Kategoria BISAC: Business & Economics >> Economics - Theory

During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations. In it, a distinguished list of non-neoclassical economists provide a study of some of the many worldly and logical gaps in neoclassical economics, its hidden ideological agendas, disregard for the environment, habitual misuse of mathematics and statistics, inability to address the major issues of economic globalization, its ethical cynicism...

The articles in this book have been selected for their importance to the reform movement and for their accessibility to the general reader. Intelligibility is one of the movement's two keystones. "Real economic problems" concern real people, so their analysis must be made intelligible to an educated general public if real democracy is to function.

The second keystone of the post-autistic movement is pluralism. All analysis proceeds on the basis of concepts that admit only a partial view of the economy, thereby predetermining the set of possible conclusions. This requires economists...

Fines and monetary damages account for the majority of legal sanctions across the whole spectrum of legal governance. Money is, in key respects, the primary tool law has to achieve compliance. Yet money has largely been ignored by social analyses of law, and especially by social theory.

The Currency of Justice examines the differing rationalities, aims and assumptions built into money's deployment in diverse legal fields and sanctions. This raises major questions about the extent to which money appears as an abstract universal or whether it takes on more particular meanings...

We live in a time of economic virtualism, whereby our lives are made to conform to the virtual reality of economic thought. Globalization, transnational capitalism, structural adjustment programmes and the decay of welfare are all signs of the growing power of economics, one of the most potent forces of recent decades. In the last thirty years, economics has ceased to be just an academic discipline concerned with the study of economy, and has come to be the only legitimate way to think about all aspects of society and how we order our lives. Economic models are no longer measured against...

Today, as in the time of the South Sea Bubble, human nature is drawn like a moth to flame by the speculative fads of the marketplace. The excitement of new glamour issues in electronics or medical technology, the general euphoria over a rising market; these lure even many experienced investors. Their optimism overcomes their better judgment. They abandon critical analysis of the investment's fundamental value. Like gamblers in a casino they play against the odds, paying inflated prices and dreaming of quick profit. from the foreword by John Marks Templeton

Mackay's classic, first...

No one has challenged the policies of the international financial community as profoundly as Joseph Stiglitz, the former Chief Economist of the World Bank. In controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department.

For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of...

No one has challenged the policies of the international financial community as profoundly as Joseph Stiglitz, the former Chief Economist of the World Bank. In controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department.

For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of...