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From Economics Imperialism to Freakonomics - The Shifting Boundaries between Economics and other Social Sciences (Paperback)
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From Economics Imperialism to Freakonomics - The Shifting Boundaries between Economics and other Social Sciences (Paperback)
Series: Economics as Social Theory
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Is or has economics ever been the imperial social science? Could or
should it ever be so? These are the central concerns of this book.
It involves a critical reflection on the process of how economics
became the way it is, in terms of a narrow and intolerant
orthodoxy, that has, nonetheless, increasingly directed its
attention to appropriating the subject matter of other social
sciences through the process termed "economics imperialism". In
other words, the book addresses the shifting boundaries between
economics and the other social sciences as seen from the confines
of the dismal science, with some reflection on the responses to the
economic imperialists by other disciplines. Significantly, an old
economics imperialism is identified of the "as if market" style
most closely associated with Gary Becker, the public choice theory
of Buchanan and Tullock and cliometrics. But this has given way to
a more "revolutionary" form of economics imperialism associated
with the information-theoretic economics of Akerlof and Stiglitz,
and the new institutional economics of Coase, Wiliamson and North.
Embracing one "new" field after another, economics imperialism
reaches its most extreme version in the form of "freakonomics", the
economic theory of everything on the basis of the most shallow
principles. By way of contrast and as a guiding critical thread, a
thorough review is offered of the appropriate principles
underpinning political economy and its relationship to social
science, and how these have been and continue to be deployed. The
case is made for political economy with an interdisciplinary
character, able to bridge the gap between economics and other
social sciences, and draw upon and interrogate the nature of
contemporary capitalism.
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