Economics originated as a branch of the humane studies that was
concerned with trying to understand how some societies flourish
while others stagnate, and also how once-flourishing societies
could come to stagnate. Over the major part of the 20th century,
however, economists mostly turned away from these humane and
societal concerns by importing mechanistic ideas from 19th century
physics. This book seeks to show how that original humane and
social focus can be renewed.
The many particular topics the book examines can be traced to
two central ideas. Firstly, that economic theory, like physics,
requires two distinct theoretical frameworks. One treats qualities
that are invariant across time and place; this is the domain of
equilibrium theory. The other treats the internal generation of
change in societies through entrepreneurial action that continually
transforms the ecology of enterprises that constitutes a society.
Secondly, economic theory is treated as a genuine social science
and not a science of rationality writ large. The book also explores
ways in which life in society is understood differently once
economics is treated as a social science.
The book will be useful to professional audiences who work with
economic theory and who find that much of the hyper-formality that
comprises economic theory these days fails to make reasonable
contact with reality. It will also be of interest to sociologists,
political scientists, and researchers in law, public policy,
Austrian economics, evolutionary economics, institutional economics
and political economy.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Foundations of the Market Economy |
Release date: |
February 2010 |
First published: |
2010 |
Authors: |
Richard Wagner
|
Dimensions: |
234 x 156 x 19mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
224 |
ISBN-13: |
978-0-415-77996-8 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
|
LSN: |
0-415-77996-0 |
Barcode: |
9780415779968 |
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