications to India, Pakistan, China, and Some O

The Hidden Face of Neoclassical Endogenous Growth Theory: Neoliberal State vs. Public Services with Applications to India, Pakistan, China, and Some O

Herrera, Rémy

Hardcover

Series: Studies in Critical Social Sciences, Book 375

Business GeneralAnthropologyGeneral Sociology

PREORDER - Expected ship date April 22, 2027

ISBN10: 9004774912
ISBN13: 9789004774919
Publisher: Brill
Published: Apr 22 2027
Pages: 534
Language: English
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.

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