Thorstein Veblen And The Revival Of Free Market Capitalism

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Thorstein Veblen and the Revival of Free Market Capitalism

Author : Janet T. Knoedler
Publisher : Edward Elgar Publishing
ISBN 13 : 1847207073
Total Pages : 262 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Thorstein Veblen and the Revival of Free Market Capitalism by : Janet T. Knoedler

Download or read book Thorstein Veblen and the Revival of Free Market Capitalism written by Janet T. Knoedler and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume offers many interesting hints on which the reader may have cause to reflect. Tiziana Foresti, History of Economic Ideas With the restoration of laissez faire as the governing principle of contemporary economic ideology and policy making, Thorstein Veblen s insights are once again timely. This book revisits his legacy, featuring original essays by renowned Veblen scholars. The contributors review and comment upon the subjects that concerned Veblen such as: the legal system, finance and capital, the operation of markets, neoclassical economics, private property, cultural and economic change, the place of science, and higher education. They consider how his evolutionary theory of the economy and society can continue to inform our understanding of our modern world. As an astute and highly capable observer, Veblen shed light on our present system through a re-examination of a similar system. Students and scholars of economics will find this provocative book of great interest. It will also be a refreshing discussion for those frustrated by the gap between the rosy scenarios of conventional economics and the problems of inequality, conspicuous consumption, concentrated economic power and unresponsive government.

The Anthem Companion to Thorstein Veblen

Author : Sidney Plotkin
Publisher : Anthem Press
ISBN 13 : 1783082828
Total Pages : 288 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis The Anthem Companion to Thorstein Veblen by : Sidney Plotkin

Download or read book The Anthem Companion to Thorstein Veblen written by Sidney Plotkin and published by Anthem Press. This book was released on 2017-05-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amidst the global financial and political crises of the late twentieth and early twenty-first centuries, scholars have turned for insight to the work of the radical American thinker, Thorstein Veblen. Inspired by an abundance of new research, social scientists from multiple disciplines have displayed a heightened appreciation for Veblen’s importance and value for contemporary social, economic and political studies. The Anthem Companion to Thorstein Veblen is a stimulating addition to this new body of scholarship, offering fresh material for ongoing reconsiderations of Veblen as a major theoretical resource for present-day debates on epistemology, social evolution, values, higher education, capitalist development and politics.

Thorstein Veblen

Author : Erik S. Reinert
Publisher : Anthem Press
ISBN 13 : 1783083204
Total Pages : 392 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis Thorstein Veblen by : Erik S. Reinert

Download or read book Thorstein Veblen written by Erik S. Reinert and published by Anthem Press. This book was released on 2014-10-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: After his death Thorstein Veblen was hailed as ‘America’s Darwin and Marx’ and is normally portrayed as the perennial iconoclast. He severely criticised traditional economics and attempted to create an alternative approach based on a much more complex view of human beings. He is one of the most celebrated economists of our age and has been the inspiration for many books; the predatory version of capitalism we now again experience, the phenomenon of studying cultures of consumption and the darker sides of gilded ages can be traced back to Veblen. A conference in Veblen’s ancestral Norway marked the 150th anniversary of his birth. The aim of the conference was to consolidate Veblen scholarship and evaluate his relevance for the problems of today. This collection offers the results of that endeavour; it is a milestone of Vebleniana which assesses all the most salient aspects of his life and influence. Many of its contributors also push into uncharted territory, examining the man and his work from new and necessary perspectives hitherto ignored by scholarship.

The Political Ideas of Thorstein Veblen

Author : Sidney Plotkin
Publisher : Yale University Press
ISBN 13 : 0300159994
Total Pages : 289 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis The Political Ideas of Thorstein Veblen by : Sidney Plotkin

Download or read book The Political Ideas of Thorstein Veblen written by Sidney Plotkin and published by Yale University Press. This book was released on 2011-12-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thorstein Veblen is best known for his authorship of The Theory of the Leisure Class and The Theory of Business Enterprise, which made him a celebrated figure in the fields of economics and sociology at the turn of the twentieth century. In this book, Sidney Plotkin and Rick Tilman argue that in addition to his well-known work in these fields Veblen also made important—and until now overlooked—statements about politics. While Veblen's writings seldom mention politics, they are saturated with political ideas: about the relationship among war, executive power, and democracy; about the similarities between modern executive positions and monarchy; about the political influence of corporate power; about the symbolism of politics; and about many other issues. By demonstrating the deep relevance of Veblen's writings to today's political troubles, The Political Ideas of Thorstein Veblen offers an important reconsideration of a major American thinker.

The Moral Economists

Author : Tim Rogan
Publisher : Princeton University Press
ISBN 13 : 0691191492
Total Pages : 276 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Moral Economists by : Tim Rogan

Download or read book The Moral Economists written by Tim Rogan and published by Princeton University Press. This book was released on 2019-03-19 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lens What’s wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capitalism in the twenty-first century is primarily concerned with disparities in income and wealth. It was not always so. The Moral Economists reconstructs another critical tradition, developed across the twentieth century in Britain, in which material deprivation was less important than moral or spiritual desolation. Tim Rogan focuses on three of the twentieth century’s most influential critics of capitalism—R. H. Tawney, Karl Polanyi, and E. P. Thompson. Making arguments about the relationships between economics and ethics in modernity, their works commanded wide readerships, shaped research agendas, and influenced public opinion. Rejecting the social philosophy of laissez-faire but fearing authoritarianism, these writers sought out forms of social solidarity closer than individualism admitted but freer than collectivism allowed. They discovered such solidarities while teaching economics, history, and literature to workers in the north of England and elsewhere. They wrote histories of capitalism to make these solidarities articulate. They used makeshift languages of “tradition” and “custom” to describe them until Thompson patented the idea of the “moral economy.” Their program began as a way of theorizing everything economics left out, but in challenging utilitarian orthodoxy in economics from the outside, they anticipated the work of later innovators inside economics. Examining the moral cornerstones of a twentieth-century critique of capitalism, The Moral Economists explains why this critique fell into disuse, and how it might be reformulated for the twenty-first century.

Evolutionary Financial Macroeconomics

Author : Giorgos Argitis
Publisher : Routledge
ISBN 13 : 1351670689
Total Pages : 136 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Evolutionary Financial Macroeconomics by : Giorgos Argitis

Download or read book Evolutionary Financial Macroeconomics written by Giorgos Argitis and published by Routledge. This book was released on 2019-09-09 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsky. The book starts with an elucidation of Veblen’s cultural theory of insufficient private demand, waste and financial fragility and instability. It shows how speculative and parasitic leverage engenders solvency illusions and risk, pecuniary efficiency, low quality liability structures and socially destructive boom-bust cycles. Minsky’s creative destruction liquidity processes and coordination failures of cash flow escalate the aforementioned path-dependent developments and explosive dynamics of capitalist economies. The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics, the evolving habits of mind, routines and financial institutions, the speculative, manipulated and unstable financial markets, as well as the financial macroeconomic destabilizing effects of pecuniary and parasitic consumption and investment. This book will be of great interest to researchers, intellectuals and students pursuing economics and finance.

The Future of Engineering

Author : Albrecht Fritzsche
Publisher : Springer
ISBN 13 : 3319910299
Total Pages : 300 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis The Future of Engineering by : Albrecht Fritzsche

Download or read book The Future of Engineering written by Albrecht Fritzsche and published by Springer. This book was released on 2018-07-02 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world permeated by digital technology, engineering is involved in every aspect of human life. Engineers address a wider range of design problems than ever before, raising new questions and challenges regarding their work, as boundaries between engineering, management, politics, education and art disappear in the face of comprehensive socio-technical systems. It is therefore necessary to review our understanding of engineering practice, expertise and responsibility. This book advances the idea that the future of engineering will not be driven by a static view of a closed discipline, but rather will result from a continuous dialogue between different stakeholders involved in the design and application of technical artefacts. Based on papers presented at the 2016 conference of the forum for Philosophy, Engineering and Technology (fPET) in Nuremberg, Germany, the book features contributions by philosophers, engineers and managers from academia and industry, who discuss current and upcoming issues in engineering from a wide variety of different perspectives. They cover topics such as problem solving strategies and value-sensitive design, experimentation and simulation, engineering knowledge and education, interdisciplinary collaboration, sustainability, risk and privacy. The different contributions in combination draw a comprehensive picture of efforts worldwide to come to terms with engineering, its foundations in philosophy, the ethical problems it causes, and its effect on the ongoing development of society.

The Economic Crisis in Retrospect

Author : Robert M. Whaples
Publisher : Edward Elgar Publishing
ISBN 13 : 1782545336
Total Pages : 209 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis The Economic Crisis in Retrospect by : Robert M. Whaples

Download or read book The Economic Crisis in Retrospect written by Robert M. Whaples and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'If there is a single message that emerges from the wonderful essays contained in this volume, it is that economics is hard. The fact that virtually all economists agree on a handful of simple truths that describe the marketplace belies the fact that, when push comes to shove, dynamic economic processes are notoriously difficult to understand and control. The Economic Crisis in Retrospect provides the reader with a window into how some of the most perceptive economic thinkers of the last two centuries have wrestled with these issues.' Steven G. Medema, University of Colorado, US 'When the financial crisis hit, Ben Bernanke defended the economics profession by arguing that economists such as Bagehot and Thornton had a complete analysis of financial crises. Unfortunately, until the crisis hit, most economics students had never heard of, let alone read, either. That's sad, and this book provides an excellent entrée into past economists' insights and how they relate to the financial crisis. It is a useful read.' David C. Colander, Middlebury College, US 'With apologies to Santayana. . . this excellent work shows that those who can remember past economic thought are condemned to repeat the insights of major economic thinkers and show their relevance by applying them to contemporary economic issues.' Steven Pressman, Monmouth University, US As the United States continues its slow recovery from the global financial crisis of 2008, politicians, policymakers and academics are increasingly turning to the lessons of history to gain insight into how we might address both current and future economic challenges. This volume offers contributions by eminent economists and historians, each commenting on the theories of a particular 20th century economist and the ways in which those theories apply to modern economic thought. Presented in rough chronological order of the lives of the featured economists, these chapters tackle a number of major economic issues, including the role of central banks, monetary and fiscal policy, government spending, entrepreneurship and financial innovation. The contributors apply the theories of Walter Bagehot, Thorstein Veblen, John Maynard Keynes, Joseph Schumpeter and Friedrich Hayek to these and other crucial topics, offering both comprehensive historical analysis and vital insights into the modern US and world economies. Two additional chapters on the Great Depression and US monetary and fiscal history round out this critical collection. Students and professors of all economic disciplines will find much to admire in this fascinating volume, as will anyone with an interest in economics both past and present.

Greed, Self-Interest and the Shaping of Economics

Author : Rudi Verburg
Publisher : Routledge
ISBN 13 : 1351977792
Total Pages : 216 pages
Book Rating : 4.3/5 (519 download)

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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.

Geographies of the Super-rich

Author : Iain Hay
Publisher : Edward Elgar Publishing
ISBN 13 : 0857935690
Total Pages : 241 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Geographies of the Super-rich by : Iain Hay

Download or read book Geographies of the Super-rich written by Iain Hay and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔGlobalization, it seems, has propelled the worldÕs uber-wealthy to new heights of power and money, with tremendous repercussions for the other 99.9 percent of us. At a time when neoliberalism has propelled the world into a new Gilded Age, with rising inequality everywhere, an aggressive class war being waged by the wealthy, and billionaires inserting themselves bluntly into the political arena, understanding the behavior and spatiality of the super-rich has acquired a pressing urgency. This volume offers a richly textured suite of essays concerning how the super-rich have restructured local places, transforming landscapes as varied as London and Kentucky, Ireland and St. Barts, as well as domains as varied as art, thoroughbred horses, and housing.Õ Ð Barney Warf, University of Kansas, US ÔThe worldÕs super-rich, made up of just 11 million people, have access to about US$42.0 trillion of wealth. These are people who each have a spare million of ÒliquidÓ wealth. Their wealth is roughly equal to two thirds of global GDP. They own most of everything. As the editor of this books states Ò. . . library shelves and the pages of journals remain largely devoid of geographical work on the super-rich Ð a startling lacuna this volume sets out to fillÓ. The super-rich now own most of the planet. During the last year their share fell slightly. Times may be changing. Now is the time to begin to study the superÐrich in detail, especially if you are worried about where all the wealth has gone.Õ Ð Danny Dorling, University of Sheffield, UK This timely and path-breaking book brings together a group of distinguished and emerging international scholars to critically consider the geographical implications of the worldÕs super-rich, a privileged yet remarkably overlooked group. Emerging from this unique collection is an enlightening picture of the influence of the super-rich over a diverse range of affairs, extending from the shape of urban and rural landscapes to the future of art history. By concentrating on those at the apex of the economic pyramid, this book provides valuable insights to the institutions, practices and cultural values of our society, as well as allowing us a more comprehensive view of the consequences of global capitalism. Presenting case studies from across the globe Ð from Singapore to St Barts, London to Lexington Ð the spatial and cultural span of the book is wide-ranging and diverse. This truly unique book will prove a fascinating read for academics, researchers and students in the fields of geography, regional and urban studies, sociology, political science and development studies.

Transforming Higher Education

Author : Stephen J. Rosow
Publisher : Lexington Books
ISBN 13 : 0739131729
Total Pages : 260 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis Transforming Higher Education by : Stephen J. Rosow

Download or read book Transforming Higher Education written by Stephen J. Rosow and published by Lexington Books. This book was released on 2012-07-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The university is being transformed and can be transformed. This doubleness informs this book. 'Transforming' in 'transforming higher education' can be read as adjective, suggesting that higher education is being transformed by the social and political situation in which it is enmeshed. 'Transforming' can also be read as a gerund, implying the critical activity of changing the university, as signaling a creative and political act of radical possibility. The essays in this book address the transformation of higher education and the transformative possibilities of its current conditions. Only by viewing the university as a historical construction can we assess the dangers and opportunities of the new conditions of higher education, and chart a reasonable course for the future. The essays in this book are critical of recent developments in universities and higher education. Most of us come from public universities, and all remain committed to a democratic higher education that we see threatened by recent developments. There is a danger that the combination of economic crisis, market ideology, and global pressures will continue to structure the debate about higher education in ways that freeze out the transformative and politically critical possibilities of the university. Part I of the book examines the historical transformation of the university as it has changed into its current form. Part II examines both the transformation of the university into a neoliberal institution and makes the case for the more political and radical idea of transforming the university in opposition to how it has been transformed in recent years. Part III offers a number of studies aimed at illuminating possibilities for transforming the university in a more progressive, democratic direction.

Antitrust Institutions and Policies in the Globalising Economy

Author : Eleonora Poli
Publisher : Springer
ISBN 13 : 1137482958
Total Pages : 217 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Antitrust Institutions and Policies in the Globalising Economy by : Eleonora Poli

Download or read book Antitrust Institutions and Policies in the Globalising Economy written by Eleonora Poli and published by Springer. This book was released on 2015-10-19 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eleonora Poli analyses how ideas and material interests have come to determine the evolution of antitrust policies in the USA, EU, Japan and BRICS. She argues that three major economic crises together with market globalisation have changed governments' perceptions of market competition, giving rise to a neo-liberal global phase.

Global Elites

Author : A. Kakabadse
Publisher : Springer
ISBN 13 : 0230362400
Total Pages : 342 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Global Elites by : A. Kakabadse

Download or read book Global Elites written by A. Kakabadse and published by Springer. This book was released on 2011-12-12 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the nature, configuration and influence of global elites, this book examines the impact of elites on transnational policy development and strategically on corporations as board members of PLCs and international joint ventures. Overall, the book provides a balanced view of how our present day elites operate.

The Elgar Companion to Social Economics

Author : John Bryan Davis
Publisher : Edward Elgar Publishing
ISBN 13 : 1848442777
Total Pages : 705 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Elgar Companion to Social Economics by : John Bryan Davis

Download or read book The Elgar Companion to Social Economics written by John Bryan Davis and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: I highly recommend this volume for all scholars interested in challenging conventional wisdom about how a capitalist economy works, and willing to call into question assumptions that narrow our interpretation, preventing more socially beneficial practices from being implemented. International Sociology Davis and Dolfsma have edited a volume of 36 essays that provides a first-rate introduction to the recent cutting-edge scholarship in social economics. . . the volume provides an impressive and broad array of articles covering traditional social economic topics. . . Each essay is an excellent point of entry into social economic thought. This volume will be of great interest to economists writing in the heterodox tradition and/or to mainstream economists seeking a richer analysis of socioeconomic relationships. Highly recommended. Q.M. Duroy, Choice As this comprehensive Companion demonstrates, social economics is a dynamic and growing field that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency. The Elgar Companion to Social Economics brings together the leading contributors in the field to elucidate a wide range of recent developments across different subject areas and topics. In so doing the contributors also map the likely trends and directions of future research. This Companion will undoubtedly become a leading reference source and guide to social economics for many years to come. Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics.

A Modern Guide to Post-Keynesian Institutional Economics

Author : Whalen, Charles J.
Publisher : Edward Elgar Publishing
ISBN 13 : 180088575X
Total Pages : 424 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis A Modern Guide to Post-Keynesian Institutional Economics by : Whalen, Charles J.

Download or read book A Modern Guide to Post-Keynesian Institutional Economics written by Whalen, Charles J. and published by Edward Elgar Publishing. This book was released on 2022-04-19 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Modern Guide advances Post-Keynesian Institutional economics, an integrative tradition—inspired by keen economic observers such as John Kenneth Galbraith, Joan Robinson, and Hyman Minsky—that bridges Institutional and Post Keynesian economics. The tradition proved its worth by addressing the global financial crisis of 2007–2009, as well as by analyzing long-term trends accompanying the evolution of investor-driven (“money manager”) capitalism, including financialization, spreading worker insecurity, and rising inequality. The book begins with the history and contours of Post-Keynesian Institutionalism, and then breaks new ground, extending recent analyses of contemporary economic problems, sharpening concepts and methods, sketching new theories, and synthesizing ideas across research traditions.

What is Neoclassical Economics?

Author : Jamie Morgan
Publisher : Routledge
ISBN 13 : 1317334515
Total Pages : 368 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis What is Neoclassical Economics? by : Jamie Morgan

Download or read book What is Neoclassical Economics? written by Jamie Morgan and published by Routledge. This book was released on 2015-11-19 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. This controversy has many aspects because the term itself has different specifications and connotations. Within this multiplicity what we mean by neoclassical matters to pluralist and heterodox economists for two primary reasons. First, because it informs how we view and critique the mainstream; second, because the relationship between heterodox and mainstream economics influences how heterodox economists model, apply methods and construct theory. The chapters in this collection each have different things to say about these matters, with contributions ranging across the work of key thinkers, such as Thorstein Veblen and Kenneth Arrow, applied issues of non-linear modelling of dynamic systems, and key events in the history of economics. This book will be of use to those interested in methodology, political economy, heterodoxy, and the history of economic thought.

Law and Economics from an Evolutionary Perspective

Author : Glen Atkinson
Publisher : Edward Elgar Publishing
ISBN 13 : 1785361309
Total Pages : 200 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Law and Economics from an Evolutionary Perspective by : Glen Atkinson

Download or read book Law and Economics from an Evolutionary Perspective written by Glen Atkinson and published by Edward Elgar Publishing. This book was released on 2016-06-24 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and economics are interdependent. Using a historical case analysis approach, this book demonstrates how the legal process relates to and is affected by economic circumstances. Glen Atkinson and Stephen P. Paschall examine this co-evolution in the context of the economic development that occurred in the nineteenth and early twentieth centuries as well as the impact of the law on that development. Specifically, the authors explore the development of a national market, the transformation of the corporation, and the conflict between state and federal control over businesses. Their focus on dynamic, integrated systems presents an alternative to mainstream law and economics.