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Books > History > History of specific subjects > Economic history
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Philosophy of Economics - A Heterodox Introduction (Hardcover)
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Philosophy of Economics - A Heterodox Introduction (Hardcover)
Series: Economics and Humanities
Expected to ship within 10 - 15 working days
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Philosophy of Economics: A Heterodox Introduction provides an
introduction to the philosophy of economics through the prism of
heterodoxy. Heterodox economics covers a range of approaches and
schools of thought but what they have as a common denominator is
the conviction that economic phenomena cannot be understood, and
thus must not be studied, in isolation from their relevant context.
Conversely, the current form of neoclassical economics emerged from
the conviction that there is something like economic rationality
sui generis which can be treated independently from all other
aspects of our world, social or natural. Heterodox approaches
challenge this conviction, from a variety of angles: the economic
actor is not isolated, but lives in society which shapes him;
market goods are only one kind of goods among others, constituting
a larger set with ambiguous and shifting inner frontiers;
production of goods takes place within nature, is subjected to
physical laws and induces in most cases ecologically problematic
fluxes of matter (e.g. waste); finally, the whole economic process
in general is not in equilibrium, but shows secular trends through
which it is connected to the historical world. This book
demonstrates the vitality of these heterodox challenges from a
philosophical point of view because not only do they formulate new
hypotheses within economics, but they challenge economic theory on
a much more fundamental level: how is the economy situated in the
world, and which are the right methods for its investigation? This
book is an ideal introduction for anyone seeking alternative or
critical perspectives on the philosophy of economics and economic
theory.
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