ABSTRACT

Having reached the end of this volume of debates on contemporary economic issues, it is probable that the reader expects (perhaps even hopes for) the authors to make their pitches-to say straight out which of the representative paradigms is correct and which is not, perhaps each one to unveil his own grand program. Indeed, the opportunity is tempting. For an economist, it is practically a reflex to try to get in the last word, especially one's own last word. However, after much thought, we decided that such conclusions would spoil the entire effort. This book was undertaken to present the differing ideological alternatives as objectively as space and writing talents allowed so that the reader would be free to make personal choices on matters of economic policy.