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Marc R. Tool, both through his writings and his editorship of the
Journal of Economic Issues, has had a profound influence on
institutional economics. Tool's efforts, in his own words, "has
been to keep values on the agenda of economic inquiry," which is
another way of saying "keep economic inquiry relevant. " Tool's
work on the theory of social value and instrumental valuation has
helped to keep institutional economics focused on the core economic
and social issues facing society, providing both a perspective from
which to analyze the economy and a criteria for evaluating
outcomes. This collection of essays is a testament to this legacy.
Although these 15 chapters cover a wide and diverse range of
topics, it is the common themes which are most striking: the
inescapable necessity of values in economic discourse; the central
role of valuation in economic activity; and most importantly, the
requirement of democratic participation to achieve "efficient"
solutions to the economic problem. These essays are offered to
honor a body of work, a set of ideas, but mostly a man who, by
directing economic inquiry to these core issues, has promoted "the
continuity of human life and the noninvidious recreation of
community through the instrumental use of knowledge.
Catholic Social Thought presents detailed commentary and response
to the Vatican's 2005 Compendium of the Social Doctrine of the
Church, with contributions from outstanding American scholars.
Addressing theology, social theory, the family, economy,
government, labor, global society, gender, peace, and the
environment, the various authors explore the core theology, explain
the Compendium's themes and arguments, and apply their own
intellectual powers to applications of its teachings. Some of the
essays are largely expository, some more critical (in both positive
and negative senses). Some operate from a standard of magisterial
assent in conformity with Ad Tuendam Fidam, others do not.
Together, the essays represent the range of Catholic thinking on
social issues in the American Church today.
In Economic Theory and Natural Philosophy Charles Clark sheds new
light on the development of economic thought, paying particular
attention to elements of continuity and divergence. The book offers
many new insights into Adam Smith, John Stuart Mill and Victorian
evolutionary social theory, the natural law foundations of the
marginal utility revolution and axiomatic general equilibrium
theory. In conclusion, the author argues that if economic theory is
to be truly scientific it must develop a theory that is based upon
history and social structure.Economic Theory and Natural Philosophy
is certain to arouse controversy and will be essential reading for
all those interested in the history of economic thought and the
current state of modern economic theory.
Marc R. Tool, both through his writings and his editorship of the
Journal of Economic Issues, has had a profound influence on
institutional economics. Tool's efforts, in his own words, "has
been to keep values on the agenda of economic inquiry," which is
another way of saying "keep economic inquiry relevant. " Tool's
work on the theory of social value and instrumental valuation has
helped to keep institutional economics focused on the core economic
and social issues facing society, providing both a perspective from
which to analyze the economy and a criteria for evaluating
outcomes. This collection of essays is a testament to this legacy.
Although these 15 chapters cover a wide and diverse range of
topics, it is the common themes which are most striking: the
inescapable necessity of values in economic discourse; the central
role of valuation in economic activity; and most importantly, the
requirement of democratic participation to achieve "efficient"
solutions to the economic problem. These essays are offered to
honor a body of work, a set of ideas, but mostly a man who, by
directing economic inquiry to these core issues, has promoted "the
continuity of human life and the noninvidious recreation of
community through the instrumental use of knowledge.
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