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The Boundaries of Economics (Hardcover)
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The Boundaries of Economics (Hardcover)
Series: Murphy Institute Studies in Political Economy
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This volume examines themes that complicate the conventional
economist's view of the world and thereby provide for a notably
more complex, and humane, subject of study than the traditional
Homo economicus. Written by economists and philosophers, these
essays attempt to place neoclassical economic theory, especially
conventional textbook micro-economic theory, in the broader context
of other social sciences and modern economics. In doing so, the
book aims to find the boundaries of economics and to define more
sharply its relationship to other kinds of inquiry. Though the
widespread use of textbook microtheory in business, economic, and
political analysis is a clear testament to its power, the
restrictions and artificialities of neoclassical assumptions give
cause for worry even to many economists. This book examines the
extent to which the economist's paradigm - that man is
characterized chiefly by self-interested goals and rational choice
of means - is useful in studying traditional noneconomic fields
such as philosophy, political theory, and rhetoric. It also looks
at how insights from other disciplines are changing - and perhaps
improving - the current practice of economics.
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