The Morality Of Radical Economics

Author : Ron P. Baiman
Publisher : Springer
Page : 314 pages
File Size : 53,5 Mb
Release : 2016-08-31
Category : Business & Economics
ISBN : 9781137455598

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The Morality of Radical Economics by Ron P. Baiman Pdf

This book is in equal parts a treatise on morality and economics, a critique of neoclassical orthodoxy, a brief for replacing mainstream economics with a radical political economics, and an argument for the abandonment of neoliberal capitalism in favor of democratic socialism. It includes a detailed proposal for a "demand and cost" alternative to "supply and demand" analysis and an in-depth technical critique of both neoclassical "high theory" and "applied microeconomic analysis" demonstrating that these are not only infeasible or immoral, but have directly contributed to public policy disasters. Further, the book suggests that only a moral economics in the form of radical political economy can address the looming economic and environmental crises of today’s world. Baiman begins with an introduction to morality and ethics in both general sciences and in economics in particular. He then guides readers through evidence of how neoclassical economics has not only failed to remain objective and value-free, but has become an ideology of apologetics protecting an immoral system. In addition to breaking down real-world examples to demonstrate his assertions, Baiman analyzes a theoretical Utopia design exercise. He concludes by arguing that the only form of economics that supports widely shared human values—such as social equity, democracy, and solidarity—is so-called "radical economics", and that all true economics science should be directed toward achieving more socially productive economic activity. An invaluable guide to morality and economics, this book will appeal to researchers and teachers looking to change the way we think about economics, policy, and society.

Author : Ron P. Baiman
Publisher : Palgrave Macmillan
Page : 257 pages
File Size : 40,7 Mb
Release : 2016-03-29
Category : Business & Economics
ISBN : 1349687359

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The Morality of Radical Economics by Ron P. Baiman Pdf

This book is in equal parts a treatise on morality and economics, a critique of neoclassical orthodoxy, a brief for replacing mainstream economics with a radical political economics, and an argument for the abandonment of neoliberal capitalism in favor of democratic socialism. It includes a detailed proposal for a "demand and cost" alternative to "supply and demand" analysis and an in-depth technical critique of both neoclassical "high theory" and "applied microeconomic analysis" demonstrating that these are not only infeasible or immoral, but have directly contributed to public policy disasters. Further, the book suggests that only a moral economics in the form of radical political economy can address the looming economic and environmental crises of today’s world. Baiman begins with an introduction to morality and ethics in both general sciences and in economics in particular. He then guides readers through evidence of how neoclassical economics has not only failed to remain objective and value-free, but has become an ideology of apologetics protecting an immoral system. In addition to breaking down real-world examples to demonstrate his assertions, Baiman analyzes a theoretical Utopia design exercise. He concludes by arguing that the only form of economics that supports widely shared human values—such as social equity, democracy, and solidarity—is so-called "radical economics", and that all true economics science should be directed toward achieving more socially productive economic activity. An invaluable guide to morality and economics, this book will appeal to researchers and teachers looking to change the way we think about economics, policy, and society.

Author : Tim Rogan
Publisher : Princeton University Press
Page : 276 pages
File Size : 47,6 Mb
Release : 2019-03-19
Category : History
ISBN : 9780691191492

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The Moral Economists by Tim Rogan Pdf

A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lens What’s wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capitalism in the twenty-first century is primarily concerned with disparities in income and wealth. It was not always so. The Moral Economists reconstructs another critical tradition, developed across the twentieth century in Britain, in which material deprivation was less important than moral or spiritual desolation. Tim Rogan focuses on three of the twentieth century’s most influential critics of capitalism—R. H. Tawney, Karl Polanyi, and E. P. Thompson. Making arguments about the relationships between economics and ethics in modernity, their works commanded wide readerships, shaped research agendas, and influenced public opinion. Rejecting the social philosophy of laissez-faire but fearing authoritarianism, these writers sought out forms of social solidarity closer than individualism admitted but freer than collectivism allowed. They discovered such solidarities while teaching economics, history, and literature to workers in the north of England and elsewhere. They wrote histories of capitalism to make these solidarities articulate. They used makeshift languages of “tradition” and “custom” to describe them until Thompson patented the idea of the “moral economy.” Their program began as a way of theorizing everything economics left out, but in challenging utilitarian orthodoxy in economics from the outside, they anticipated the work of later innovators inside economics. Examining the moral cornerstones of a twentieth-century critique of capitalism, The Moral Economists explains why this critique fell into disuse, and how it might be reformulated for the twenty-first century.

Author : Ron Baiman
Publisher : Routledge
Page : 168 pages
File Size : 51,8 Mb
Release : 2019-12-12
Category : Electronic
ISBN : 0367872358

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The Global Free Trade Error by Ron Baiman Pdf

The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo's "comparative advantage principle" to James Meade's Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo's parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime. This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs.

Author : Ron Baiman
Publisher : Taylor & Francis
Page : 168 pages
File Size : 43,6 Mb
Release : 2017-02-24
Category : Business & Economics
ISBN : 9781317527022

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The Global Free Trade Error by Ron Baiman Pdf

The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s "comparative advantage principle" to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo’s parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime. This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs.

Author : Vangelis Chiotis
Publisher : Routledge
Page : 144 pages
File Size : 46,7 Mb
Release : 2020-05-25
Category : Business & Economics
ISBN : 9781351168861

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The Morality of Economic Behaviour by Vangelis Chiotis Pdf

The links between self-interest and morality have been examined in moral philosophy since Plato. Economics is a mostly value-free discipline, having lost its original ethical dimension as described by Adam Smith. Examining moral philosophy through the framework provided by economics offers new insights into both disciplines and the discussion on the origins and nature of morality. The Morality of Economic Behaviour: Economics as Ethics argues that moral behaviour does not need to be exogenously encouraged or enforced because morality is a side effect of interactions between self-interested agents. The argument relies on two important parameters: behaviour in a social environment and the effects of intertemporal choice on rational behaviour. Considering social structures and repeated interactions on rational maximisation allows an argument for the morality of economic behaviour. Amoral agents interacting within society can reach moral outcomes. Thus, economics becomes a synthesis of moral and rational choice theory bypassing the problems of ethics in economic behaviour whilst promoting moral behaviour and ethical outcomes. This approach sheds new light on practical issues such as economic policy, business ethics and social responsibility. This book is of interest primarily to students of politics, economics and philosophy but will also appeal to anyone who is interested in morality and ethics, and their relationship with self-interest.

Author : Charles A. Barone
Publisher : Unknown
Page : 189 pages
File Size : 49,6 Mb
Release : 2015
Category : Radical economics
ISBN : 1317461401

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Radical Political Economy by Charles A. Barone Pdf

This straightforward introduction to radical political economy strikes a balance between breadth and depth and was written for the beginning student and others interested in a relatively short text on radical economics.

Author : James Halteman,Edd S. Noell
Publisher : Oxford University Press
Page : 237 pages
File Size : 49,6 Mb
Release : 2012-02-02
Category : Business & Economics
ISBN : 9780199910298

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Reckoning with Markets by James Halteman,Edd S. Noell Pdf

Undergraduate economics students begin and end their study of economics with the simple claim that economics is value free. Only in a policy role will values and beliefs enter into economic work; there can be little meaningful dialogue by economists about such personal views and opinions. This view, now well over 200 years old, has been challenged by heterodox thinkers in economics, and philosophers and social scientists outside the discipline all along the way. However, much of the debate in modern times has been narrowly focused on philosophical methodological issues on one hand or theological/sectarian concerns on the other. None of this filters down to the typical undergraduate even in advanced courses on the history of economic thought. This book presents the notion that economic thinking cannot escape value judgments at any level and that this understanding has been the dominant view throughout most of history. It shows how, from ancient times, people who thought about economic matters integrated moral reflection into their thinking. Reflecting on the Enlightenment and the birth of economics as a science, Halteman and Noell illustrate the process by which values and beliefs were excluded from economics proper. They also appraise the reader with relevant developments over the last half-century which offer promise of re-integrating moral reflection in economic research. With the advent of interdependency concepts and game theory, behavioral economics and the infusion of other social sciences, especially psychology, into economic considerations, the door is once again open to moral reflection. It is a sensitive subject that can be divisive for many and there is little if any assessable literature on the topic at the undergraduate level. One way to approach the subject is to follow the path of the great thinkers of the past and observe how they worked through economic issues from a set of values that was foundational to their thinking. This places moral thinking in a context illuminating the complexity and importance of moral reflection and illustrating its impact on the culture of the times. Reckoning with Markets follows this method with a deliberate effort to cast the material in terms that will engage the undergraduate student. A number of vignettes which apply the perspectives of key figures in the history of economic thought to modern values and policy questions are provided.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 41,5 Mb
Release : 1982
Category : Electronic
ISBN : OCLC:185458009

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Radical Economics by Anonim Pdf

Author : William Dixon,David Wilson
Publisher : Routledge
Page : 138 pages
File Size : 44,7 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136499012

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A History of Homo Economicus by William Dixon,David Wilson Pdf

A key issue in economic discourse today is the relation (or lack of it) between economic behaviour and morality. Few (presumably) would want to deny that human beings are in some sense moral or ethical creatures, but the devil is in the detail. Should we think of economic behaviour as an essentially amoral process – a process adequately characterised by a means-ends rationality – into which any number of subjective ethical concerns or orientations may be intruded to give a particular action its determinate moral content? Or is it rather the case that our moral being runs deeper than this, in the sense that all of our behaviour – ‘economic’ or otherwise – is enabled or capacitated by a competence that is fundamentally ethical in character? With new analyses of the work of Hobbes and Smith, Dixon and Wilson offer a fresh approach to the debate surrounding economics and morality with a novel discussion of the self in economic theory. This book calls for a change in the way that the relation between economic behaviour and morality is understood – from an understanding of morality as a kind of preference that informs certain types of other-regarding behaviour (the way that modern economics understands the relationship), to an idea of morality as a competence that enables or, rather, conditions the possibility of all forms of human behaviour, other-regarding or not. Offering a new insight on homo economicus, this book will be of great interest to all those interested in the history of economics and of economic thought.

Author : Union for Radical Political Economics
Publisher : Unknown
Page : 152 pages
File Size : 42,9 Mb
Release : 1971
Category : Economics
ISBN : STANFORD:36105015431906

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Reading Lists in Radical Political Economics by Union for Radical Political Economics Pdf

Author : Bruce J. McFarlane
Publisher : Taylor & Francis
Page : 233 pages
File Size : 54,5 Mb
Release : 1982-01-01
Category : Economics
ISBN : 0709917333

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Radical Economics by Bruce J. McFarlane Pdf

Author : Amitai Etzioni
Publisher : Unknown
Page : 492 pages
File Size : 45,9 Mb
Release : 1988
Category : Business & Economics
ISBN : STANFORD:36105038445867

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The Moral Dimension by Amitai Etzioni Pdf

Author BioAmitai Etzioni, University Professor at George Washington University and Visiting Professor at the Harvard Business School, 1987-89, is the author of numerous books, including The Active Society.

Author : Bruce Roberts,Susan Feiner
Publisher : Springer Science & Business Media
Page : 257 pages
File Size : 41,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401129640

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Radical Economics by Bruce Roberts,Susan Feiner Pdf

Author : Wayne Price
Publisher : Unknown
Page : 0 pages
File Size : 46,5 Mb
Release : 2013
Category : Anarchism
ISBN : 1939202019

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The Value of Radical Theory by Wayne Price Pdf

'The Value of Radical Theory' explains Marx's economic theory, providing the reader with a solid foundation of his critique on capitalism, and also offers insights and a framework where anarchists might learn aspects of Marxist theory while remaining anarchists. This erudite primer sidesteps the typical anarchist vs. Marxist debates, presenting Marx's theory as an enduring explanation of contemporary capitalism, one that will aid in the task of overcoming the market and ushering in an era of participatory control of the economy inspired by anarchist ethics.