Reassessing The Paradigm Of Economics

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Reassessing the Paradigm of Economics

Author : Valeria Mosini
Publisher : Routledge
ISBN 13 : 1136658211
Total Pages : 177 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Reassessing the Paradigm of Economics by : Valeria Mosini

Download or read book Reassessing the Paradigm of Economics written by Valeria Mosini and published by Routledge. This book was released on 2011-07-28 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: When President Reagan and Prime Minister Thatcher adopted the neoliberal doctrine as the paradigm of economics, there was no evidence that the move would have been successful, but thirty years on, the recurrent crises that culminated in 2008 suggest a serious mis-match between expectations and outcomes: a re-examination of the paradigm is in order. This book focuses on Milton Friedman’s formulation of the neoliberal doctrine, and analyses two aspects that were essential to turning it into a fully-fledged paradigm: the attribution of scientific status to positive economics, which led to informing public policies on the requirements of the market; and the characterisation of economic freedom as capable of promoting political freedom, which led to identifying free market with democracy. The book exposes Friedman’s methodological argument for attributing positive economics scientific status as a failure, and his characterisation of economic freedom as a delusion; it identifies in the emergence as the mainstream in economics of the neoclassical synthesis, which borrowed from Walras’ the mathematical treatment of equilibrium but not the ethical and social framework in which it was inscribed, a development that facilitated the transition from the Keynesian to the neoliberal paradigm. Dr. Mosini shows that the gigantic bail-outs carried out courtesy of the public purse, which institutionalised the practice of collectivising losses while keeping profits private, were no accident, but the consequence of the rethinking of the function of lender of last resort according to Friedman’s conception of rationality in relation to risk, combined with his interpretation of the 1930s recession. The book concludes that the neoliberal paradigm has served the interests of the economically powerful social strata it was designed to benefit extremely well, but that the deep, and deepening, injustice it has brought about calls for a complete rethinking of the paradigm of economics according to ethical principles respectful of human values. This book should be of interest to students and researchers of Political Economy, Economic Methodology, History of Economic Thought and Philosophy.

Techno-economic Paradigms

Author : Wolfgang J. M. Drechsler
Publisher : Anthem Press
ISBN 13 : 1843317850
Total Pages : 443 pages
Book Rating : 4.8/5 (433 download)

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Book Synopsis Techno-economic Paradigms by : Wolfgang J. M. Drechsler

Download or read book Techno-economic Paradigms written by Wolfgang J. M. Drechsler and published by Anthem Press. This book was released on 2009 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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.

Relationship Economics

Author : Lindon J. Robison
Publisher : CRC Press
ISBN 13 : 1317068238
Total Pages : 283 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Relationship Economics by : Lindon J. Robison

Download or read book Relationship Economics written by Lindon J. Robison and published by CRC Press. This book was released on 2016-04-08 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a 24/7 world and a global economy, there is no doubt that relationships impact virtually every economic transaction. In Relationship Economics, Lindon Robison and Bryan Ritchie argue that what needs to be understood is not just whether relationships matter (which, of course, they do), but also, how much, and in what circumstances they should matter. Providing a rigorous and measurable definition of the way that relationships among individuals create a capital, social capital, that can be saved, spent, and used like other forms of capital, Robison and Ritchie use numerous examples and insightful analysis, to explain how social capital shapes our ability to reduce poverty, understand corruption, encourage democracy, facilitate income equality, and respond to globalization. The first part of the book explains how social capital can be manipulated, stored, expended, and invested. The second part explores how levels of social capital within relationships influence economic transactions both positively and negatively, which in turn shape poverty levels, economic efficiency, levels and types of political participation, and institutional structures.

The Rate and Direction of Inventive Activity Revisited

Author : Josh Lerner
Publisher : University of Chicago Press
ISBN 13 : 0226473031
Total Pages : 715 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis The Rate and Direction of Inventive Activity Revisited by : Josh Lerner

Download or read book The Rate and Direction of Inventive Activity Revisited written by Josh Lerner and published by University of Chicago Press. This book was released on 2012-04-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

The Econocracy

Author : Joe Earle
Publisher : Penguin UK
ISBN 13 : 0141986883
Total Pages : 283 pages
Book Rating : 4.1/5 (419 download)

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Book Synopsis The Econocracy by : Joe Earle

Download or read book The Econocracy written by Joe Earle and published by Penguin UK. This book was released on 2017-07-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: A century ago, the idea of 'the economy' didn't exist. Now economics is the supreme ideology of our time, with its own rules and language. The trouble is, most of us can't speak it. This is damaging democracy. Dangerous agendas are hidden inside mathematical wrappers; controversial policies are presented as 'proven' by the models of economic 'science'. Government is being turned over to a publicly unaccountable technocratic elite. The Econocracy reveals that economics is too important to be left to the economists - and shows us how we can begin to participate more fully in the decisions which affect all our futures.

Adam Smith Reconsidered

Author : Paul Sagar
Publisher : Princeton University Press
ISBN 13 : 0691210837
Total Pages : 248 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Adam Smith Reconsidered by : Paul Sagar

Download or read book Adam Smith Reconsidered written by Paul Sagar and published by Princeton University Press. This book was released on 2022-04-19 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A radical reinterpretation of Adam Smith that challenges economists, moral philosophers, political theorists, and intellectual historians to rethink him—and why he matters Adam Smith has long been recognized as the father of modern economics. More recently, scholars have emphasized his standing as a moral philosopher—one who was prepared to critique markets as well as to praise them. But Smith’s contributions to political theory are still underappreciated and relatively neglected. In this bold, revisionary book, Paul Sagar argues that not only have the fundamentals of Smith’s political thought been widely misunderstood, but that once we understand them correctly, our estimations of Smith as economist and as moral philosopher must radically change. Rather than seeing Smith either as the prophet of the free market, or as a moralist who thought the dangers of commerce lay primarily in the corrupting effects of trade, Sagar shows why Smith is more thoroughly a political thinker who made major contributions to the history of political thought. Smith, Sagar argues, saw war, not commerce, as the engine of political change and he was centrally concerned with the political, not moral, dimensions of—and threats to—commercial societies. In this light, the true contours and power of Smith’s foundational contributions to western political thought emerge as never before. Offering major reinterpretations of Smith’s political, moral, and economic ideas, Adam Smith Reconsidered seeks to revolutionize how he is understood. In doing so, it recovers Smith’s original way of doing political theory, one rooted in the importance of history and the necessity of maintaining a realist sensibility, and from which we still have much to learn.

Economics Rules

Author : Dani Rodrik
Publisher : Oxford University Press, USA
ISBN 13 : 0198736894
Total Pages : 268 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Economics Rules by : Dani Rodrik

Download or read book Economics Rules written by Dani Rodrik and published by Oxford University Press, USA. This book was released on 2015 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist trains a lens on his own discipline to uncover when it fails and when it works.

Economic Woman

Author : Frances Raday
Publisher : Routledge
ISBN 13 : 1317281322
Total Pages : 262 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Economic Woman by : Frances Raday

Download or read book Economic Woman written by Frances Raday and published by Routledge. This book was released on 2019-05-14 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author introduces the concept of economic woman and makes her visible in duality with and opposition to the exclusive model of economic man. Economic man has epitomized neo-liberal capitalism, which embraces competition and maximization of profit, resulting in a steep increase in economic inequality. The book demonstrates that women’s inequality is a crucial factor in economic inequality, which cannot be fully understood without relating to women’s situation, and that economic woman cannot thrive in the conditions of economic inequality created under global neo-liberalism. Emphasising the international human rights guarantees of women’s right to equality in all fields of life, the author documents woman’s increased participation in political, public, financial and corporate institutions, employment and entrepreneurship, with some women reaching high profile positions. Nevertheless, using global data, she reveals that economic woman lags behind, with a severe economic power deficit, an unfulfilled promise of equal employment opportunity, a gendered impact of poverty and barriers to gender equality in the family. The book analyses the trap of women’s increased burden of breadwinning in the context of discriminatory laws and practices, infrastructural failures and policy gaps, which preempt achievement of gender equality in economic life. The book is intended for the general reader, academics, students, policy makers and NGOs. It shows economic woman at a global crossroads between a universal paradigm of gender equality and pervasive barriers to equal economic opportunity. The author demonstrates that tackling gender inequality, restoring welfare priorities and reducing economic inequality are inextricably linked. Human rights and governments have a vital role to play in addressing them all, to create a sustainable economic infrastructure for the lives of women and men.

The Informal Economy Revisited

Author : Martha Chen
Publisher : Routledge
ISBN 13 : 0429575386
Total Pages : 323 pages
Book Rating : 4.4/5 (295 download)

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Book Synopsis The Informal Economy Revisited by : Martha Chen

Download or read book The Informal Economy Revisited written by Martha Chen and published by Routledge. This book was released on 2020-07-14 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark volume brings together leading scholars in the field to investigate recent conceptual shifts, research findings and policy debates on the informal economy as well as future challenges and directions for research and policy. Well over half of the global workforce and the vast majority of the workforce in developing countries work in the informal economy, and in countries around the world new forms of informal employment are emerging. Yet the informal workforce is not well understood, remains undervalued and is widely stigmatised. Contributors to the volume bridge a range of disciplinary perspectives including anthropology, development economics, law, political science, social policy, sociology, statistics, urban planning and design. The Informal Economy Revisited also focuses on specific groups of informal workers, including home-based workers, street vendors and waste pickers, to provide a grounded insight into disciplinary debates. Ultimately, the book calls for a paradigm shift in how the informal economy is perceived to reflect the realities of informal work in the Global South, as well as the informal practices of the state and capital, not just labour. The Informal Economy Revisited is the culmination of 20 years of pioneering work by WIEGO (Women in Informal Employment: Globalizing and Organizing), a global network of researchers, development practitioners and organisations of informal workers in 90 countries. Researchers, practitioners, policy-makers and advocates will all find this book an invaluable guide to the significance and complexities of the informal economy, and its role in today’s globalised economy. The Open Access version of this book, available at https://www.taylorfrancis.com/books/e/9780429200724, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license

Ecological Economics for the Anthropocene

Author : Peter G. Brown
Publisher : Columbia University Press
ISBN 13 : 0231540426
Total Pages : 408 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Ecological Economics for the Anthropocene by : Peter G. Brown

Download or read book Ecological Economics for the Anthropocene written by Peter G. Brown and published by Columbia University Press. This book was released on 2015-09-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ecological Economics for the Anthropocene provides an urgently needed alternative to the long-dominant neoclassical economic paradigm of the free market, which has focused myopically—even fatally—on the boundless production and consumption of goods and services without heed to environmental consequences. The emerging paradigm for ecological economics championed in this new book recenters the field of economics on the fact of the Earth's limitations, requiring a total reconfiguration of the goals of the economy, how we understand the fundamentals of human prosperity, and, ultimately, how we assess humanity's place in the community of beings. Each essay in this volume contributes to an emerging, revolutionary agenda based on the tenets of ecological economics and advances new conceptions of justice, liberty, and the meaning of an ethical life in the era of the Anthropocene. Essays highlight the need to create alternative signals to balance one-dimensional market-price measurements in judging the relationships between the economy and the Earth's life-support systems. In a lively exchange, the authors question whether such ideas as "ecosystem health" and the environmental data that support them are robust enough to inform policy. Essays explain what a taking-it-slow or no-growth approach to economics looks like and explore how to generate the cultural and political will to implement this agenda. This collection represents one of the most sophisticated and realistic strategies for neutralizing the threat of our current economic order, envisioning an Earth-embedded society committed to the commonwealth of life and the security and true prosperity of human society.

Economic Security: Neglected Dimension of National Security ?

Author : National Defense University (U S )
Publisher : Government Printing Office
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4./5 ( download)

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Book Synopsis Economic Security: Neglected Dimension of National Security ? by : National Defense University (U S )

Download or read book Economic Security: Neglected Dimension of National Security ? written by National Defense University (U S ) and published by Government Printing Office. This book was released on 2011-12-27 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.

A Handbook of Alternative Theories of Public Economics

Author : Francesco Forte
Publisher : Edward Elgar Publishing
ISBN 13 : 1781004714
Total Pages : 567 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis A Handbook of Alternative Theories of Public Economics by : Francesco Forte

Download or read book A Handbook of Alternative Theories of Public Economics written by Francesco Forte and published by Edward Elgar Publishing. This book was released on 2014-03-28 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views. The book takes a comprehensive interdisciplinary approach, drawing on economi

Routledge Handbook of Ecological Economics

Author : Clive L. Spash
Publisher : Routledge
ISBN 13 : 1317395093
Total Pages : 787 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Routledge Handbook of Ecological Economics by : Clive L. Spash

Download or read book Routledge Handbook of Ecological Economics written by Clive L. Spash and published by Routledge. This book was released on 2017-04-07 with total page 787 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since becoming formally established with an international academic society in the late 1980s, ecological economics has advanced understanding of the interactions between social and biophysical reality. It initially combined questioning of the basis of mainstream economics with a concern for environmental degradation and limits to growth, but has now advanced well beyond critique into theoretical, analytical and policy alternatives. Social ecological economics and transformation to an alternative future now form core ideas in an interdisciplinary approach combining insights from a range of disciplines including heterodox economics, political ecology, sociology, political science, social psychology, applied philosophy, environmental ethics and a range of natural sciences. This handbook, edited by a leading figure in the field, demonstrates the dynamism of ecological economics in a wide-ranging collection of state-of-the-art essays. Containing contributions from an array of international researchers who are pushing the boundaries of the field, the Routledge Handbook of Ecological Economics showcases the diversity of the field and points the way forward. A critical analytical perspective is combined with realism about how economic systems operate and their essential connection to the natural world and society. This provides a rich understanding of how biophysical reality relates to and integrates with social reality. Chapters provide succinct overviews of the literature covering a range of subject areas including: heterodox thought on the environment; society, power and politics, markets and consumption; value and ethics; science and society; methods for evaluation and policy analysis; policy challenges; and the future post-growth society. The rich contents dispel the myth of there being no alternatives to current economic thought and the political economy it supports. The Routledge Handbook of Ecological Economics provides a guide to the literature on ecological economics in an informative and easily accessible form. It is essential reading for those interested in exploring and understanding the interactions between the social, ecological and economic and is an important resource for those interested in fields such as: human ecology, political ecology, environmental politics, human geography, environmental management, environmental evaluation, future and transition studies, environmental policy, development studies and heterodox economics.

Scientific Cosmology and International Orders

Author : Bentley B. Allan
Publisher : Cambridge University Press
ISBN 13 : 110827143X
Total Pages : 362 pages
Book Rating : 4.1/5 (82 download)

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Book Synopsis Scientific Cosmology and International Orders by : Bentley B. Allan

Download or read book Scientific Cosmology and International Orders written by Bentley B. Allan and published by Cambridge University Press. This book was released on 2018-04-19 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Cosmology and International Orders shows how scientific ideas have transformed international politics since 1550. Allan argues that cosmological concepts arising from Western science made possible the shift from a sixteenth century order premised upon divine providence to the present order centred on economic growth. As states and other international associations used scientific ideas to solve problems, they slowly reconfigured ideas about how the world works, humanity's place in the universe, and the meaning of progress. The book demonstrates the rise of scientific ideas across three cases: natural philosophy in balance of power politics, 1550–1815; geology and Darwinism in British colonial policy and international colonial orders, 1860–1950; and cybernetic-systems thinking and economics in the World Bank and American liberal order, 1945–2015. Together, the cases trace the emergence of economic growth as a central end of states from its origins in colonial doctrines of development and balance of power thinking about improvement.

Policy Paradigms in Theory and Practice

Author : John Hogan
Publisher : Springer
ISBN 13 : 113743404X
Total Pages : 267 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Policy Paradigms in Theory and Practice by : John Hogan

Download or read book Policy Paradigms in Theory and Practice written by John Hogan and published by Springer. This book was released on 2015-07-13 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors investigate policy paradigms and their ability to explain the policy process actors, ideas, discourses and strategies employed to provide readers with a better understanding of public policy and its dynamics.

Economics of Sovereign Wealth Funds

Author : Mr.Udaibir S. Das
Publisher : International Monetary Fund
ISBN 13 : 1589069277
Total Pages : 330 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Economics of Sovereign Wealth Funds by : Mr.Udaibir S. Das

Download or read book Economics of Sovereign Wealth Funds written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2010-12-09 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

The Rentier State

Author : Hazem Beblawi
Publisher : Routledge
ISBN 13 : 1317410432
Total Pages : 196 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Rentier State by : Hazem Beblawi

Download or read book The Rentier State written by Hazem Beblawi and published by Routledge. This book was released on 2015-07-16 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, first published in 1987, is devoted to a discussion of interrelations of the economic base with the cultural, social and political structures, and of its impact on the state. The ‘rentier states’ of the Middle East, which derive a substantial part of their revenue from foreign sources in the form of rent, largely oil revenues, face the same basic problem, the challenge of transforming their economies to give increased strength to productive activity and rely on its progress to increase state revenue from domestic sources. This book, Volume Two in the Nation, State and Integration in the Arab World research project carried out by the Istituto Affari Internazionali, examine the issue of the modernization of rentier states’ public finance, which may well entail important modifications in their domestic politics.