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Prelude to political economy a study of the social and political foundations of economics

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  • "Social and political foundations of economics"

http://schema.org/description

  • "This book is a critique of economics as social science, unusual because it uses many of the same techniques that contemporary economics and positive political economy use. It relies on game theory, and more importantly, on game-theoretic reasoning; but the technical demands are small. The book cautions that perhaps we are trying to move too fast; that we are, mistakenly, dismissive of ideas that cannot be fully formalized, and too glib with our elegant tools of analysis. It must be recognized that markets and the economy are embedded in society, politics, and the law; and an immense amount of research has to go into understanding the nature of this embedding before we can come out with reliable answers. Prelude to Political Economy suggests a new approach to law and economics and to the state, and addresses important questions such as whether the state should guarantee freedom of speech and whether the free market can lead to coercion. - ;Mainstream economics was founded on many strong assumptions. Institutions and politics were treated as irrelevant, government as exogenous, social norms as epiphenomena. As an initial gambit this was fine. But as the horizons of economic inquiry have broadened, these assumptions have become hindrances rather than aids. If we want to understand why some economies succeed and some fail, why some governments are effective and others not, why some communities prosper while others stagnate, it is essential to view economics as embedded in politics and society. Prelude to Political Economy is a study of this embeddedness; it argues for an 'inclusive' approach to institutions and the state."
  • "Why do some economies succeed and some fail? Why do some communities prosper while others stagnate? The author argues that to understand these issues economics must be seen as embedded in politics and society, and he makes a study of this embeddedness."
  • "This volume aims to understand why some economies succeed and some fail, and why some communities prosper while others stagnate, so economics must be seen as embedded in politics and society. It is a study of this embeddedness."
  • "This book seeks to provide a better understanding of the state, the law, social norms, and the role of policy advise. It subscribes to the discipline of positive political economy, but also looks at the social situations that lie beyond economics and politics. It is divided into the five parts. Part I presents a primer on game theory. Part II raises the argument than an economy or market is embedded in a social setting, with all its attendant norms, institutions, and beliefs. Part III explores the idea of "the state" and laws. Part IV discusses selected topics on welfare economics. Part V argues that human beings do not use their rationality calculus over all available actions but only over a subset of them."

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  • "Electronic books"
  • "Electronic books"@en
  • "Llibres electrònics"
  • "Livres électroniques"

http://schema.org/name

  • "Prelude to political economy a study of the social and political foundations of economic"
  • "Prelude to political economy : a study of the social and political foundations of economics"
  • "Prelude to political economy a study of the social and political foundations of economics"
  • "Prelude to political economy a study of the social and political foundations of economics"@en
  • "Prelude to Political Economy A Study of the Social and Political Foundations of Economics"