Beyond Neoclassical Economics
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| Author | : Fred E. Foldvary |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 218 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : |
This introduction to the main heterodox schools of economic thought examines their main concepts and their critiques of mainstream theory. The schools examined include Austrian economics, geo-economics, the Virginia school of political economy, feminist economics, humanist economics, institutional economics, and nondeterminist Marxism. The aim of these essays is to understand the ideas and methodology of these approaches, and also to explain why there are different approaches to economics, and how the various schools relate to each other.
| Author | : Roger Friedland |
| Publisher | : Routledge |
| Total Pages | : 365 |
| Release | : 2019-08-21 |
| Genre | : Social Science |
| ISBN | : 1000660206 |
For at least a half-century, there has been active debate on the nature of the economy between classical and neoclassical economists and advocates of a more -substantivist- approach (most recently, cultural anthropologists)... The essays are uniformly well written and excellently documented... Heartily recommended for academic libraries, community college level up. --S. M. Soiffer, Choice
| Author | : Roger D. Johnson |
| Publisher | : Springer |
| Total Pages | : 198 |
| Release | : 2017-02-23 |
| Genre | : Business & Economics |
| ISBN | : 331951265X |
This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith’s contributions to show how they reach beyond neoclassical models that are too simplistic to reflect the growing interdependencies of market economies. He breaks down supposedly value-free neoclassical postulates to expose normative assumptions about economics and justice, demonstrating, for example, that the concept of market equilibrium is problematic because need-based behavior can produce involuntary unemployment even when a competitive labor market achieves equilibrium.
| Author | : Alfred H. R. Robinson |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 398 |
| Release | : 2016-02-18 |
| Genre | : |
| ISBN | : 9781530126804 |
Heterodox economics refers to methodologies or schools of economic thought that are considered outside of "mainstream economics", often represented by expositors as contrasting with or going beyond neoclassical economics. Including, but not limited to socialist, Institutional, Marxian, evolutionary, Georgist, Feminist, Gift-based economics, technocracy, Austrian, social, post-Keynesian (not to be confused with New Keynesian), and many other influential ecological economic theories. Alfred H.R. Robinson's overview and reference source serves as a useful study guide, reference, and as a beneficial citation resource. In addition to covering each type This edition also provides a comprehensive history of economic thought, methodology, and heterodox approaches.
| Author | : Marianne A. Ferber |
| Publisher | : University of Chicago Press |
| Total Pages | : 186 |
| Release | : 2009-04-01 |
| Genre | : Business & Economics |
| ISBN | : 0226242080 |
This is the first book to examine the central tenets of economics from a feminist point of view. In these original essays, the authors suggest that the discipline of economics could be improved by freeing itself from masculine biases. Beyond Economic Man raises questions about the discipline not because economics is too objective but because it is not objective enough. The contributors—nine economists, a sociologist, and a philosopher—discuss the extent to which gender has influenced both the range of subjects economists have studied and the way in which scholars have conducted their studies. They investigate, for example, how masculine concerns underlie economists' concentration on market as opposed to household activities and their emphasis on individual choice to the exclusion of social constraints on choice. This focus on masculine interests, the contributors contend, has biased the definition and boundaries of the discipline, its central assumptions, and its preferred rhetoric and methods. However, the aim of this book is not to reject current economic practices, but to broaden them, permitting a fuller understanding of economic phenomena. These essays examine current economic practices in the light of a feminist understanding of gender differences as socially constructed rather than based on essential male and female characteristics. The authors use this concept of gender, along with feminist readings of rhetoric and the history of science, as well as postmodernist theory and personal experience as economists, to analyze the boundaries, assumptions, and methods of neoclassical, socialist, and institutionalist economics. The contributors are Rebecca M. Blank, Paula England, Marianne A. Ferber, Nancy Folbre, Ann L. Jennings, Helen E. Longino, Donald N. McCloskey, Julie A. Nelson, Robert M. Solow, Diana Strassmann, and Rhonda M. Williams.
| Author | : Richard D. Wolff |
| Publisher | : MIT Press |
| Total Pages | : 425 |
| Release | : 2012-09-07 |
| Genre | : Business & Economics |
| ISBN | : 0262304449 |
A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.
| Author | : Emma Coleman Jordan |
| Publisher | : |
| Total Pages | : 580 |
| Release | : 2006 |
| Genre | : Economics |
| ISBN | : |
George Akerlof, 2002 Nobel Laureate in Economics argues that: ?Neoclassical theory suggests that poverty is the reflection of low initial endowments of human and nonhuman capital. The theory cannot account for persistent and extreme poverty coupled with high incidence of drug and alcohol abuse, out-of-wedlock births, single-headed households, high welfare dependency, and crime." This book is designed to provide materials for faculty and students who want to explore the basic intellectual history of modern economics and its turn away from rigid rationality assumptions by including material that would be useful in courses and seminars taught in economics departments at all levels, law school courses and seminars. It looks beyond neoclassical theory to provide the following alternatives: An introduction to the major challenges to the neoclassical model from scholars who share a faith in market ordering with overviews of the perspectives of behavioral economics, informational economics, institutional economics, and social norms. An introduction to the major criticisms of neoclassical economics from scholars who reject the model of the market for distributing the basic necessities of life with overviews of the perspectives of humanism; feminist critiques of market theory; racial critiques of market theory; empirical evidence of persistent racial discrimination in major markets; and market socialism.
| Author | : Herman E. Daly |
| Publisher | : Beacon Press |
| Total Pages | : 265 |
| Release | : 2014-09-30 |
| Genre | : Business & Economics |
| ISBN | : 0807047066 |
"Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader "Considered by most to be the dean of ecological economics, Herman E. Daly elegantly topples many shibboleths in Beyond Growth. Daly challenges the conventional notion that growth is always good, and he bucks environmentalist orthodoxy, arguing that the current focus on 'sustainable development' is misguided and that the phrase itself has become meaningless." --Mother Jones "In Beyond Growth, . . . [Daly] derides the concept of 'sustainable growth' as an oxymoron. . . . Calling Mr. Daly 'an unsung hero,' Robert Goodland, the World Bank's top environmental adviser, says, 'He has been a voice crying in the wilderness.'" --G. Pascal Zachary, The Wall Street Journal "A new book by that most far-seeing and heretical of economists, Herman Daly. For 25 years now, Daly has been thinking through a new economics that accounts for the wealth of nature, the value of community and the necessity for morality." --Donella H. Meadows, Los Angeles Times "For clarity of vision and ecological wisdom Herman Daly has no peer among contemporary economists. . . . Beyond Growth is essential reading." --David W. Orr, Oberlin College "There is no more basic ethical question than the one Herman Daly is asking." --Hal Kahn, The San Jose Mercury News "Daly's critiques of economic orthodoxy . . . deliver a powerful and much-needed jolt to conventional thinking." --Karen Pennar, Business Week Named one of a hundred "visionaries who could change your life" by the Utne Reader,Herman Daly is the recipient of many awards, including a Grawemeyer Award, the Heineken Prize for environmental science, and the "Alternative Nobel Prize," the Right Livelihood Award. He is professor at the University of Maryland's School of Public Affairs, and coauthor with John Cobb, Jr., of For the Common Good.
| Author | : Jens Beckert |
| Publisher | : Princeton University Press |
| Total Pages | : 377 |
| Release | : 2009-01-10 |
| Genre | : Social Science |
| ISBN | : 140082544X |
Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which explains efficiency using formalized rational choice models, often simplifies human behavior to the point of distortion. Jens Beckert finds such theory to be particularly weak in explaining such crucial forms of economic behavior as cooperation, innovation, and action under conditions of uncertainty--phenomena he identifies as the proper starting point for a sociology of economic action. Beckert levels an enlightened critique at neoclassical economics, arguing that understanding efficiency requires looking well beyond the market to the social, cultural, political, and cognitive factors that influence the coordination of economic action. Beckert searches social theory for the components of an alternative theory of action, one that accounts for the social embedding of economic behavior. In Durkheim and Parsons he finds especially useful approaches to cooperation; in Luhmann, a way to understand how people act under highly contingent conditions; and in Giddens, an understanding of creative action and innovation. Together, these provide building blocks for a research program that will yield a theoretically sophisticated understanding of how economic processes are coordinated and the ways that markets are embedded in social, cultural, and cognitive structures. Containing one of the most fully informed critiques of the neoclassical analysis of economic efficiency--as well as one of the most thoughtful blueprints for economic sociology--this book reclaims for sociology the study of one of the most important arenas of human action.
| Author | : Irene Schoene |
| Publisher | : Bloomsbury Publishing |
| Total Pages | : 505 |
| Release | : 2015-09-10 |
| Genre | : Business & Economics |
| ISBN | : 0857843109 |
Have you ever questioned our economic model? Wondered how the financial crash was able to happen? Thought about what we can do stop it happening again? Modern economics bases its view of the world on assumptions Adam Smith made about nature and people nearly three hundred years ago, in a time when people travelled by horse and carriage and wrote by the light of candles. We now live in a globally connected, post-industrial world of digital communication and advanced technology – and yet, our economic model remains stuck in the past. Taking a thorough look at economics, including the history and how we reached our current way of thinking, Irene Schoene puts forward an alternative economics that is not only relevant to our modern world of technology and industry, but which also shows an awareness of environmental considerations. Read this to be enlightened about how economics can be considerate of our environmental situation.
