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Essays on: The Nature and State of Modern Economics (Hardcover)
Loot Price: R4,278
Discovery Miles 42 780
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Essays on: The Nature and State of Modern Economics (Hardcover)
Series: Economics as Social Theory
Expected to ship within 12 - 17 working days
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Donate to Against Period Poverty
Total price: R4,298
Discovery Miles: 42 980
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What do modern academic economists do? What currently is mainstream
economics? What is neoclassical economics? And how about heterodox
economics? How do the central concerns of modern economists,
whatever their associations or allegiances, relate to those
traditionally taken up in the discipline? And how did economics
arrive at its current state? These and various cognate questions
and concerns are systematically pursued in this new book by Tony
Lawson. The result is a collection of previously published and new
papers distinguished in providing the only comprehensive and
coherent account of these issues currently available. The financial
crisis has not only revealed weaknesses of the capitalist economy
but also highlighted just how limited and impoverished is modern
academic economics. Despite the failings of the latter being more
widely acknowledged now than ever, there is still an enormous
amount of confusion about their source and true nature. In this
collection, Tony Lawson also identifies the causes of the
discipline's failings and outlines a transformative solution to its
deficiencies. Amongst other things, Lawson advocates for the
adoption of a more historical and philosophical orientation to the
study of economics, one that deemphasizes the current focus on
mathematical modelling while maintaining a high level of analytical
rigour. In so doing Lawson argues for a return to long term
systematic and sustained projects, in the manner pursued by the
likes of Marx, Veblen, Hayek and Keynes, concerned first and
foremost with advancing our understanding of social reality.
Overall, this forceful and persuasive collection represents a major
intervention in the on-going debates about the nature, state and
future direction of economics.
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