9781843312475

Real World Economics

by
  • ISBN13:

    9781843312475

  • ISBN10:

    1843312476

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2007-03-01
  • Publisher: Anthem Pr

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Summary

Economics is extremely sick. It is so locked in its past that nearly all of its introductory textbooks are modelled on one that appeared in 1948. The discipline cannot continue in its autistic state much longer. This book takes you to the heart of a fiery and many-faceted debate. It is comprised of 66 articles that have been selected based on their importance to the reform movement and for their accessibility to the general reader. "Real economic problems" concern real people, so their analysis must be made intelligible to an educated general public if real democracy is to function. All economists must learn to live without the belief that there is only one right way of describing and explaining reality. This requires economists to begin the development of an ethos of honesty regarding the limitations of their chosen approaches. In engaging and thought-provoking prose, this book brings these and other conflicts out into the open and places them in the context of the major issues of the 21st century. This book will be of key interest to students of political economy and economic history.

Table of Contents

The Rand portcullis and post-autistic economicsp. 13
The social and intellectual organization and construction of economicsp. 27
Psychological autism, institutional autism and economicsp. 35
Why neoclassical economics explains nothing at allp. 45
A science too human? : economicsp. 53
Economics : the disappearing science?p. 63
Beautiful mind, non-existent prizep. 71
An igNobel scandalp. 77
The Nobel Prize in economics - a barrier to new thinkingp. 81
Seven theses for a theory of realist economicsp. 87
How reality ate itself : orthodoxy, economy and trustp. 105
Towards a realistic epistemology for economicsp. 115
Neutrality is overratedp. 123
Economic history and the rebirth of respectable charactersp. 127
Revisiting the crisis of vision in modern economic thoughtp. 135
Modernist and pre-modernist explanation in economicsp. 139
Game theory : a refinement or an alternative to neo-classical economics?p. 151
Towards a post-autistic managerial economicsp. 163
Three arguments for pluralism in economicsp. 171
Pleas for pluralismp. 177
'Efficiency' : whose efficiency?p. 185
The 'illth' of nations and the fecklessness of policy : an ecological economist's perspectivep. 191
Ecological economics is post-autisticp. 199
Priceless benefits, costly mistakes : what's wrong with cost- benefit analysis?p. 205
Is GDP a good measure of economic progress?p. 215
Living in an affluent society : it is so 'more-ish'p. 221
Kicking away the ladderp. 231
Japan, refutation of neoliberalismp. 237
Liberalisation and social structure : the case of labour intensive export growth in South Asiap. 259
Policy relevance in the Latin American School of Economicsp. 267
Driving a car with no steering wheel and no road map : neoclassical discourse and the case of Indiap. 273
Dynamic versus static efficiencyp. 281
Is anything worth keeping in standard microeconomics?p. 293
In defence of basic economic reasoningp. 297
Doctrine-centred versus problem-centred economicsp. 301
Yes, there is something worth keeping in microeconomicsp. 305
Response to Guerrien's essayp. 309
Theoretical substance should take priority over techniquep. 311
Two perspectives to Guerrien's questionp. 315
Superior analysis requires recognition of complexityp. 319
What should be retained from standard microeconomicsp. 323
Comment on Guerrien's essayp. 327
For Guerrien ... and beyondp. 329
Teaching post-autistic economics to students of political sciencep. 333
Can we please move on? : a note on the Guerrien debatep. 339
Once again on microeconomicsp. 343
Two feasible future scenarios : a high-tech utopia and a hightech dystopiap. 353
The political economy of destructive powerp. 367
Capabilities : from Spinoza to Sen and beyondp. 377
Thermodynamics and economicsp. 391
Ethics in economic theoryp. 399
Ethics and economic actorsp. 409
Social being as a problem for an ethical economicsp. 417
When social physics becomes a social problem : economics, ethics and the new orderp. 427
The economist's long farewellp. 435
Politics versus economics : keeping it realp. 445
Form and content in neoclassical theoryp. 451
Of textbooks : in search of methodp. 457
Consumer sovereignty re-examinedp. 463
The French students petitionp. 471
The French professors' petitionp. 473
Post-autistic Economics Newsletter, issue no. 1p. 477
The Cambridge University students' petitionp. 483
An international open letterp. 485
The Harvard students' petitionp. 489
Table of Contents provided by Blackwell. All Rights Reserved.

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