Market Sense : Toward a New Economics of Markets and Society

ISBN-13: 9780415977999 / Angielski / Twarda / 2005 / 188 str.

Philip Kozel

Opis

Many economists celebrate markets as institutions promoting efficiency and supporting freedom and liberty; others condemn them for generating economic inequality and social disharmony. Exchanging Entailments offers a critical evaluation of both perspectives and outlines a new economics of markets and society. This book concentrates upon the historic associations of the marketplace in the work of Aristotle, Adam Smith, Karl Marx and demonstrates what markets were imagined to entail for society was critical to each author's understanding of the central social problems of their time. Smith's work receives particular attention because his market sense underlies so much of the official defense of contemporary globalization. Marx's mature work on the other hand both provides a way to break the mechanical linking of markets to particular social outcomes and encourages us to displace the market from the center of economic analysis it has occupied both in the history of political economy and in recent controversies over globalization.

Recenzje

"Drawing on the work of Karl Marx, Adam Smith, and Aristotle, this work delves into what economists and philosophers have said about commodity exchange and its meaning for society. The author examines Smith’s analysis of exchange in Smith’s Wealth of Nations, and presents a critique of Smith’s market sense inspired by Marx. He examines various types of exchange as distinguished by non-liberal scholars, and considers the current debate over globalization." --Reference & Research Book News

Spis treści

1. Markets and Market Sense  2. Aristotle's Discourse on Commodity Exchange  3. Adam Smith's Market Sense  4. A Critique of the Market Mystique  5. Simple Exchange, Merchant Capital and Augmented Circulation  6. Liberals and Contemporary Globalization  7. The Market Sense of Contemporary Globalization's Critics.  Appendix.

O autorze

Philip Kozel is a graduate of the Economics Department at the University of Massachusetts, Amherst and has taught at the University of Pittsburgh and at Connecticut College where he is currently a Visiting Assistant Professor. His research interests currently include alternative means of distribution, including local currency movements and piracy.