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Crisis Theory
     

Crisis Theory

by David Rich
 

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

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.

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.

Product Details

ISBN-13:
9780275957223
Publisher:
ABC-CLIO, Incorporated
Publication date:
10/28/1997
Pages:
248
Product dimensions:
6.14(w) x 9.21(h) x 0.63(d)
Lexile:
1490L (what's this?)

Meet the Author

DAVID Z. RICH is an economic consultant, independent researcher, and freelance writer. His most recent books include The Economic Theory of Growth and Development (Praeger, 1994) and The Economics of International Trade (Quorum, 1992).

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