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Economics, Science and Capitalism (Hardcover)
Loot Price: R4,140
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Economics, Science and Capitalism (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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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.
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