There's No Such Thing as "The Economy"

There's No Such Thing as Author: Samuel A. Chambers
Publisher: punctum books
ISBN: 1947447890
Category : Business & Economics
Languages : en
Pages : 168

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Book Description
Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, "the economy." Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls "the economy"; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the "positive economics" spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there's no such thing as "the economy." To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.

There's No Such Thing as "The Economy"

There's No Such Thing as Author: Samuel A. Chambers
Publisher: punctum books
ISBN: 1947447890
Category : Business & Economics
Languages : en
Pages : 168

Get Book Here

Book Description
Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, "the economy." Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls "the economy"; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the "positive economics" spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there's no such thing as "the economy." To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.

Competing Economic Theories

Competing Economic Theories PDF Author: Sergio Nisticò
Publisher: Routledge
ISBN: 1134542755
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought, as well as economic analysis. The book is structured in five parts which: focus on the relevance of the history of economic ideas for current economic analysis centre on the role of classical theory of value and distribution contrast the equilibrium approach with an out-of-equilibrium perspective offer an evaluation of the legacy of Keynes in the light of the recent development of macroeconomics is dedicated to the issue of how institutions ought to be embedded in current economic theorising. Providing up-to-date, fresh and detailed perspectives on economic theory, this book will prove invaluable for students and academics in the fields of the history of economics, and contemporary economic theory.

The Market Process

The Market Process PDF Author: Peter J. Boettke
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
Presents a series of articles by Austrian School economists. This volume covers a range of economic issues: equilibrium theory, free banking, public choice and the problems of contemporary social reform. It introduces the diversity of contemporary Austrian economics and covers recent research.

Economic Point of View

Economic Point of View PDF Author: Israel M. Kirzner
Publisher: Ludwig von Mises Institute
ISBN: 161016282X
Category : Economics
Languages : en
Pages : 252

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Book Description


From Subsistence to Exchange and Other Essays

From Subsistence to Exchange and Other Essays PDF Author: Lord Peter Tamas Bauer
Publisher: Princeton University Press
ISBN: 1400824648
Category : Political Science
Languages : en
Pages : 169

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Book Description
Peter Bauer, a pioneer of development economics, is an incisive thinker whose work continues to influence fields from political science to history to anthropology. As Nobel Laureate Amartya Sen writes in the introduction to this book, "the originality, force, and extensive bearing of his writings have been quite astonishing." This collection of Bauer's essays reveals the full power and range of his thought as well as the central concern that underlies so much of his diverse work: the impact of people's conduct, their cultural institutions, and the policies of their governments on economic progress. The papers here cover pressing and controversial issues, including the process that transforms a subsistence economy into an exchange economy, the reputed correlation between poverty and population density, the alleged responsibility of the West for Third World poverty, the often counterproductive results of foreign aid, and the effects of egalitarian policies on individual freedoms. Bauer addresses these and other matters with clarity, verve, and wit, combining his deep understanding of economic theory and methodology with keen insights into human nature. The book is a penetrating account of how to develop a prosperous economy alongside a free and fair society and a stimulating introduction to the work of a man who has done so much to shape our modern understanding of developing economies and of the relationship of economics to the other social sciences. "This selection of essays will give readers a wonderful opportunity to learn about the rich world of cognizance and analysis erected by one of the great architects of political economy. I feel privileged to be able to offer this letter of invitation."--From the introduction by Amartya Sen, Nobel Laureate in economics

Advances in Experimental Markets

Advances in Experimental Markets PDF Author: Timothy Cason
Publisher: Springer Science & Business Media
ISBN: 3642564488
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
Experimental methods are now a mainstream empirical methodology in economics. The papers in this volume represent some recent developments in research on experimental markets. The articles span a variety of topics related to experimental markets, including auctions, taxation, institutional differences, coordination in markets, and learning. Contributors to the volume include many of the most distinguished researchers in the area.

Techno-economic Paradigms

Techno-economic Paradigms PDF Author: Wolfgang J. M. Drechsler
Publisher: Anthem Press
ISBN: 1843317850
Category : Business & Economics
Languages : en
Pages : 443

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Book Description
'Techno-Economic Paradigms' presents a series of essays discussing one of the most interesting and talked-about socio-economic theories of our times: techno-economic paradigm shifts.

Science Bought and Sold

Science Bought and Sold PDF Author: Philip Mirowski
Publisher: University of Chicago Press
ISBN: 9780226538563
Category : Business & Economics
Languages : en
Pages : 590

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Book Description
From essays examining economic welfare to the idea of scientists as agents to the digital aspects of higher education, presents a comprehensive overview of the new directions of this expanding area.

The Collected Papers of Leonid Hurwicz

The Collected Papers of Leonid Hurwicz PDF Author: Samiran Banerjee
Publisher: Oxford University Press
ISBN: 0199313288
Category : Business & Economics
Languages : en
Pages : 407

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Book Description
"Funded in part by The Heller-Hurwicz Economics Institute, University of Minnesota"--Title page.

Economics, Power and Culture

Economics, Power and Culture PDF Author: James Ronald Stanfield
Publisher: Springer
ISBN: 1349237124
Category : Business & Economics
Languages : en
Pages : 251

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Book Description
This book depicts the need for an economics that addresses social provisioning in the context of power and culture. Such an approach is necessary to the development of an analysis that treats human wants and technology as endogenous variables, thereby avoiding the atavism inherent in conventional economics epistemology. Only in this way can the requisite re-viewing of the place of economy in society be brought to bear in an economic analysis capable of addressing the seemingly intractable problems of the democratic capitalist societies.