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Putting Jurisprudence Back Into Economics
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Book Synopsis Putting Jurisprudence Back Into Economics by : David Ellerman
Download or read book Putting Jurisprudence Back Into Economics written by David Ellerman and published by Springer Nature. This book was released on 2021-06-24 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an integrated jurisprudential critique of neoclassical microeconomic theory. It explains what is ‘really wrong’ with the theory both descriptively, as well as normatively. The criticism presented is based on questions of jurisprudence, and on neoclassical theory’s sins of omission and commission concerning the underlying system of property and contract. On the positive side - while the presentation is almost entirely non-mathematical - the book contains the first mathematical treatment of the fundamental theorem about property and contract in jurisprudence that underlies a market economy. The book follows the tradition of John Stuart Mill as the last major political economist who considered the study of property rights as an integral part of economic theory. The conceptual criticisms presented in this book focus on the descriptive and normative misconceptions about property and contracts that are deeply embedded ideology in neoclassical economics, not to mention in the broader society. The book recognizes that the idealized microeconomic theory is not descriptive of reality and focuses its criticism on conceptual mistakes in the theory, which are even clearer due to the idealized nature of the theory. Therefore, the book is a must-read for scholars, researchers, and students interested in a better understanding of jurisprudence in economics, neoclassical microeconomic theory, and political economy in general.
Book Synopsis Putting Jurisprudence Back Into Economics by : David Ellerman
Download or read book Putting Jurisprudence Back Into Economics written by David Ellerman and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an integrated jurisprudential critique of neoclassical microeconomic theory. It explains what is 'really wrong' with the theory both descriptively, as well as normatively. The criticism presented is based on questions of jurisprudence, and on neoclassical theory's sins of omission and commission concerning the underlying system of property and contract. On the positive side - while the presentation is almost entirely non-mathematical - the book contains the first mathematical treatment of the fundamental theorem about property and contract in jurisprudence that underlies a market economy. The book follows the tradition of John Stuart Mill as the last major political economist who considered the study of property rights as an integral part of economic theory. The conceptual criticisms presented in this book focus on the descriptive and normative misconceptions about property and contracts that are deeply embedded ideology in neoclassical economics, not to mention in the broader society. The book recognizes that the idealized microeconomic theory is not descriptive of reality and focuses its criticism on conceptual mistakes in the theory, which are even clearer due to the idealized nature of the theory. Therefore, the book is a must-read for scholars, researchers, and students interested in a better understanding of jurisprudence in economics, neoclassical microeconomic theory, and political economy in general. .
Book Synopsis Democratizing the Corporation by : Isabelle Ferreras
Download or read book Democratizing the Corporation written by Isabelle Ferreras and published by Verso Books. This book was released on 2024-03-19 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Worker representation is the first step toward democratizing the economy Although contemporary Western societies refer to themselves as “democratic,” the bulk of the population spend much of their lives in workplaces that have more in common with tyranny. Gigantic corporations such as Amazon, Meta, Exxon, and Walmart are among the richest and most powerful institutions in the world yet accountable to no one but their shareholders. The undemocratic nature of conventional firms generates profound problems across society, hurting more than just the workplace and contributing to environmental destruction and spiraling inequality. Against this backdrop, Isabelle Ferreras proposes a radical but realistic plan to democratize the private firm. She suggests that all large firms should be bicamerally governed, with a chamber of worker representatives sharing equal governance power with the standard board representing owners. In response to this proposal, twelve leading experts on corporate behavior from multiple disciplines consider its attractiveness, viability, and achievability as a “real utopian” proposal to strengthen democracy in our time.
Book Synopsis An Economic Philosophy of Production, Work and Consumption by : Rodney Edvinsson
Download or read book An Economic Philosophy of Production, Work and Consumption written by Rodney Edvinsson and published by Taylor & Francis. This book was released on 2022-08-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Economic Philosophy of Production, Work and Consumption presents a new transhistorical framework of defining production, work and consumption. It shows that they all share the common feature of intentional physical transformation of something external to the agent, at some point in time. The book opens with a discussion of various theoretical traditions within economics, spanning mainstream and heterodox perspectives, and problems with production definitions in use today. Next, the author outlines various definitions in a more formal manner and provides a discussion on measurement and the production boundary. Unproductive work is redefined as socially reproductive, i.e. such that would not be performed on a Robinson Crusoe Island. Finally, the volume applies the new conceptual framework to various historical cases and discusses the future of production, work and consumption. This essential volume will be of interest to scholars of economic philosophy and methodology, the history of economic thought, economic history and national accounting.
Book Synopsis The Law and Economics of Irrational Behavior by : Francesco Parisi
Download or read book The Law and Economics of Irrational Behavior written by Francesco Parisi and published by Stanford University Press. This book was released on 2005 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions. The application of economic models of irrational behavior to law is especially challenging because specific departures from rational behavior differ markedly from one another. Furthermore, the analytical and deductive instruments of economic theory have to be reshaped to deal with the fragmented and heterogeneous findings of psychological research, turning towards a more experimental and inductive methodology. This volume brings together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.
Book Synopsis Feminism Confronts Homo Economicus by : Martha Fineman
Download or read book Feminism Confronts Homo Economicus written by Martha Fineman and published by Cornell University Press. This book was released on 2018-08-06 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The essays in this volume confront the inroads that economics has made into the legal academy.... Law and Economics uses principles of neoclassical economics to develop laws and social policies that maintain if not bolster current allocations of power."—from the Introduction The Law and Economics school has had a significant impact on the legal and governmental landscape in the United States. It posits a perfectly rational "economic man"—homo economicus—who is unconstrained by familial and communal ties and who can and should make decisions solely in light of considerations of economic value. Feminism Confronts Homo Economicus offers a major intervention in debates about how law has come under the influence of economic principles. Drawing on the latest thinking in the fields of feminist legal theory, critical legal studies, and feminist economics, the essays critique the notion that legal and policy decisions should be made solely through the lens of economics. While the contributors question the wholesale incorporation of the neoclassical economic model into legal analysis, they do not all discard economic analysis and theory. Situated at the intersection of feminism, law, and economics, Feminism Confronts Homo Economicus will appeal to scholars and students of these disciplines as well as policy analysts and social theorists interested in family, education, labor, and welfare.
Book Synopsis New Foundations for Information Theory by : David Ellerman
Download or read book New Foundations for Information Theory written by David Ellerman and published by Springer Nature. This book was released on 2021-10-30 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph offers a new foundation for information theory that is based on the notion of information-as-distinctions, being directly measured by logical entropy, and on the re-quantification as Shannon entropy, which is the fundamental concept for the theory of coding and communications. Information is based on distinctions, differences, distinguishability, and diversity. Information sets are defined that express the distinctions made by a partition, e.g., the inverse-image of a random variable so they represent the pre-probability notion of information. Then logical entropy is a probability measure on the information sets, the probability that on two independent trials, a distinction or “dit” of the partition will be obtained. The formula for logical entropy is a new derivation of an old formula that goes back to the early twentieth century and has been re-derived many times in different contexts. As a probability measure, all the compound notions of joint, conditional, and mutual logical entropy are immediate. The Shannon entropy (which is not defined as a measure in the sense of measure theory) and its compound notions are then derived from a non-linear dit-to-bit transform that re-quantifies the distinctions of a random variable in terms of bits—so the Shannon entropy is the average number of binary distinctions or bits necessary to make all the distinctions of the random variable. And, using a linearization method, all the set concepts in this logical information theory naturally extend to vector spaces in general—and to Hilbert spaces in particular—for quantum logical information theory which provides the natural measure of the distinctions made in quantum measurement. Relatively short but dense in content, this work can be a reference to researchers and graduate students doing investigations in information theory, maximum entropy methods in physics, engineering, and statistics, and to all those with a special interest in a new approach to quantum information theory.
Book Synopsis The Reconstruction of Economic Theory by : Philip Mirowski
Download or read book The Reconstruction of Economic Theory written by Philip Mirowski and published by Springer. This book was released on 2007-06-30 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The mandate given to the editor of the present volume was succinct and to the point: gather together some of the most recent attempts to remake economic theory at its most fundamental levels, and avoid the two debased brands of academic revolutions. Now, anyone would have realized that this would be a devilishly difficult task, more likely than not to backfire; but, in retrospect, the editor still marvels at the complacency with which he embarked on the enterprise. It was quite easy to identify the critics of conventional economics who had little more than criticism to offer; it was much more difficult to feel certain that he had actually stumbled upon a substantive divergence from the orthodoxy that appeared to promise further fruitful developments. ... Forewarned and forearmed, the prospective reader should then be equipped to judge for him- or herself whether truth in advertising has been further abused, or if something a little more interesting and entertaining is afoot."--Pages 1-2
Download or read book Humanomics written by Vernon L. Smith and published by Cambridge University Press. This book was released on 2019-01-24 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Articulates Adam Smith's model of human sociality, illustrated in experimental economic games that relate easily to business and everyday life. Shows how to re-humanize the study of economics in the twenty-first century by integrating Adam Smith's two great books into contemporary empirical analysis.
Book Synopsis The Republic of Beliefs by : Kaushik Basu
Download or read book The Republic of Beliefs written by Kaushik Basu and published by Princeton University Press. This book was released on 2020-12-08 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: "[This book] argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. Why are good laws drafted but never implemented? When laws are unenforced, is it a failure of the law or the enforcers? And, most important, considering that laws are simply words on paper, why are they effective? Basu offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood. Basu summarizes standard, neoclassical law and economics before looking at the weaknesses underlying the discipline. Bringing modern game theory to bear, he develops a 'focal point' approach, modeling not just the self-interested actions of the citizens who must follow laws but also the functionaries of the state: the politicians, judges, and bureaucrats enforcing them. He demonstrates the connections between social norms and the law and shows how well conceived ideas can change and benefit human behavior. For example, bribe givers and takers will collude when they are treated equally under the law. And in food support programs, vouchers should be given directly to the poor to prevent shop owners from selling subsidized rations on the open market. Basu provides a new paradigm for the ways that law and economics interact: a framework applicable to both less developed countries and the developed world"--Jacket.
Download or read book Law's Order written by David D. Friedman and published by Princeton University Press. This book was released on 2000 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Fact Sheet Examines the relationship between economics & the law.
Download or read book Jurisprudence written by Robert L. Hayman and published by West Academic Publishing. This book was released on 2002 with total page 1028 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text presents cutting edge contemporary materials, as well as new chapters on Natural Law, Positivism, Gay Legal Rights and Critical Lawyering. The book offers comprehensive coverage of legal theory from traditional to current movements, including new materials on Legal Formalism, Legal Process, Latino Critical, and Queer Critical Theory. Also contains extensive readings and updated and amplified notes, questions, problems, and bibliographies.
Book Synopsis Law and the Rise of Capitalism by : Michael Tigar
Download or read book Law and the Rise of Capitalism written by Michael Tigar and published by NYU Press. This book was released on 2000-06 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tigar (Washington College of Law, American U.) has written a new introduction and extended afterword that update this Marxist analysis of law and jurisprudence, originally published in 1977. The study traces the role of law and lawyers in the rise of the European bourgeoisie. The new material discusses human rights issues and social movements over the past two decades, including political prisoners and the death penalty. c. Book News Inc.
Book Synopsis Economists and Societies by : Marion Fourcade
Download or read book Economists and Societies written by Marion Fourcade and published by Princeton University Press. This book was released on 2009 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Economists and Societies' explores the role of economists in the modern world. It looks at the extent of their involvement in social programs, the regulatory environment & commerce, & offers analysis of the development of this ubiquitous profession.
Book Synopsis Patterns of American Jurisprudence by : Neil Duxbury
Download or read book Patterns of American Jurisprudence written by Neil Duxbury and published by . This book was released on 1995 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique study offers a comprehensive analysis of American jurisprudence from its emergence in the later stages of the nineteenth century through to the present day. The author argues that it is a mistake to view American jurisprudence as a collection of movements and schools which have emerged in opposition to each other. By offering a highly original analysis of legal formalism, legal realism, policy science, process jurisprudence, law and economics, and critical legal studies, he demonstrates that American jurisprudence has evolved as a collection of themes which reflects broader American intellectual and cultural concerns.
Book Synopsis The Applied Theory of Price by : Deirdre N. McCloskey
Download or read book The Applied Theory of Price written by Deirdre N. McCloskey and published by . This book was released on 1985 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Harmonies of Political Economy by : Frédéric Bastiat
Download or read book Harmonies of Political Economy written by Frédéric Bastiat and published by Jazzybee Verlag. This book was released on 2017 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keine Angaben
