By Tony Lawson
What do smooth educational economists do? What at the moment is mainstream economics? what's neoclassical economics? and the way approximately heterodox economics? How do the valuable issues of contemporary economists, no matter what their institutions or allegiances, relate to these regularly taken up within the self-discipline? and the way did economics arrive at its present kingdom? those and numerous cognate questions and issues are systematically pursued during this new ebook via Tony Lawson. the result's a suite of formerly released and new papers exceptional in offering the one finished and coherent account of those concerns at present on hand.
The monetary hindrance has not just printed weaknesses of the capitalist financial system but in addition highlighted simply how constrained and impoverished is glossy educational economics. regardless of the flaws of the latter being extra extensively said now than ever, there's nonetheless a major quantity of misunderstanding approximately their resource and precise nature. during this assortment, Tony Lawson additionally identifies the factors of the discipline’s failings and descriptions a transformative option to its deficiencies.
Amongst different issues, Lawson advocates for the adoption of a extra historic and philosophical orientation to the research of economics, person who deemphasizes the present concentrate on mathematical modelling whereas conserving a excessive point of analytical rigour. In so doing Lawson argues for a go back to long-term systematic and sustained tasks, within the demeanour pursued via the likes of Marx, Veblen, Hayek and Keynes, involved at the start with advancing our figuring out of social reality.
Overall, this forceful and persuasive assortment represents a huge intervention within the on-going debates in regards to the nature, nation and destiny course of economics.
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Extra resources for Essays on: The Nature and State of Modern Economics
Sample text
Includes bibliographical references and index. 1. Economics—Study and teaching (Higher) 2. Economics. I. Title. L39 2015 330—dc23 2014036834 ISBN: 978-1-138-85101-6 (hbk) ISBN: 978-1-138-85102-3 (pbk) ISBN: 978-1-315-72441-6 (ebk) Typeset in Palatino by RefineCatch Limited, Bungay, Suffolk To Julien and Chloe Contents Preface Acknowledgements 1 Continuing myths and fallacies of modern economics 2 Modern economics: the problem and a solution 3 The nature of heterodox economics 4 What is this ‘school’ called neoclassical economics?
Economics too has its more basic concerns. These include such matters as social relations, collective practices, social positions, community, capitalism, money, corporations, technology, gender, rights, obligations, human nature, care, trust, crises, economy, and so forth. Yet most economists, if inevitably occasionally referencing such categories, do rarely investigate their nature. However, it is impossible to provide much insight without at least some understanding of the nature of both social being in general and also the specific social phenomena being ‘theorised’.
The financial crisis has not only revealed weaknesses of the capitalist economy but also highlighted just how limited and impoverished is modern academic economics. Despite the failings of the latter being more widely acknowledged now than ever, there is still an enormous amount of confusion about their source and true nature. In this collection, Tony Lawson also identifies the causes of the discipline’s failings and outlines a transformative solution to its deficiencies. Amongst other things, Lawson advocates for the adoption of a more historical and philosophical orientation to the study of economics, one that deemphasizes the current focus on mathematical modelling while maintaining a high level of analytical rigour.
