Crisis Theory

Overview

Challenging chaos theory and catastrophe theory, the author contends that with the fragmented state of knowledge in contemporary times, these dynamic equilibrium-oriented theories are inadequate for generating new knowledge. Arguing that knowledge is dynamic and disequilibrium-oriented, Rich provides a new theoretical approach—crisis theory—and applies it to the problems of economics, politics, and the natural sciences. Crisis theory is constructed to deal with changes in problem areas, to allow for the ...

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Overview

Challenging chaos theory and catastrophe theory, the author contends that with the fragmented state of knowledge in contemporary times, these dynamic equilibrium-oriented theories are inadequate for generating new knowledge. Arguing that knowledge is dynamic and disequilibrium-oriented, Rich provides a new theoretical approach—crisis theory—and applies it to the problems of economics, politics, and the natural sciences. Crisis theory is constructed to deal with changes in problem areas, to allow for the development of new theories in both existing and emerging problem areas, and to allow for the exchange of information within opposing theories in economics and politics.

The book is composed of three parts. Part 1 discusses the role of knowledge and its anti-realism in our contemporary era and establishes the need for a new theory. Part 2 develops the schematic of crisis theory. In Part 3, the theory is applied to the problems of long-term business cycle theories, the nine implications of Mancur Olson's logic, the problems of the postindustrial future-oriented countries, and the paradox of industrialization.

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Editorial Reviews

Booknews
In contrast to chaos theory on which he comments, economics consultant Rich formulates crisis theory to contend with social and political crises in three types of countries: future-oriented ones which take full advantage of the benefits of our era; present-oriented ones that are in various stages of socioeconomic development, but whose leadership is geared to partaking of these benefits; and past-oriented nations where opposing factions vie to establish their version of the most desirable society. The author provides an unusually eclectic overview of relevant issues from science and philosophy. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780275957223
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 10/28/1997
  • Pages: 248
  • Lexile: 1490L (what's this?)

Meet the Author

DAVID Z. RICH is an economic consultant, independent researcher, and freelance writer.

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Table of Contents

Acknowledgments
Pt. I The Problem Situation
1 Our Contemporary Era 3
2 Comments on Science and Philosophy 13
3 Further Comments on Chaos Theory 25
4 Chaos and Catastrophe Theory - A Critique 29
Pt. II Crisis Theory
5 Introduction 43
6 Crisis Theory - The Formal Statement 47
7 Crisis Theory - Dynamics and Discontinuity 55
8 The Critical Test 71
Pt. III Crisis Theory and Its Applications
9 Introductory Comments 121
10 Crisis Theory and Long-Run Business Cycles 129
11 Crisis Theory and the Rise and Change of Nations 157
12 Crisis Theory and the Dynamics of Nations 175
13 Future Orientation and the Paradox of Industrialization 199
14 Conclusion - Comments on Philosophy and Physics 215
Selected Bibliography 225
Index 229
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