Reassessing The Paradigm Of Economics

Author : Valeria Mosini
Publisher : Routledge
Page : 177 pages
File Size : 54,7 Mb
Release : 2011-07-28
Category : Business & Economics
ISBN : 9781136658211

Get Book

Reassessing the Paradigm of Economics by Valeria Mosini Pdf

When President Reagan and Prime Minister Thatcher adopted the neoliberal doctrine as the paradigm of economics, there was no evidence that the move would have been successful, but thirty years on, the recurrent crises that culminated in 2008 suggest a serious mis-match between expectations and outcomes: a re-examination of the paradigm is in order. This book focuses on Milton Friedman’s formulation of the neoliberal doctrine, and analyses two aspects that were essential to turning it into a fully-fledged paradigm: the attribution of scientific status to positive economics, which led to informing public policies on the requirements of the market; and the characterisation of economic freedom as capable of promoting political freedom, which led to identifying free market with democracy. The book exposes Friedman’s methodological argument for attributing positive economics scientific status as a failure, and his characterisation of economic freedom as a delusion; it identifies in the emergence as the mainstream in economics of the neoclassical synthesis, which borrowed from Walras’ the mathematical treatment of equilibrium but not the ethical and social framework in which it was inscribed, a development that facilitated the transition from the Keynesian to the neoliberal paradigm. Dr. Mosini shows that the gigantic bail-outs carried out courtesy of the public purse, which institutionalised the practice of collectivising losses while keeping profits private, were no accident, but the consequence of the rethinking of the function of lender of last resort according to Friedman’s conception of rationality in relation to risk, combined with his interpretation of the 1930s recession. The book concludes that the neoliberal paradigm has served the interests of the economically powerful social strata it was designed to benefit extremely well, but that the deep, and deepening, injustice it has brought about calls for a complete rethinking of the paradigm of economics according to ethical principles respectful of human values. This book should be of interest to students and researchers of Political Economy, Economic Methodology, History of Economic Thought and Philosophy.

Author : Jonathan Conlin
Publisher : Reaktion Books
Page : 304 pages
File Size : 44,6 Mb
Release : 2018-11-15
Category : Business & Economics
ISBN : 9781789140279

Get Book

Great Economic Thinkers by Jonathan Conlin Pdf

Great Economic Thinkers presents an accessible introduction to the lives and works of thirteen of the most influential economists of modern times: Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, Alfred Marshall, Joseph Schumpeter, John Maynard Keynes, and Nobel Prize winners Friedrich Hayek, Milton Friedman, John Forbes Nash, Jr., Daniel Kahneman, Amartya Sen, and Joseph Stiglitz. Free from confusing jargon and equations, the book describes key concepts put forward by these thinkers and shows how they have come to shape how we see ourselves and our society. Readers will consider the role played by the division of labor, wages and rents, cognitive biases, saving, entrepreneurship, game theory, liberalism, laissez-faire, and welfare economics. All of the economists featured have had a profound influence on our attitudes towards market intervention and regulation, taxation, trade, and monetary policy. Each of the chapters—all written by an acknowledged expert—combines a biographical outline of a single thinker with critical analysis of their contribution to economic thought. If you’ve ever wanted to find out more about the theorists who gave us the invisible hand, Marxism, Keynesianism, creative destruction, behavioral economics, and many other foundational concepts of economics, this collection of essays is the perfect place to start.

Author : Peter G. Brown,Peter Timmerman
Publisher : Columbia University Press
Page : 408 pages
File Size : 50,7 Mb
Release : 2015-09-01
Category : Science
ISBN : 9780231540421

Get Book

Ecological Economics for the Anthropocene by Peter G. Brown,Peter Timmerman Pdf

Ecological Economics for the Anthropocene provides an urgently needed alternative to the long-dominant neoclassical economic paradigm of the free market, which has focused myopically—even fatally—on the boundless production and consumption of goods and services without heed to environmental consequences. The emerging paradigm for ecological economics championed in this new book recenters the field of economics on the fact of the Earth's limitations, requiring a total reconfiguration of the goals of the economy, how we understand the fundamentals of human prosperity, and, ultimately, how we assess humanity's place in the community of beings. Each essay in this volume contributes to an emerging, revolutionary agenda based on the tenets of ecological economics and advances new conceptions of justice, liberty, and the meaning of an ethical life in the era of the Anthropocene. Essays highlight the need to create alternative signals to balance one-dimensional market-price measurements in judging the relationships between the economy and the Earth's life-support systems. In a lively exchange, the authors question whether such ideas as "ecosystem health" and the environmental data that support them are robust enough to inform policy. Essays explain what a taking-it-slow or no-growth approach to economics looks like and explore how to generate the cultural and political will to implement this agenda. This collection represents one of the most sophisticated and realistic strategies for neutralizing the threat of our current economic order, envisioning an Earth-embedded society committed to the commonwealth of life and the security and true prosperity of human society.

Author : Nabil El Maghrebi,Abbas Mirakhor,Tarık Akın,Zamir Iqbal
Publisher : Springer Nature
Page : 392 pages
File Size : 51,8 Mb
Release : 2024-01-21
Category : Business & Economics
ISBN : 9783031411342

Get Book

Revisiting Islamic Economics by Nabil El Maghrebi,Abbas Mirakhor,Tarık Akın,Zamir Iqbal Pdf

This book discusses the need for a paradigm shift from Islamic economics universe of discourse to Iqtisād, a socio-economic system that is entirely independent from other economic doctrines and systems of thought. It provides an overview of critiques of the science and dogma of mainstream, orthodox, neoclassical, or simply Economics, with its axioms of rationality, scarcity, and unlimited wants. There is also a critical analysis of Islamic economics, and its failures to set its own policy agenda and development objectives. Our contention in this book is that Iqtisād--the Qur’an’s vision of how the economy is to be arranged—provides such a paradigm with a radically different philosophical foundation from that of Economics to the point that makes grafting one onto the other Impossible. Iqtisād offers a genuine and authentic Islamic paradigm with unique etymological and philosophical foundations. It is a unique system that derives its organizing principles from the principal source of the Quran, rather than Economics. The logical coherence of its immutable system of rules compliance, institutional structures, and risk-sharing relations provides the foundations for economic dynamism, financial stability, and shared prosperity. It ensures that resources are efficiently managed, poverty is eradicated, income and wealth mal-distributions are corrected, and the internal sources of economic injustices gripping human societies are eliminated. The Impossibility Theorem proposed in this book implies that, metaphysically, ontologically, epistemologically, axiologically, and teleologically, the two polar cases of Iqtisād and Economics are so radically different to rule out any grafting of one onto the other in order to present an intermediate paradigm with a synthetic discipline called Islamic economics. Given its multidisciplinary contents, this book will be of interest to a wide audience, including economists, policymakers, philosophers, theologians, and jurists, and can guide also free-thinking readers to a clarity of understanding about the conditions of humanity and the imperative of change with a sincerity of purpose and coherence in knowledge.

Author : Pedro Martinez-Santos,Maite M. Aldaya,M. Ramón Llamas
Publisher : CRC Press
Page : 324 pages
File Size : 53,9 Mb
Release : 2014-03-03
Category : Law
ISBN : 9781138001435

Get Book

Integrated Water Resources Management in the 21st Century: Revisiting the paradigm by Pedro Martinez-Santos,Maite M. Aldaya,M. Ramón Llamas Pdf

Integrated water resources management advocates a coordinated approach for managing water resources in a way that balances social and economic needs with concern for the environment. While potentially useful, integrated water management is also controversial. Supporters believe that the multi-dimensional nature of water can only be understood and managed from a holistic perspective, while critics often argue that integrated water management lacks suffi ciently well-defi ned rules for its practical implementation. This book, written by academics, users and practitioners, provides a down-to-earth approach to the ideal of integrated water resources management, drawing from conceptual frameworks and real-life practice to identify the key aspects that are yet to be resolved. As such, it examines the role of water accounting, food trade, environmental externalities and intangible values as key aspects whose consideration may help the water management community move forward. Overall, integrated water resources management is perceived to be a useful utopia, whose value lies more in the steps that need to be taken to make it a reality than in achieving its ever-elusive end goal.

Author : Charles Derber,Yale R. Magrass
Publisher : Routledge
Page : 323 pages
File Size : 55,7 Mb
Release : 2015-11-17
Category : Social Science
ISBN : 9781317262794

Get Book

Capitalism: Should You Buy it? by Charles Derber,Yale R. Magrass Pdf

Before there was economics, there was political economy, an interdisciplinary adventure boldly and critically seeking to understand capitalism. Over time, the social sciences evolved into specific disciplines - economics, sociology, political science - that less often questioned capitalist perspectives and the state. Contrasting three traditions - neoclassicism, Keynesianism, and neo-Marxism - Capitalism: Should You Buy It? traces the historical development of each and evaluates whether they view capitalism as the root cause of or the solution to the pressing problems now facing humanity. This accessible and hopeful book is a call to everyone - citizen, student, public intellectual - to revive the critical edge towards capitalism.

Author : Bentley B. Allan
Publisher : Cambridge University Press
Page : 361 pages
File Size : 54,5 Mb
Release : 2018-04-19
Category : Political Science
ISBN : 9781108416610

Get Book

Scientific Cosmology and International Orders by Bentley B. Allan Pdf

A history of how scientific ideas have transformed international politics since 1550.

Author : Josh Lerner,Scott Stern
Publisher : University of Chicago Press
Page : 715 pages
File Size : 43,8 Mb
Release : 2012-04-15
Category : Art
ISBN : 9780226473031

Get Book

The Rate and Direction of Inventive Activity Revisited by Josh Lerner,Scott Stern Pdf

This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

Author : John Van Houdt,Arthur Kok
Publisher : Cambridge Scholars Publishing
Page : 215 pages
File Size : 41,8 Mb
Release : 2014-11-19
Category : History
ISBN : 9781443871457

Get Book

Reconsidering the Origins of Recognition by John Van Houdt,Arthur Kok Pdf

This volume brings together for the first time a group of young researchers who can be seen as representative of a new generation of researchers working on German idealism. Over the past few decades, several generations of the reception of German idealist philosophers have resulted in an intensive, inspiring and fruitful debate about the concept ‘recognition’, a central topic in German idealism and the central topic of this book. Critically approaching many of the classical boundaries set up by earlier generations, the new wave of researchers in this volume explores, diagnoses, analyzes and evaluates the prospects for, and limits of, recognition from an informed yet independent perspective. The contributors to this volume overcome both the traditionally strong emphasis on practical, especially political, philosophy when dealing with ‘recognition’, and classical divisions such as the ‘divide’ between analytic and continental philosophy, or between Frankfurt School interpretations and more scholarly approaches. This unique combination of methodological interests leads to a variety of original voices which incorporate the history of reception, while also showing how German idealism continues to inspire new generations of philosophers. This book provides a first step toward a comprehensive conception of German idealism, through critical re-readings of the classical texts of German idealism, approaching their argumentative potential, their internal development, and, finally, their limits.

Author : Laszlo Garai
Publisher : Springer
Page : 172 pages
File Size : 48,7 Mb
Release : 2016-11-29
Category : Business & Economics
ISBN : 9781137525611

Get Book

Reconsidering Identity Economics by Laszlo Garai Pdf

This book presents an unorthodox identity economics that approaches social identity through a non-classical psychology. Garai applies the modern physics concept of wave-particle duality to economic psychology, finding a corresponding duality in object-oriented activity and historically generated social identity. These two factors interconnect to create a double-storied structure of social identity and its behavioral manifestations. The book then presents a calculation device for mediating between behavioral and identity economics. Garai then applies all these factors to two socioeconomic systems developed during the second modernization: Bolshevik-type “socialism” and post-Bolshevik “capitalism.” In this context, he examines the Eastern Bloc nomenklatura as a duality of bureaucratic and patron-client organization (“state and party”) and the establishment of both today's material capitalism and its other half: human capital economics.

Author : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment
Publisher : Unknown
Page : 1364 pages
File Size : 54,8 Mb
Release : 1996
Category : Environmental law
ISBN : STANFORD:36105019604672

Get Book

Superfund Reassessment and Reauthorization by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment Pdf

Author : Danny Dorling
Publisher : Yale University Press
Page : 398 pages
File Size : 54,5 Mb
Release : 2020-03-31
Category : Business & Economics
ISBN : 9780300252408

Get Book

Slowdown by Danny Dorling Pdf

The end of our high-growth world was underway well before COVID-19 arrived. In this powerful and timely argument, Danny Dorling demonstrates the benefits of a larger, ongoing societal slowdown Drawing from an incredibly rich trove of global data, this groundbreaking book reveals that human progress has been slowing down since the early 1970s. Danny Dorling uses compelling visualizations to illustrate how fertility rates, growth in GDP per person, and even the frequency of new social movements have all steadily declined over the last few generations. Perhaps most surprising of all is the fact that even as new technologies frequently reshape our everyday lives and are widely believed to be propelling our civilization into new and uncharted waters, the rate of technological progress is also rapidly dropping. Rather than lament this turn of events, Dorling embraces it as a moment of promise and a move toward stability, and he notes that many of the older great strides in progress that have defined recent history also brought with them widespread warfare, divided societies, and massive inequality.

Author : John D. Kelly,Kurt Jacobsen,Marston H. Morgan
Publisher : Oxford University Press
Page : 628 pages
File Size : 46,9 Mb
Release : 2019-12-05
Category : Political Science
ISBN : 9780199097791

Get Book

Reconsidering American Power by John D. Kelly,Kurt Jacobsen,Marston H. Morgan Pdf

Postcolonial studies, postmodern studies, even posthuman studies emerge, and intellectuals demand that social sciences be remade to address fundamentals of the human condition, from human rights to global environmental crises. Since these fields owe so much to American state sponsorship, is it easier to reimagine the human and the modern than to properly measure the pervasive American influence? Reconsidering American Power offers trenchant studies by renowned scholars who reassess the role of the social sciences in the construction and upkeep of the Pax Americana and the influence of Pax Americana on the social sciences. With the thematic image for this enterprise as the ‘fiery hunt’ for Ahab’s whale, the contributors pursue realities behind the theories, and reconsider the real origins and motives of their fields with an eye on what will deter or repurpose the ‘fiery hunts’ to come, by offering a critical insider’s view.

Author : Mr Bryan K Ritchie,Mr Lindon J Robison
Publisher : Gower Publishing, Ltd.
Page : 292 pages
File Size : 43,9 Mb
Release : 2012-08-28
Category : Business & Economics
ISBN : 9781409459637

Get Book

Relationship Economics by Mr Bryan K Ritchie,Mr Lindon J Robison Pdf

In a 24/7 world and a global economy, there is no doubt that relationships impact virtually every economic transaction. In Relationship Economics, Lindon Robison and Bryan Ritchie argue that what needs to be understood is not just whether relationships matter (which, of course, they do), but also, how much, and in what circumstances they should matter. Providing a rigorous and measurable definition of the way that relationships among individuals create a capital, social capital, that can be saved, spent, and used like other forms of capital, Robison and Ritchie use numerous examples and insightful analysis, to explain how social capital shapes our ability to reduce poverty, understand corruption, encourage democracy, facilitate income equality, and respond to globalization. The first part of the book explains how social capital can be manipulated, stored, expended, and invested. The second part explores how levels of social capital within relationships influence economic transactions both positively and negatively, which in turn shape poverty levels, economic efficiency, levels and types of political participation, and institutional structures.

Author : Gabriele Diewald,Katja Politt
Publisher : Language Science Press
Page : 347 pages
File Size : 47,7 Mb
Release : 2024-06-18
Category : Language Arts & Disciplines
ISBN : 9783961103263

Get Book

Paradigms regained: Theoretical and empirical arguments for the reassessment of the notion of paradigm by Gabriele Diewald,Katja Politt Pdf

The volume discusses the breadth of applications for an extended notion of paradigm. Paradigms in this sense are not only tools of morphological description but constitute the inherent structure of grammar. Grammatical paradigms are structural sets forming holistic, semiotic structures with an informational value of their own. We argue that as such, paradigms are a part of speaker knowledge and provide necessary structuring for grammaticalization processes. The papers discuss theoretical as well as conceptual questions and explore different domains of grammatical phenomena, ranging from grammaticalization, morphology, and cognitive semantics to modality, aiming to illustrate what the concept of grammatical paradigms can and cannot (yet) explain.