Betrayal of Liberal Economics
Betrayal of Liberal Economics
Whilst Volume I looks at how economics' paradigmatic core betrayed us by its false promise, Volume II begins to consider whether the current status quo may in fact be a result of the way in which the academic community have instead betrayed economics. Starting with an exploration into the nature of human sociality and what the notion of the `individual' means in both liberal classical and modern economics, the author moves on to address the organisational implications of these conclusions using the concept of `social distance'. He then considers whether modern economics can accommodate such sociality whilst maintaining the same organisational principle of competitive decentralisation as the universal recipe for economic organisation. The text concludes by examining whether the fault can be found in the misconception of modern economics as a linear intellectual progression from liberal classical economics. This is done through a novel re-examination of liberal classical economics by developing Adam Smith's theory to answer such questions. This is a bold and foundational new work that offers an original and innovative perspective on economics and its challenges, addressing core areas such as behavioural economics, evolutionary game theory and links between social sciences (anthropology, philosophy) and neurosciences.
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293.69Lei
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Whilst Volume I looks at how economics' paradigmatic core betrayed us by its false promise, Volume II begins to consider whether the current status quo may in fact be a result of the way in which the academic community have instead betrayed economics. Starting with an exploration into the nature of human sociality and what the notion of the `individual' means in both liberal classical and modern economics, the author moves on to address the organisational implications of these conclusions using the concept of `social distance'. He then considers whether modern economics can accommodate such sociality whilst maintaining the same organisational principle of competitive decentralisation as the universal recipe for economic organisation. The text concludes by examining whether the fault can be found in the misconception of modern economics as a linear intellectual progression from liberal classical economics. This is done through a novel re-examination of liberal classical economics by developing Adam Smith's theory to answer such questions. This is a bold and foundational new work that offers an original and innovative perspective on economics and its challenges, addressing core areas such as behavioural economics, evolutionary game theory and links between social sciences (anthropology, philosophy) and neurosciences.
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