Glossary entry

German term or phrase:

Theorie der Gesamtheit

English translation:

theory of the economy as a whole

Added to glossary by interpr8er
Sep 26, 2008 12:02
15 yrs ago
1 viewer *
German term

Theorie der Gesamtheit

German to English Bus/Financial Economics Keynes
"Besteht laut Keynes der wesentliche Unterschied zwischen der Theorie des Verhaltens des Einzelnen und des wirtscahftlichen Verhaltens der Gesamtheit darin, dass be ersterer die Nachfrage des Enzelnen ein Einkommen nicht beeinflussen kann, während es nach der Theorie der Gesamtheit sehr wohl der Fall ist."

I translated: "...for the first, the indivual's demand cannot influence his income, whereas according to the Theory of the Whole, this is certainly the case." Maybe "the Economy as a Whole"?
Change log

Sep 27, 2008 11:38: interpr8er Created KOG entry

Sep 28, 2008 08:07: interpr8er changed "Edited KOG entry" from "<a href="/profile/904858">interpr8er's</a> old entry - "Theorie der Gesamtheit"" to ""theory of the economy as a whole ""

Proposed translations

4 hrs
Selected

theory of the economy as a whole

I agree with you: the economy as a whole: a macroeconomics related concept which fits perfectly here!

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Note added at 4 hrs (2008-09-26 16:57:14 GMT)
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http://209.85.135.104/search?q=cache:sfG84lcq7-0J:www.unipi....
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4 KudoZ points awarded for this answer. Comment: "Thanks for providing the reference, and thanks to you too, Helen."
+1
9 mins

theory of totality

This would be my first instinct.

One could argue that how one conceives the relationship between the individual and society is the most fundamental decision of any social theory. This decision not only structures the manner in which theories apprehend the relationship between theory and the world (the epistemological issue), but also the ways in which the basic elements of a theory are causally related (the methodological issue). In economics, neoclassical economics is perhaps the best example of a theoretical approach that is based on what I will describe briefly below as the Cartesian totality, where parts are given independent to and prior to the social whole. Neo-Ricardian economic theory and some parts of Marxian theory, especially that approach now known as "Analytical Marxism, " are also based on the Cartesian totality. Classical Marxism and traditional Keynesian theory, as well as the older historicist economics, are examples of economic theories based on what I call the Hegelian totality, where the social whole is understood as ontologically prior to the individual agents.

http://findarticles.com/p/articles/mi_qa5437/is_199912/ai_n2...
Peer comment(s):

agree babli : agree
9 mins
Thank you, babli
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