Mapping Mainstream Economics
Mapping Mainstream Economics

Author: Georg N. Schäfer

Publisher: Taylor & Francis

Published: 2022-06-07

Total Pages: 127

ISBN-13: 1000632628

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Mapping Mainstream Economics: Genealogical Foundations of Alternativity seeks to establish a definition of the mainstream economics, and by extension the alternatives to it, by adopting a genealogical approach: tracing the methodological development of the economic mainstream through its ancestry, which allows for a definition of the mainstream that is separate from politically charged categories or gridlocked academic arguments between received schools of thought. The book follows the evolution of the economic mainstream through four major transformations of the discipline: from political to analytical economics, debates around a logical empiricist economics, the consolidation of neoclassical economics, and the recent expansion of the mainstream. For each of these steps, the key point of departure is explored, illustrated through the work of leading authors at the time. Thus, the book draws on recent research from the history of economic thought and debates the crucial role of historic concepts of economics for alternativity in the field. To put the approach into practice, it examines the relation between today’s mainstream economics and two of its alternatives: ecological economics and degrowth. Finally, the book reflects on recent exciting developments in the discourse on alternativity and sheds light on some distant relatives of today’s mainstream. This book marks a significant contribution to the literature on the debates around the state and nature of mainstream, alternative, and heterodox economics.

Wellbeing Economy
Wellbeing Economy

Author: Lorenzo Fioramonti

Publisher: Pan Macmillan South africa

Published: 2017-08-04

Total Pages: 246

ISBN-13: 1770105182

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Economic growth is a constant mantra of politicians, economists and the media. Few understand what it is, but they love and follow it blindly. The reality is that since the global financial crisis, growth has vanished in the more industrialised economies and in the so-called developing countries. Politicians may be panicking, but is this really a bad thing? Using real-life examples and innovative research, acclaimed political economist Lorenzo Fioramonti lays bare society’s perverse obsession with economic growth by showing its many flaws, paradoxes and inconsistencies. He argues that the pursuit of growth often results in more losses than gains and in damage, inequalities and conflicts. By breaking free from the growth mantra, we can build a better society that puts the wellbeing of all at its centre. A wellbeing economy would have tremendous impact on everything we do, boosting small businesses and empowering citizens as the collective leaders of tomorrow. Wellbeing Economy is a manifesto for radical change in South Africa and beyond.

Late Neoclassical Economics
Late Neoclassical Economics

Author: Yahya M. Madra

Publisher: Routledge

Published: 2016-06-10

Total Pages: 217

ISBN-13: 1317813103

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Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. ? Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. ‘Late neoclassical economics’ is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. ? This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.

The New Economics
The New Economics

Author: Steve Keen

Publisher: John Wiley & Sons

Published: 2021-11-11

Total Pages: 141

ISBN-13: 1509545301

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In 1517, Martin Luther nailed his 95 theses to the wall of Wittenberg church. He argued that the Church’s internally consistent but absurd doctrines had pickled into a dogmatic structure of untruth. It was time for a Reformation. Half a millennium later, Steve Keen argues that economics needs its own Reformation. In Debunking Economics, he eviscerated an intellectual church – neoclassical economics – that systematically ignores its own empirical untruths and logical fallacies, and yet is still mysteriously worshipped by its scholarly high priests. In this book, he presents his Reformation: a New Economics, which tackles serious issues that today's economic priesthood ignores, such as money, energy and ecological sustainability. It gives us hope that we can save our economies from collapse and the planet from ecological catastrophe. Performing this task with his usual panache and wit, Steve Keen’s new book is unmissable to anyone who has noticed that the economics Emperor is naked and would like him to put on some clothes.

What is Neoclassical Economics?
What is Neoclassical Economics?

Author: Jamie Morgan

Publisher: Routledge

Published: 2015-11-19

Total Pages: 368

ISBN-13: 1317334515

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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.

Economics: The User's Guide
Economics: The User's Guide

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

Published: 2015-10-20

Total Pages: 385

ISBN-13: 1620408147

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From the internationally bestselling author and prizewinning economist--a highly original guide to the global economy. In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works--in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks. Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States--Economics: The User’s Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives.

Value Maps
Value Maps

Author: Warren D. Miller

Publisher: John Wiley & Sons

Published: 2010-05-13

Total Pages: 404

ISBN-13: 0470642432

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Praise for VALUE MAPS "Equivocator, Explorer, Experimenter, Exploiter, Extender—Chapter 12 might be well served as mandatory reading for all subject matter experts! SPARC is not a valuation, per se, but rather a separate consulting engagement that might interest a client—especially if that client is preparing for a sale or planning an exit strategy. Miller has taken the good ideas from five disciplines and married them with value enhancement, creating what could become a very good 'add-on' consulting engagement. NACVA recommends, and looks forward to, further dialogue related to this new approach. This book will open your eyes to new opportunities." —Parnell Black, MBA, CPA, CVA, Chief Executive Officer, National Association of Certified Valuation Analysts (NACVA) "No one illuminates the murky intersection where business strategy and private company value creation meet better than Warren Miller. Now he's focused his extensive professional training and real-world experience to produce this intellectually rich, yet down-to-earth and fun-to-read road map we can all use. Business owners and leaders, financial analysts, management consultants, wealth managers, CPAs, business brokers, private equity investors, business appraisers—no one should plan to increase the value of an enterprise without Value Maps in their passenger seat." —David Foster, CEO, Business Valuation Resources "Private-equity analysts do not often come across scholarly and technical professional reading laced with laugh-out-loud moments! Yet this is exactly what one finds in Value Maps. Warren Miller's advice stems from his career as a finance executive, a CPA, a valuation analyst, and a 'recovering academic.' With pitch-perfect balance, Warren has created both a must-have professional reference guide and a best-practices road map designed to enhance the profitability of your client's business and your own—all in a very readable style with just a 'spoon-full of sugar.' Enjoy the read!" —Gary M. Karlitz, ASA, CPA, Partner-in-Charge, Valuation Services, Forensic Services, and Forensic Accounting, Citrin Cooperman & Company, LLP "Extremely readable, with numerous real-world examples—valuation specialists who don't read this book will soon be looking for a new profession. Miller takes the term 'valuation' to new levels, suggesting that appraisers can indeed add real value to their clients' businesses. Clients should demand that a valuation professional read this book before he or she will be hired." —Alfred M. King, Vice Chairman, Marshall & Stevens, Inc.

Geofusion: Mapping Of The 21st Century
Geofusion: Mapping Of The 21st Century

Author: Norbert Csizmadia

Publisher: World Scientific

Published: 2020-03-26

Total Pages: 423

ISBN-13: 9811214670

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Geofusion is an exciting journey around the main issues of the 21st century.This is a book with roadmaps that show the complexity of our world, the interconnections between places, people, schools of thoughts, and disciplines. Starting with a geographical frame of reference, readers are taken through the global geo-economic trends and likely future scenarios as well as the driving forces of the new world economy. The book points to the importance of cities as the power centers for the multidimensional global network of the 21st century. Geofusion is a thought-provoking guidebook to our interconnected world.

A New Economic Anthropology
A New Economic Anthropology

Author: François Régis Mahieu

Publisher: Taylor & Francis

Published: 2023-03-10

Total Pages: 96

ISBN-13: 1000890325

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Traditionally economic anthropology has been studied by sociologists, anthropologists, and philosophers seeking to highlight the social foundations of economic action. Meanwhile, anthropological questions have remained largely untreated in economics, despite the prominence given to the individual in microeconomics. And there is very little in the way of dialogue between the two sides. This book argues for a new economic anthropology which goes beyond the conflict of economics and anthropology to show the complementarity of the two approaches. Economics needs to go beyond the stage of homo oeconomicus and be open to broader ideas about the person. Equally, anthropology can be enriched through the methods and models of economic theory. This new economic anthropology goes beyond a simple observation of societies. It is new because it introduces the responsible person with a wider range of characteristics, in particular vulnerability and suffering, as a subject of economics. It is a particular interpretation of economic anthropology calling for a broadening of the subject (moving from the individual to the person), range of values (admission of negative values for altruism, social capital, responsibility), and disciplinary references. Through this approach, both economics and anthropology can be enriched. This book will be of great interest to those working in the fields of economics, anthropology, philosophy, and development studies.

The Limits to Scarcity
The Limits to Scarcity

Author: Lyla Mehta

Publisher: Routledge

Published: 2013-05-13

Total Pages: 288

ISBN-13: 1136538933

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Scarcity is considered a ubiquitous feature of the human condition. It underpins much of modern economics and is widely used as an explanation for social organisation, social conflict and the resource crunch confronting humanity's survival on the planet. It is made out to be an all-pervasive fact of our lives - be it of housing, food, water or oil. But has the conception of scarcity been politicized, naturalized, and universalized in academic and policy debates? Has overhasty recourse to scarcity evoked a standard set of market, institutional and technological solutions which have blocked out political contestations, overlooking access as a legitimate focus for academic debates as well as policies and interventions? Theoretical and empirical chapters by leading academics and scholar-activists grapple with these issues by questioning scarcity's taken-for-granted nature. They examine scarcity debates across three of the most important resources - food, water and energy - and their implications for theory, institutional arrangements, policy responses and innovation systems. The book looks at how scarcity has emerged as a totalizing discourse in both the North and South. The 'scare' of scarcity has led to scarcity emerging as a political strategy for powerful groups. Aggregate numbers and physical quantities are trusted, while local knowledges and experiences of scarcity that identify problems more accurately and specifically are ignored. Science and technology are expected to provide 'solutions', but such expectations embody a multitude of unexamined assumptions about the nature of the 'problem', about the technologies and about the institutional arrangements put forward as a 'fix.' Through this examination the authors demonstrate that scarcity is not a natural condition: the problem lies in how we see scarcity and the ways in which it is socially generated.