Narrative Fixation In Economics

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Narrative Fixation in Economics

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Author : Edward Fullbrook
Publisher :
ISBN 13 : 9781848902282
Total Pages : 166 pages
Book Rating : 4.9/5 (22 download)

Book Synopsis Narrative Fixation in Economics by : Edward Fullbrook

Download or read book Narrative Fixation in Economics written by Edward Fullbrook and published by . This book was released on 2016-12-01 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a great book. Against the background of the dogmatism of much of modern economics, Fullbrook has produced an innovative, wide-ranging argument for narrative pluralism. The timely book is beautifully written, accessible to all, provocative, extraordinarily insightful, and extremely compelling. Tony Lawson, Cambridge University, UK This fascinating and profound work should be read ... by anyone who is taken in by mainstream economics' false claims of scientific objectivity. Fullbrook's erudite, systematic and thoughtful investigation into the philosophical and conceptual bases of the "singular narrative" exposes the limitations of neoclassical economics and its degenerate practice, and provides a powerful critique of different models of economic rationality. Jayati Ghosh, Jawaharlal Nehru University, India For anyone interested in the state of modern (mainstream) economics, and especially in how and why the neoclassical school has remained so dominant since the Crash of 2008, Fullbrook's book is a must-read. It goes far beyond other treatments in the way that it compares (unfavourably) the prevailing "mono-epistemology" in economics with the norms of epistemological pluralism in the natural sciences. Robert H. Wade, London School of Economics This genuinely original book... scrutinizes the weird make-believe world of mainstream economics and its narrative dogmatism, determinism and atomism, it constitutes a powerful plaidoyer for real pluralism in economics. Fullbrook brings bold new perspectives on the logic of economic choice, rationality, ideology, naturalism, and microfoundations. Whether you agree with him or not, he forces you to think. Lars P Syll, MalmO University, Sweden This book is provocative and highly convincing. It shows us that there is no such thing as a one and unique truth, neither in natural sciences, nor in social sciences. Because reality is multifaceted, narrative pluralism is essential for the advancement of knowledge and for the good health of a democratic society. Fullbrook changes our understanding of what is science and what is ideology. AndrE OrlEan, l'Ecole des hautes Etudes en sciences sociales, Paris The neoclassical monopoly in economics necessarily ignores most of what really counts, and locks out competitors. Fullbrook establishes this persuasively in a thoughtful, grounded, and accessible study. To be adequate, economic understanding requires a plurality of approaches. This book shows conclusively that no other position is tenable. Anver Offer, All Souls College, Oxford University, UK Edward Fullbrook's Narrative Fixation in Economics is an exceptionally erudite exploration of the descent of economics into scientism and anti-knowledge. Julie Nelson, University of Massachusetts, Boston

Narrative Economics

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Author : Robert J. Shiller
Publisher : Princeton University Press
ISBN 13 : 0691212074
Total Pages : 408 pages
Book Rating : 4.6/5 (912 download)

Book Synopsis Narrative Economics by : Robert J. Shiller

Download or read book Narrative Economics written by Robert J. Shiller and published by Princeton University Press. This book was released on 2020-09-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.

Pluralistic Economics and Its History

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Author : Ajit Sinha
Publisher : Taylor & Francis
ISBN 13 : 1000008673
Total Pages : 324 pages
Book Rating : 4.0/5 ( download)

Book Synopsis Pluralistic Economics and Its History by : Ajit Sinha

Download or read book Pluralistic Economics and Its History written by Ajit Sinha and published by Taylor & Francis. This book was released on 2019-05-24 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a history of economics – as it was interpreted, discussed and established as a discipline – in the 20th century. It highlights the pluralism of the discipline and brings together leading voices in the field who reflect on their lifelong work. The chapters draw on a host of traditions of economic thought, including pre-classical, classical, Marxian, neoclassical, Sraffian, post-Keynesian, Cantabrigian and institutionalist traditions in economics. Further, the volume also looks at the history of economics in India and its evolution as a discipline since the country’s independence. This book will appeal to students, researchers and teachers of economics and intellectual history, as well as to the interested general reader.

What is Heterodox Economics?

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Author : Andrew Mearman
Publisher : Routledge
ISBN 13 : 1351744011
Total Pages : 314 pages
Book Rating : 4.3/5 (517 download)

Book Synopsis What is Heterodox Economics? by : Andrew Mearman

Download or read book What is Heterodox Economics? written by Andrew Mearman and published by Routledge. This book was released on 2019-04-17 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Global Financial Crisis, economics has been under greater public scrutiny, revealing a crisis in the discipline. This represented a potential turning point on how economics should be thought and taught. Heterodox economics has played a prominent role in these discussions revolving around new economics thinking and pluralism in economics. Yet, its identity, aspirations, and pedagogy remain underexplored, contested, and somewhat opaque. This volume brings together sixteen interviews with leading economists to understand what heterodox economics is. How and why does an economist become heterodox? In which way do heterodox economists see themselves as ‘different’ from mainstream economics? The interviews shed light on what problems heterodox economists perceive in the mainstream; elucidate the different contexts under which they operate in higher education; and provide insights on their ontology and methodology. The reader will also find answers to the following questions about the nature and state of heterodox economics: Do heterodox economists have particular intellectual journeys, motives and aspirations? Is this reflected in their teaching practices and strategies to achieve social change? What is the relation between heterodox economics and the humanities and arts? Appealing to a diverse audience, including philosophers, sociologists and historians of economic thought, the book will be of great interest to anyone keen to find out more about the internal discussions in the economics discipline.

Can Heterodox Economics Make a Difference?

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Author : Phil Armstrong
Publisher : Edward Elgar Publishing
ISBN 13 : 180037089X
Total Pages : 528 pages
Book Rating : 4.8/5 (3 download)

Book Synopsis Can Heterodox Economics Make a Difference? by : Phil Armstrong

Download or read book Can Heterodox Economics Make a Difference? written by Phil Armstrong and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a series of in-depth interviews with leading economists and policy-makers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist and Institutionalist, this intriguing book sheds light upon the behaviour of economists and the sociology of the economics profession by enabling economists to express their views on a wide range of issues.

Pluralist Economics

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Author : Edward Fullbrook
Publisher : Zed Books Ltd.
ISBN 13 : 1848137508
Total Pages : 193 pages
Book Rating : 4.8/5 (481 download)

Book Synopsis Pluralist Economics by : Edward Fullbrook

Download or read book Pluralist Economics written by Edward Fullbrook and published by Zed Books Ltd.. This book was released on 2013-07-18 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an authoritative and accessible guide to the pluralist movement threatening to revolutionise mainstream economics. Leading figures in the field explain why pluralism is a required virtue in economics, how it came to be blocked and what it means for the way we think about, research and teach economics. The first part of the book looks at how neoclassical economics gained its stranglehold, particularly in the United States, and how the social and intellectual underpinnings of economics have enabled it to maintain this in the face of inconsistent evidence from the real world. This is then contrasted with different approaches to pluralism. Pluralist Economics then goes on to address the array of arguments for establishing pluralism, showing how economics came to function as a concealed ideology and not as a science, and how value-free economics is an illusion. Finally, it addresses the practical problems presented by this different way of doing economics.

Narratives in Economics

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Author : Michael W. M. Roos
Publisher :
ISBN 13 : 9783969730683
Total Pages : 0 pages
Book Rating : 4.7/5 (36 download)

Book Synopsis Narratives in Economics by : Michael W. M. Roos

Download or read book Narratives in Economics written by Michael W. M. Roos and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I

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Author : David Howden
Publisher : Springer Nature
ISBN 13 : 3031174143
Total Pages : 365 pages
Book Rating : 4.0/5 (311 download)

Book Synopsis The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I by : David Howden

Download or read book The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I written by David Howden and published by Springer Nature. This book was released on 2023-04-23 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the first of two volumes, explores the impact of Jesús Huerta de Soto and his role in the modern revival of the Austrian School of Economics. The chapters focusing on monetary economics, business cycle theory, and entrepreneurship, combine established ideas with novel topics to explore the new directions forged by Huerta de Soto’s ideas. This approach presents Huerta de Soto’s influence on modern economics. It also outlines his current research paradigm. This book aims to highlight and build upon the intellectual legacy of Jesús Huerta de Soto through its contribution to the Austrian School of Economics. It will be relevant to students and researchers interested in monetary policy and Austrian economics.

How Novelty and Narratives Drive the Stock Market

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Author : Nicholas Mangee
Publisher :
ISBN 13 : 9781108971409
Total Pages : pages
Book Rating : 4.9/5 (714 download)

Book Synopsis How Novelty and Narratives Drive the Stock Market by : Nicholas Mangee

Download or read book How Novelty and Narratives Drive the Stock Market written by Nicholas Mangee and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. To deal with uncertainty, investors engage in narratives thatwhich simplify the complexity of real-time, non-routine change. Narratives themselves are a source of uncertainty as investors tell stories that others have told them and so on. This book assesses the Novelty-Narrative Hypothesis for the U.S. stock market by conducting a comprehensive investigation of unscheduled events through big data textual news analysis of Dow Jones and Bloomberg News financial reports. Analysis is motivated by great early thinkers of modern-day capital markets, such as Knight, Keynes, and Popper, and recent evidence from outside disciplines, such as cognitive psychology, sociology, and linguistics. Findings suggests that major macro events and associated narratives spill over into the churning stream of corporate novelty and sub-narratives, spawning different forms of unforeseeable stock market instability"--

The Dark Side of Nudges

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Author : Maria Alejandra Madi
Publisher : Routledge
ISBN 13 : 0429806469
Total Pages : 108 pages
Book Rating : 4.4/5 (298 download)

Book Synopsis The Dark Side of Nudges by : Maria Alejandra Madi

Download or read book The Dark Side of Nudges written by Maria Alejandra Madi and published by Routledge. This book was released on 2019-06-21 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of "nudging" has hit news headlines in recent years following the implementation of nudge policies in many parts of the world, the establishment of behavioural policy units in some countries, and the award of the Nobel Prize in Economics to the behavioural economist Richard Thaler in 2017. However, questions remain about whether nudging is an optimal approach to policy-making. This book presents a critical approach to the study of nudging to highlight the foundations, rationale and effects of current policy-making trends in the neoliberal age of behavioural economics. In this provocative book, the author presents a re-examination of the methodological foundations of behavioural economics and its consequences for addressing the deep social and economic policy challenges of our times. It is argued that, although the concept of nudge proposed by Richard Thaler and Cass Sunstein rejects the theorization of economic behaviour under models of strict rationality, nudge policies focus on methodological individualism in economic thinking and economic policy. The complexity of social and economic policy problems of the twenty-first century calls for a revision of our conceptual outlooks, and to increase recognition of the failure of methodological individualism in economics to address the unprecedented social, political, and environmental challenges of globalization. Offering a new take on the epistemological assumptions underlying behaviourally-informed policies, this book will prompt the general public to consider new ideas about the darker side of behavioural economics.

A Philosophical Look at Keynes and Hayek

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Author : Maria Alejandra Madi
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527548252
Total Pages : 163 pages
Book Rating : 4.5/5 (275 download)

Book Synopsis A Philosophical Look at Keynes and Hayek by : Maria Alejandra Madi

Download or read book A Philosophical Look at Keynes and Hayek written by Maria Alejandra Madi and published by Cambridge Scholars Publishing. This book was released on 2020-03-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the constructive crossing between philosophy, semiotics, and economics. The complexity of current socioeconomic policy problems demands revision of our conceptual outlooks and recognition of the importance of fresh insights into Keynes and Hayek in the context of capitalism and globalization, contributing to unprecedented social, political, and environmental challenges. Their contributions to economic theory, policy making and philosophical foundations are reconsidered here using the semiotic approach of Charles S. Peirce. The book provides accessible discussions on the role of semiotics in social sciences. Approaching philosophical problems using a semiotic approach requires overcoming and redefining preconceived ideas and conceptualizations of such problems. Throughout this work, the combination of Charles Peirce’s philosophical background with Keynes’s and Hayek’s contributions, as influential economic thinkers, permits a multifaceted dialogue, creating new conceptual, theoretical and methodological frameworks, preparing the reader for relevant real-world debates. This text serves to renew the bond between philosophy, semiotics, and economics and to rethink the paths to complexity.

The Political Economy of Inequality

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Author : Frank Stilwell
Publisher : John Wiley & Sons
ISBN 13 : 1509528687
Total Pages : 265 pages
Book Rating : 4.5/5 (95 download)

Book Synopsis The Political Economy of Inequality by : Frank Stilwell

Download or read book The Political Economy of Inequality written by Frank Stilwell and published by John Wiley & Sons. This book was released on 2019-05-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, the gap between the incomes, wealth and living standards of rich and poor people has increased in most countries. Economic inequality has become a defining issue of our age. In this book, leading political economist Frank Stilwell provides a comprehensive overview of the nature, causes, and consequences of this growing divide. He shows how we can understand inequalities of wealth and incomes, globally and nationally, examines the scale of the problem and explains how it affects our wellbeing. He also shows that, although governments are often committed to ‘growth at all costs’ and ‘trickle down’ economics, there are alternative public policies that could be used to narrow the gap between rich and poor. Stilwell’s engaging and clear guide to the issues will be indispensable reading for all students, general readers and scholars interested in inequality in political economy, economics, public policy and beyond.

Doughnut Economics

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Author : Kate Raworth
Publisher : Chelsea Green Publishing
ISBN 13 : 1603587969
Total Pages : 322 pages
Book Rating : 4.6/5 (35 download)

Book Synopsis Doughnut Economics by : Kate Raworth

Download or read book Doughnut Economics written by Kate Raworth and published by Chelsea Green Publishing. This book was released on 2018-03-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

The Conscience of a Progressive

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Author : Steven Klees
Publisher : John Hunt Publishing
ISBN 13 : 1789044979
Total Pages : 203 pages
Book Rating : 4.7/5 (89 download)

Book Synopsis The Conscience of a Progressive by : Steven Klees

Download or read book The Conscience of a Progressive written by Steven Klees and published by John Hunt Publishing. This book was released on 2020-10-30 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Conscience of a Progressive begins where Senator Barry Goldwater’s The Conscience of a Conservative (1960) and Paul Krugman’s The Conscience of a Liberal (2007) leave off. Prof. Klees draws on 45 years of work around the world as an economist and international educator to paint a detailed picture of conservative, liberal, and progressive views on a wide range of current social issues. He takes an in-depth look at his specializations: education, economics, poverty and inequality, international development, and capitalism. He examines major social problems like health care, the climate crisis, and war. Throughout the book, Prof. Klees tries to give a fair and careful depiction of how conservatives and liberals see these issues, whilst focusing on critiques by progressives, and on the alternatives they offer.

Intelligence, Creativity, and Wisdom

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Author : Robert J. Sternberg
Publisher : Springer Nature
ISBN 13 : 3031267729
Total Pages : 402 pages
Book Rating : 4.0/5 (312 download)

Book Synopsis Intelligence, Creativity, and Wisdom by : Robert J. Sternberg

Download or read book Intelligence, Creativity, and Wisdom written by Robert J. Sternberg and published by Springer Nature. This book was released on 2023-06-27 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection examines the interrelationships between the psychological concepts of intelligence, creativity, and wisdom, while also presenting a systematic attempt to combine them within the overarching concept of meta-intelligence. Building on Robert J. Sternberg’s previous work, this authoritative volume brings together leading researchers in the field of intelligence, creativity, and wisdom to show the latest advances in this line of research through a selection of 18 chapters. Using a wide range or approaches, including psychological, cognitive, educational, and philosophical perspectives, internationally renowned scholars offer insights into the benefits of re-thinking our understanding of intelligence, creativity, and wisdom, and how they may helpfully be more integrated. This wide-ranging collection will appeal in particular to students and scholars of cognitive, differential, social, developmental, and educational psychology, as well as creativity studies, education, philosophy, and related disciplines.

Uncertain Futures

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Author : Jens Beckert
Publisher : Oxford University Press
ISBN 13 : 0192552759
Total Pages : 368 pages
Book Rating : 4.1/5 (925 download)

Book Synopsis Uncertain Futures by : Jens Beckert

Download or read book Uncertain Futures written by Jens Beckert and published by Oxford University Press. This book was released on 2018-07-12 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face. This edited volume lays the foundations for a new model of economic reasoning by showing how, in conditions of uncertainty, economic actors combine calculation with imaginaries and narratives to form fictional expectations that coordinate action and provide the confidence to act. It draws on groundbreaking research in economic sociology, economics, anthropology, and psychology to present theoretically grounded empirical case studies. These demonstrate how grand narratives, central bank forward guidance, economic forecasts, finance models, business plans, visions of technological futures, and new era stories influence behaviour and become instruments of power in markets and societies. The market impact of shared calculative devices, social narratives, and contingent imaginaries underlines the rationale for a new form of narrative economics.

Narrative in Economics

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Author : Mary S. Morgan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

Book Synopsis Narrative in Economics by : Mary S. Morgan

Download or read book Narrative in Economics written by Mary S. Morgan and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: