A New Paradigm: Bernard Lonergan's Macroeconomic Field Theory

Purely Relational Foundations for Macroeconomics; An Explanatory Systematics and A New Standard Model of the Objective Economic Process

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  • Introduction
  • Key Notions
  • Table of Topics
  • Bibliography
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Key Notions

  • Introductory
  • Science and Explanation in Macroeconomics
  • Abstraction in Macroeconomics
  • Concomitance
  • Explanatory Conjugates; Formal Implicit Relations; Ideal Frequencies
  • The Good of Order
  • Functions
  • Further Comments re. Functions
  • Organicism
  • Catherine Blanche King’s Comments Re Functions
  • Implicit Definition by Functional Relation; Scientific Significance of Terms
  • Field Theory in Physics and Macroeconomics
  • Postulating vs. Explaining in Macroeconomics
  • Stagflation
  • Canons of Empirical Method
  • The Leibnitz-Newtonian Shift of Context and Scientific Economics
  • The Necessity of a Diagram for Insight in Larger and More Complex Questions
  • Concomitance, “the Key Word in Lonergan’s Economic Thinking”
  • Prediction and Control: The Ideal Pure cycle and Probabilistic Indeterminacy
  • “Basic” and “Surplus”
  • “Profits” and “Costs”
  • The Intrinsic Cyclicality of the Productive Process; “Reversion to Zero”
  • Circuits, Interdependencies, And Equilibrium
  • Real Analysis; The Preeminence of the Dynamic Structure of the Productive Process; The Projection of the Dynamic Structure of the Productive Process into Correlated Classes of Payments
  • Savings Are Not to be Identified as an Increase in the Money Supply
  • The Social Dividend
  • “Current-cy”
  • Subscript k; The Application of Factors of Production
  • “Dynamic”; and a Mankiw-Weinzierl Essay
  • Equality, Identity, and Definition
  • Criticism Requires a Normative Theory
  • Haphazard

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