Author : Nitasha Kaul
Publisher : Routledge
Page : 302 pages
File Size : 50,79 MB
Release : 2007-10-04
Category : Business & Economics
ISBN : 1134175329
The result of a multifaceted investigation into the nature of knowledge produced by economics, this book re-examines certain understood ways of thinking about economics as a discipline, especially in relation to questions of identity and difference.
Author : Nitasha Kaul
Publisher : Routledge
Page : 361 pages
File Size : 37,35 MB
Release : 2007-10-04
Category : Business & Economics
ISBN : 1134175310
It is possible to beirrational without beinguneconomic ? What is the link betweenValue andvalues ? What do economists do when theyexplain ? We live in times when the economic logic has become unquestionable and all-powerful so that our quotidian economic experiences are defined by their scientific construal. This book is the result of a
Author : Charles Eisenstein
Publisher : North Atlantic Books
Page : 497 pages
File Size : 28,92 MB
Release : 2011-07-12
Category : Political Science
ISBN : 1583943986
Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme—but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being. This book is about how the money system will have to change—and is already changing—to embody this transition. A broadly integrated synthesis of theory, policy, and practice, Sacred Economics explores avant-garde concepts of the New Economics, including negative-interest currencies, local currencies, resource-based economics, gift economies, and the restoration of the commons. Author Charles Eisenstein also considers the personal dimensions of this transition, speaking to those concerned with "right livelihood" and how to live according to their ideals in a world seemingly ruled by money. Tapping into a rich lineage of conventional and unconventional economic thought, Sacred Economics presents a vision that is original yet commonsense, radical yet gentle, and increasingly relevant as the crises of our civilization deepen. Sacred Economics official website: http://sacred-economics.com/
Author : Bruno S. Frey
Publisher : Springer
Page : 168 pages
File Size : 28,60 MB
Release : 2017-03-08
Category : Business & Economics
ISBN : 3319474588
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Author : E. Roy Weintraub
Publisher : Duke University Press
Page : 329 pages
File Size : 38,33 MB
Release : 2002-05-28
Category : Business & Economics
ISBN : 0822383802
In How Economics Became a Mathematical Science E. Roy Weintraub traces the history of economics through the prism of the history of mathematics in the twentieth century. As mathematics has evolved, so has the image of mathematics, explains Weintraub, such as ideas about the standards for accepting proof, the meaning of rigor, and the nature of the mathematical enterprise itself. He also shows how economics itself has been shaped by economists’ changing images of mathematics. Whereas others have viewed economics as autonomous, Weintraub presents a different picture, one in which changes in mathematics—both within the body of knowledge that constitutes mathematics and in how it is thought of as a discipline and as a type of knowledge—have been intertwined with the evolution of economic thought. Weintraub begins his account with Cambridge University, the intellectual birthplace of modern economics, and examines specifically Alfred Marshall and the Mathematical Tripos examinations—tests in mathematics that were required of all who wished to study economics at Cambridge. He proceeds to interrogate the idea of a rigorous mathematical economics through the connections between particular mathematical economists and mathematicians in each of the decades of the first half of the twentieth century, and thus describes how the mathematical issues of formalism and axiomatization have shaped economics. Finally, How Economics Became a Mathematical Science reconstructs the career of the economist Sidney Weintraub, whose relationship to mathematics is viewed through his relationships with his mathematician brother, Hal, and his mathematician-economist son, the book’s author.
Author : George A. Akerlof
Publisher : Princeton University Press
Page : 192 pages
File Size : 46,62 MB
Release : 2010-01-21
Category : Business & Economics
ISBN : 140083418X
How identity influences the economic choices we make Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities—and not just economic incentives—influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people—facing the same economic circumstances—would make different choices. This was the beginning of a fourteen-year collaboration—and of Identity Economics. The authors explain how our conception of who we are and who we want to be may shape our economic lives more than any other factor, affecting how hard we work, and how we learn, spend, and save. Identity economics is a new way to understand people's decisions—at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures—and much, much more. Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity—their conception of who they are, and of who they choose to be—may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being.
Author : Yanis Varoufakis
Publisher : Routledge
Page : 391 pages
File Size : 17,84 MB
Release : 2013-10-08
Category : Business & Economics
ISBN : 1135141274
This volume is a collection of some of the best and most influential work of Yanis Varoufakis. The chapters all address the issue of economic indeterminacy, and the place of a socialized Homo Economicus within the economy. The book addresses Varoufakis’ key interpretation regarding the way in which neoclassical economics deals with the twin problems of complexity and indeterminacy. He argues that all neoclassical modelling revolves around three meta-axioms: Methodological individualism, Methodological instrumentalism and the Methodological Imposition of Equilibrium. Each chapter is preceded by an introduction, which explains its place within the overarching theme of the book. The volume also includes a lengthy introduction, plus a concluding chapter focusing on the future of economics. It will be a key work for all students and researchers in the field of political economy and economic methodology.
Author : Maurice Lagueux
Publisher : Routledge
Page : 630 pages
File Size : 23,32 MB
Release : 2010-02-28
Category : Business & Economics
ISBN : 1135150338
Economical questions indisputably occupy a central place in everyday life. In order to clarify these questions, people generally turn to those who are familiar with economics. In answering such legitimate questions, economists propose explanations which rest on a few principles among which the rationality principle is by far the most fundamental. This principle assumes that people are rational, but what is meant by this has to be specified. Rationality and Explanation in Economics claims that only a minimal kind of rationality is required to ‘animate’ economic explanations. However, such a conception of rationality faces serious objections: it is closely associated with harshly criticised methodological individualism and it is not easily disentangled from sheer irrationality. The book answers these objections and shows that the economists’ way of mobilising the concepts of maximization or of consistency for defining rationality raises more serious problems. Since the latter have encouraged various attempts to downgrade or even to dispense with the very notion of rationality, the book is largely devoted to countering arguments associated with these attempts and to show why postulating that agents are rational is still the only efficient way to explain economic phenomena as such. The author also proposes original views about the role of rationality, the meaning of methodological individualism, the relevance of the selection argument and the relation between ‘rational’ explanations of economics and explanations in natural sciences.
Author : John Weeks
Publisher : Routledge
Page : 212 pages
File Size : 45,42 MB
Release : 2011-03-15
Category : Business & Economics
ISBN : 1136808019
In 2008 the capitalist world was swept by the severest crisis since the Great Depression of the 1930s. Mainstream economics neither anticipated nor could account for this disastrous financial crisis, which required massive state intervention throughout the capitalist world. Karl Marx did anticipate this type of financial collapse, arguing that it was derivative from the ‘fetishism of commodities’ inherent in the capitalist mode of production. This book substantiates the foregoing claim by a journey from Marx’s analysis of commodities to the capitalist crisis of the twenty-first century. The book demonstrates that Marx's framework (1) demonstrates that capitalism is but one historical form of class society among many; (2) explains the transition from pre-capitalist to capitalist society; (3) reveals the concrete operation of a capitalist economy; and (4) shows why others would explain the capitalist economy in alternative theoretical frameworks. The central element in his framework from which all else derives is ‘the theory of value’. This book is not an exercise in the history of thought. It is an attempt to analyze the nature of contemporary capitalist society. While Marx’s analysis of capitalism has implications for political action, these need not lead one to embrace revolution in place of reform, though it can and has provided the analytical foundation for both. Marx’s analysis of capitalism is a coherent whole, and meaningful insights cannot be obtained by extracting elements from it. Weeks starts out by looking at the nature of capitalism and an analysis circulation, money and credit unfold from the theory of value. The nature and inherent necessity of competition are demonstrated in chapter eight. A consequence of competition, expressed in the movement of capital, is technical change, the contradictory impact of which is explained in chapter nine. This is brought together with the other elements of value theory (money, credit and competition) in chapter ten, where economic crises are treated in detail. The final chapter applies the theory of crisis to the extreme financial disturbances of the 2000s. This book should be of interest to students and researchers of economics, politics and sociology.
Author : Manuel Couret Branco
Publisher : Routledge
Page : 350 pages
File Size : 35,94 MB
Release : 2008-12-03
Category : Business & Economics
ISBN : 1134104618
Human rights and economics are the concepts that have contributed the most to free human kind, the former from fear and the latter from need. Consequently, they should be complementing rather competing. Unfortunately it does not seem to be the case. In this book Manuel Couret Branco shows how mainstream economics discourse is intrinsically opposed to the promotion of human rights, especially economic, social and cultural rights. Considering a variety of issues, this book looks at the conflict between economics and human rights at a theoretical level; how economics is opposed to the right to work; how economics, being a science concerned with the provision of goods and services for commercial purposes, conflicts with the idea of providing those same goods and services as rights, using as examples the right to water and the right to social security; the opposition of economics to cultural freedom, supported by the argument that economics tends to homogenize cultures on the basis of the idea that there is only one best culture to fulfil economic objectives; how economics contributes to the erosion of the democratic idea; and, finally, the opposition of economic globalisation to democracy. The main conclusion of the book is that enhancing human rights in the global economy era demands a radical transformation of economics and of the economy. This transformation should be characterised by reinstating the primacy of the person over the economy, by replacing economics at the service of human dignity. One of the aspects of this transformation concerns the need for a democratic control of the market. This democratic control means that people affected by economic decisions should be able to participate in the making of those decisions. In other words, the book proposes the recognition of economics as essentially a political science, and, thereby, the rehabilitation of politics within economics' discourse.
