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A Genealogy Of Self Interest In Economics
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Book Synopsis A Genealogy of Self-Interest in Economics by : Susumu Egashira
Download or read book A Genealogy of Self-Interest in Economics written by Susumu Egashira and published by Springer Nature. This book was released on 2021-01-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Book Synopsis A Genealogy of Self-Interest in Economics by : Susumu Egashira
Download or read book A Genealogy of Self-Interest in Economics written by Susumu Egashira and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of "self-interest" is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this "self-interested" explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist's positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today's capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Book Synopsis Self-Interest before Adam Smith by : Pierre Force
Download or read book Self-Interest before Adam Smith written by Pierre Force and published by Cambridge University Press. This book was released on 2003-09-04 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-Interest before Adam Smith inquires into the foundations of economic theory. It is generally assumed that the birth of modern economic science, marked by the publication of The Wealth of Nations in 1776, was the triumph of the 'selfish hypothesis' (the idea that self-interest is the motive of human action). Yet, as a neo-Epicurean idea, this hypothesis had been a matter of controversy for over a century and Smith opposed it from a neo-Stoic point of view. But how can the Epicurean principles of orthodox economic theory be reconciled with the Stoic principles of Adam Smith's philosophy? Pierre Force shows how Smith's theory refutes the 'selfish hypothesis' and integrates it at the same time. He also explains how Smith appropriated Rousseau's 'republican' critique of modern commercial society, and makes the case that the autonomy of economic science is an unintended consequence of Smith's 'republican' principles.
Book Synopsis The Hesitant Hand by : Steven G. Medema
Download or read book The Hesitant Hand written by Steven G. Medema and published by Princeton University Press. This book was released on 2011-03-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author explores what has been perhaps the central controversy in modern economics from Adam Smith to today. He traces the theory of market failure from the 1840s through the 1950s and subsequent attacks on this view by the Chicago and Virginia schools.
Book Synopsis Historicizing Self-Interest in the Modern Atlantic World by : Christine Zabel
Download or read book Historicizing Self-Interest in the Modern Atlantic World written by Christine Zabel and published by Routledge. This book was released on 2021-03-15 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume historicizes the use of the notion of self-interest that at least since Bernard de Mandeville and Adam Smith’s theories is considered a central component of economic theory. Having in the twentieth century become one of the key-features of rational choice models, and thus is seen as an idealized trait of human behavior, self-interest has, despite Albert O. Hirschman’s pivotal analysis of self-interest, only marginally been historicized. A historicization(s) of self-interest, however, offers new insights into the concept by asking why, when, for what reason and in which contexts the notion was discussed or referred to, how it was employed by contemporaries, and how the different usages developed and changed over time. This helps us to appreciate the various transformations in the perception of the notion, and also to explore how and in what ways different people at different times and in different regions reflected on or realized the act of considering what was in their best interest. The volume focuses on those different usages, knowledges, and practices concerned with self-interest in the modern Atlantic World from the seventeenth to twentieth centuries, by using different approaches, including political and economic theory, actuarial science, anthropology, or the history of emotions. Offering a new perspective on a key component of Western capitalism, this is the ideal resource for researches and scholars of intellectual, political and economic history in the modern Atlantic World.
Book Synopsis Greed, Self-Interest and the Shaping of Economics by : Rudi Verburg
Download or read book Greed, Self-Interest and the Shaping of Economics written by Rudi Verburg and published by Routledge. This book was released on 2018-03-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the past of economics can contribute to today’s debates. The book considers how economics took shape as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explains how dreams of affluence, morality and happiness were built upon human greed and vanity. It covers the bumpy road of the construction and reconstruction of this dream, exploring the debate on the foundations, conditions and limitations of the idea of the social utility of greed and vanity. Revisiting this debate provides a rich source of ideas in rethinking economics and the basic beliefs concerning our economic system today.
Book Synopsis Research in the History of Economic Thought and Methodology (Part A, B & C) by : Warren J. Samuels
Download or read book Research in the History of Economic Thought and Methodology (Part A, B & C) written by Warren J. Samuels and published by Emerald Group Publishing. This book was released on 2008-06-16 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell.
Book Synopsis Greed in the History of Political Economy by : Rudi Verburg
Download or read book Greed in the History of Political Economy written by Rudi Verburg and published by . This book was released on 2018 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the economics of the past can contribute to todays debates.The book considers how political economy developed, as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explores how dreams of affluence, morality and happiness were built upon human greed and vanity. It presents a framework within which to contextualise present-day concerns about limits to growth, and through which we can rethink the basis of our economic system."--Provided by publisher.
Book Synopsis Public Choice Interpretations of American Economic History by : Jac. C. Heckelman
Download or read book Public Choice Interpretations of American Economic History written by Jac. C. Heckelman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jac C. Heckelman, John C. Moorhouse and Robert Whaples The eight chapters of this volume are revised versions of papers originally presented at the "Applications of Public Choice Theory to Economic History" conference held at Wake Forest University, April 9-10, 1999. They all apply the tools of public choice theory to the types of questions which economic historians have traditionally addressed. By adding the insights of public choice economics to the traditional tools used to understand economic actors and institutions, the authors are able to provide fresh insights about many important issues of American history. 1. DEVELOPMENTS IN PUBLIC CHOICE THEORY Economists have historically sought to develop policies to improve social welfare by correcting perceived market failures due to monopoly power, externalities, and other departures from the textbook case of the purely competitive model. An underlying assumption is that the public sector, upon recognizing the market failure, will act to correct it. Applied work often develops the conditions under which these policies will be optimal. The public choice movement has questioned the false dichotomy established by welfare economists. Economists of all persuasions assume traditional private market actors, such as entrepreneurs, managers, and consumers, are self-interested rational maximizers. Why should this not hold for all economic agents? The innovation of public choice analysis is to show what happens when public sector actors, such as politicians, bureaucrats, and voters, also behave as rational self-interested maximizers.
Book Synopsis A History of Economic Thought in France by : Gilbert Faccarello
Download or read book A History of Economic Thought in France written by Gilbert Faccarello and published by Taylor & Francis. This book was released on 2023-10-02 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, there has been a long and sustained interest in studying the history of economic ideas in France. Interest appeared to wane after World War II, but in recent decades, there has been a marked renaissance of interest and research in the contributions of French-speaking authors. Drawing on the flow of recent research, this book presents a new assessment of the history of political economy in France incorporating both novel presentations of some traditional subjects and topics that are not usually studied. This first volume deals with the history of political economy in France in the Age of Enlightenment. After presenting a kind of “review of the troops” and some main developments inherited from preceding centuries, the chapters are devoted to P. de Boisguilbert’s foundation of liberal political economy; J. Law’s monetary theory and policy; the many strands of “commerce politique”; the theoretical developments of F. Quesnay and the physiocratic movement; and A.-R.-J. Turgot’s, J.-J.-L. Graslin’s and M.-J.-A.-N. Caritat de Condorcet’s sensationist political economy. The volume then examines some political critiques of liberal political economy and goes on with a study of the first attempts to quantify economic variables and to formalise the economic discourse. It concludes with a chapter on the importance of translations into French of books published abroad, and with the main institutional and theoretical developments which happened during the French Revolution. A History of Economic Thought in France will be invaluable reading for advanced students and researchers of the history of economic thought, political economy, intellectual history and French history.
Book Synopsis Economics and Psychology by : Stavros Drakopoulos
Download or read book Economics and Psychology written by Stavros Drakopoulos and published by Taylor & Francis. This book was released on 2023-12-01 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the rise of modern behavioural economics and increasing interest in subjective well-being research, the question of the relationship between economics and psychology has again been brought to the fore. Drawing on the history of economic thought, this book explores the historical relationship between the two disciplines. The book opens with a description of the primary philosophical foundations for early arguments supporting the interplay between economics and psychology. Both classical economists and other prominent pre-marginalists writers are examined in this context. The ensuing discussion explores the marginalist revolution and how well-known economists like Jevons and Edgeworth, influenced by pre-marginalist writers, incorporated ideas and findings from psychology. The book then describes how, following the so-called “Paretian turn”, early neoclassical economists attempted to expel psychological concepts from economic analysis. Combined with the increasing formalization, the influence of the classical physics scientific ideal, and the impact of positivism, this methodological stance became dominant in modern mainstream economics. In contrast, non-mainstream traditions continued to acknowledge the significance of psychology in their economic analysis. Thistradition includes inter alia the so-called old behavioural economics, mainly of Herbert Simon and George Katona. The revival of psychology in economics came mainly with the emergence and development of new behavioural economics as a distinct branch during the last few decades. The trend was further assisted by the emergence of the economics of subjective well-being. Finally, the book briefly explores the state of the current debate concerning the relationship between economics and psychology. This book will be invaluable reading to anyone interested in the history of the study of economics and psychology, as well as of great interest to students and scholars of history of economic thought, psychological economics, behavioural economics and the history and philosophy of social sciences.
Book Synopsis Petty's Place in the History of Economic Theory by : Charles Henry Hull
Download or read book Petty's Place in the History of Economic Theory written by Charles Henry Hull and published by Good Press. This book was released on 2021-04-11 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Petty's Place in the History of Economic Theory" by Charles Henry Hull. Published by Good Press. Good Press publishes a wide range of titles that encompasses every genre. From well-known classics & literary fiction and non-fiction to forgotten−or yet undiscovered gems−of world literature, we issue the books that need to be read. Each Good Press edition has been meticulously edited and formatted to boost readability for all e-readers and devices. Our goal is to produce eBooks that are user-friendly and accessible to everyone in a high-quality digital format.
Book Synopsis Historians, Economists, and Economic History (Routledge Revivals) by : Alon Kadish
Download or read book Historians, Economists, and Economic History (Routledge Revivals) written by Alon Kadish and published by Routledge. This book was released on 2010-11-30 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1989, Alon Kadish’s study re-examines the standard view held by historians of economic thought whereby economic history emerged from the historicist criticism of neoclassical economic theory. He also demonstrates how the discipline evolved as an extension of the study of history. The study will appeal to students and scholars in historiography, the development of higher education and in the history if economic thought in general, as well as all those interested in the evolution of Oxford and Cambridge.
Book Synopsis Research in the History of Economic Thought and Methodology by : Luca Fiorito
Download or read book Research in the History of Economic Thought and Methodology written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2020-02-19 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Including chapters on British public debt in the 19th century, French financial controversies in the mid-1800s, and a thoughtful reflection on the USA's New Deal, this volume is a global exploration of public finance history. For researchers interested in the history of economics, this is an essential read containing the most up-to-date research.
Book Synopsis The Vested Interests and the Common Man by : Thorstein Veblen
Download or read book The Vested Interests and the Common Man written by Thorstein Veblen and published by Cosimo, Inc.. This book was released on 2005-01-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: BCC: In The Vested Interests and the Common Man, long considered a classic text of economics, Veblen discusses various financial transformations within the historical unfolding of capitalism and examines the value of free enterprise in general. It emphasizes the automation and the loss of direct human relations within the industrial arts as well as social repercussions of capitalistic industry.AUTHOR BIO: Thorstein Veblen (1857-1929) was an American economist and social critic. After studying at Carleton College and at Johns Hopkins, Yale-where he received a Ph.D. in 1884-and Cornell, Veblen taught at the University of Chicago, Stanford University, and the University of Missouri, as well as at the New School for Social Research in New York. His works include The Theory of the Leisure Class (1899), The Theory of Business Enterprise (1904), The Engineers and the Price System (1921), and Absentee Ownership and Business Enterprise in Recent Times (1923).
Book Synopsis History of Economic Thought as an Intellectual Discipline by : Denis Patrick O'Brien
Download or read book History of Economic Thought as an Intellectual Discipline written by Denis Patrick O'Brien and published by Edward Elgar Publishing. This book was released on 2007 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Restates the importance of the study of the history of ideas, in the context of the writings of economists. This book presents a case study involving five methodological detours. It includes an analysis of a flawed attempt to remedy the manifest deficiencies of the static general equilibrium model. It is suitable for economists and researchers.
Book Synopsis Natural Law and the Origin of Political Economy by : Arild Saether
Download or read book Natural Law and the Origin of Political Economy written by Arild Saether and published by Taylor & Francis. This book was released on 2017-06-26 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Samuel Pufendorf’s work on natural law and political economy was extensive and has been cited by several important figures in the history of economic thought. Yet his name is rarely mentioned in textbooks on the history of economic thought, the history of political science or the history of philosophy. In this unprecedented study, Arild Sæther sheds new light both on Pufendorf’s own life and work, as well as his influence on his contemporaries and on later scholars. This book explores Pufendorf ’s doctrines of political economy and his work on natural law, which was translated into several major European languages. Natural Law and the Origin of Political Economy considers the influence he had on the writings on political economy of John Locke, Charles Montesquieu, Jean-Jacques Rousseau, Francis Hutcheson and Adam Smith, amongst others. If Smith can be called the father of modern economics, this book claims that Pufendorf can be called the grandfather. This volume is of great importance to those who study Pufendorf ’s extensive works, as well as those interested in history of economic thought, political economy and political philosophy.
