This text addresses the revival of classical political economy in the Cambridge tradition. Classical political economy is distinguished from vulgar political economy in terms of its economic, social, and ethical theory, each distinction turning on an issue of ontology.
This text addresses the revival of classical political economy in the Cambridge tradition. Classical political economy is distinguished from vulgar po...
Ever since the inception of economics over two hundred years ago, the tools at the discipline s disposal have grown more and more more sophisticated. This book provides a historical introduction to the methodology of economics through the eyes of economists.
The story begins with John Stuart Mill's seminal essay from 1836 on the definition and method of political economy, which is then followed by an examination of how the actual practices of economists changed over time to such an extent that they not only altered their methods of enquiry, but also their self-perception as economists....
Ever since the inception of economics over two hundred years ago, the tools at the discipline s disposal have grown more and more more sophisticate...
"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.
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"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore t...
This book provides a theoretical and historical examination of the evolution of money. It is distinct from the majority of economic approaches, for it does not see money as an outgrowth of market exchange via barter. Instead, the social, political, legal and religious origins of money are examined.
The methodological and theoretical underpinning of the work is that the study of money be historically informed, and that there exists a state theory of money that provides an alternative framework to the orthodox view of money s origins.
The contexts for analysing the introduction of...
This book provides a theoretical and historical examination of the evolution of money. It is distinct from the majority of economic approaches, for...
In recent years a group of heterodox economists largely based or trained at Cambridge University have argued that explicit ontological analysis and elaboration can provide a key to the fruitful transformation of economics. The group have shown that through sustained ontological analysis, answers can be developed to the urgent questions raised in frustration and disappointment by many commentators on the economics discipline.
In recent years a group of heterodox economists largely based or trained at Cambridge University have argued that explicit ontological analysis and el...
Since the end of the Cold War, the human face of economics has gained renewed visibility and generated new conversations among economists and other social theorists. The monistic, mechanical "economic systems" that characterized the capitalism vs. socialism debates of the mid-twentieth century have given way to pluralistic ecologies of economic provisioning in which complexly constituted agents cooperate via heterogeneous forms of production and exchange. Through the lenses of multiple disciplines, this book examines how this pluralistic turn in economic thinking bears upon the venerable...
Since the end of the Cold War, the human face of economics has gained renewed visibility and generated new conversations among economists and other...
Since 2008, the financial sector has been the subject of extensive criticism. Much of this criticism has focused on the morality of the actors involved in the crisis and its extended aftermath. This book analyses the key moral and political philosophical issues of the crisis and relates them to the political economy of finance. It also examines to what extent the financial sector can or should be reformed.
This book is unified by the view that the financial sector had been a self-serving and self-regulating elite consumed by greed, speculation and even lawlessness, with...
Since 2008, the financial sector has been the subject of extensive criticism. Much of this criticism has focused on the morality of the actors invo...
What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox economics? How do the central concerns of modern economists, whatever their associations or allegiances, relate to those traditionally taken up in the discipline? And how did economics arrive at its current state? These and various cognate questions and concerns are systematically pursued in this new book by Tony Lawson. The result is a collection of previously published and new papers distinguished in providing the only comprehensive and coherent...
What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox econ...
I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning? This book aims to clarify the concept of debt so we can find better answers to important moral and political questions.
This book seeks to accomplish two things. The first is to clarify the concept of debt by examining how the word is used in language. The second is to develop a general, principled account of how debts generate genuine obligations. This allows us to avoid settling each...
I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt...
I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning? This book aims to clarify the concept of debt so we can find better answers to important moral and political questions.
This book seeks to accomplish two things. The first is to clarify the concept of debt by examining how the word is used in language. The second is to develop a general, principled account of how debts generate genuine obligations. This allows us to avoid settling each...
I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt...
