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Economics, Science and Capitalism
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Economics, Science and Capitalism
Series: Routledge Frontiers of Political Economy
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Various strains of heterodox economics have sought, and largely
failed, to dismount orthodoxy from its dominant position. This book
critiques the criticizers, explaining why heterodox economics
challenges have faltered, and then presents a coherent alternative
paradigm of its own. This simultaneously exposes the vacuousness of
neoclassical economics, the limitations of heterodox critique and
the subverting of Karl Marx’s revolutionary economic thought by
his own disciples. The book draws in particular on two key
intellectual traditions in making its arguments: critical realism
and Marxism. From the refounding of critical realist philosophy of
science in the hands of Roy Bhaskar, emphasis is placed upon the
position that the ontological nature of the object of study
determines the form of its possible science. However, in their
theoretical constructions, neither orthodox economics nor heterodox
economics problematizes the unique ontology of capitalism to the
detriment of knowledge about the social world. The book maintains
that a century of misthinking over Marx’s corpus has resulted in
a missed opportunity to construct a paradigmatic alternative to
orthodox economics. Drawing upon the tradition of the Japanese Uno
approach to Marxism, and supported by Bhaskar’s development of
critical realism as underlaborer for science, the book defends
Marx’s writing in his monumental Capital as founding an economic
science adequate to its ontological object of study. It then
elaborates upon how Marxian economic theory exposes the hidden
scourges of capitalism and what is required to unleash the
potential of this theory for comprehensive analysis of capitalist
vicissitudes, the study of economic life in precapitalist societies
and the design of a desperately needed postcapitalist social order.
Broadening its appeal as it sets out to reclaim Marx’s
revolutionary legacy, this original volume critically traverses
writings in mainstream and heterodox economics, cutting edge
philosophy of science and Marxian political economy and introduces
readers to a reconstruction of Marx’s Capital engineered in
Japan. This provocative book is essential reading for everyone
interested in heterodox economics, critical realism, Marxian
economics and critiques of capitalism.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Frontiers of Political Economy |
Release date: |
September 2023 |
Authors: |
Richard Westra
|
Dimensions: |
234 x 156mm (L x W) |
Pages: |
198 |
ISBN-13: |
978-0-367-61043-2 |
Categories: |
Books
|
LSN: |
0-367-61043-4 |
Barcode: |
9780367610432 |
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