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Critical Theory and Economics - Philosophical Notes on Contemporary Inequality (Hardcover)
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Critical Theory and Economics - Philosophical Notes on Contemporary Inequality (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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This book expands upon a range of economic insights within the
overall context of critical theory, particularly with respect to
the question of socioeconomic inequalities, and presents an
explanation of how critical theory provides a number of interesting
perspectives for economists. Economic agents, deliberately
imprisoned in their instrumental rationality as a means to survive
under competitive relationships, are microscopic constituents of
systemic forces which exist beyond their will. Despite the
subjective rationality of such agents in terms of formally-logical
consistency and transitivity, aggregate market distributional
mechanisms also display non-rational patterns. The crucial aspect
of the dynamics of this system consists of the paralysing effect of
the high level of socioeconomic inequality, which is driven by a
permanent struggle for self-preservation under competitive rules;
it is a reminiscence of natural, uncivilised relationships that
constituted the reproduction process of the whole. These reified
agents thus become instruments of their socially constructed powers
on the one hand, and objects of their existential conditionality on
the other. Hence, the dialectical approach adopted by the author
aims to uncover the way in which structurally-genetic market forces
govern individual behaviour, as well as how individual behaviour
shapes these structurally-genetic forces, which, together, form the
transcending principles of unequal distribution. This book will be
of particular interest to scholars of the political economy,
philosophy and the methodology of the social sciences, especially
those concerned with inequality issues. This book includes a
preface written by Professor Martin Jay.
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