Imagining Economics Otherwise

Encounters with Identity/Difference

Imagining Economics Otherwise

It is possible to be ‘irrational’ without being ‘uneconomic’? What is the link between ‘Value’ and ‘values’? What do economists do when they ‘explain’? We live in times when the economic logic has become unquestionable and all-powerful so that our quotidian economic experiences are defined by their scientific construal. This book is the result of a multifaceted investigation into the nature of knowledge produced by economics, and the construction of the category that is termed ‘economic’ with its implied exclusions. It is an attempt to think economics Otherwise, that is, a questioning of economics as if difference mattered. Nitasha Kaul re-examines certain understood ways of thinking about economics as a discipline, especially in elation to questions of identity and difference. This book explores the notion that economics is not a timeless, universal, objective science but a changing response to the problems of knowledge and administration. The epistemological inheritance of economics is ‘rooted’ in the enlightenment, and it also inherits the liberal paradoxes of that age. Kaul argues that the juxtaposition of identity with economic (culture/economy) is essential, and can only be achieved by critiquing establishment economists’ discourse on identity, and taking feminist poststructural and postcolonial work seriously. The author challenges the assumption that there is a simple linkage between the category economic, the entity economy and the study of economics. She envisions an economics in the plural: contextual, social, political—econo-mixes. The book brings together some of the most urgent topics of the day—the power of economics as a discipline, the questions of difference and the politics of identity, and feminist perspectives on this. It will be particularly relevant to heterodox economists, feminist theorists, postcolonial studies scholars, social and cultural theorists, philosophers and history of ideas or intellectual history of thought scholars.

On the Reliability of Economic Models

Essays in the Philosophy of Economics

On the Reliability of Economic Models

This volume represents a contribution to the philosophy of economics with a distinctive point of view -- the contributors have selected particular areas of economics and have probed these areas for the philosophical and methodological issues that they raise. The primary essays are written by philosophers concentrating on philosophical issues that arise at the level of the everyday theoretical practice of working economists. Commentary essays are provided by working economists responding to the philosophical arguments from the standpoint of their own disciplines. The volume thus represents something of an `experiment' in the philosophy of science, striving as it does to explore methodological issues across two research communities. The purpose of the volume is very specific: to stimulate a discussion of the epistemology and methodology of economics that works at the level of detail of existing `best practice' in economics today. The contributors have designed their contributions to stimulate productive conversation between philosophers and economists on topics in the methodology of economics.

Political Economy After Economics

Scientific Method and Radical Imagination

Political Economy After Economics

This re-incorporation of economics into political economy is one (small, but not insignificant) element in a larger project: to place all of the resources of present-day social-scientific research at the service of increasing democracy, in an ultimate direction toward socialism in the classic sense. An economics-enriched political economy is, above all, empowering: working people in general can calculate, build models, think theoretically, and contribute to a human-worthy future, rather than leaving all this to their "betters."

Economics, Rational Choice and Normative Philosophy

Economics, Rational Choice and Normative Philosophy

Following Amartya Sen’s insistence to expand the framework of rational choice theory by taking into account ‘non-utility information,’ economists, political scientists and philosophers have recently concentrated their efforts in analysing the issues related to rights, freedom, diversity intentions and equality. Thomas Boylan and Ruvin Gekker have gathered essays that reflect this trend. The particular themes addressed in this volume include: the measurement of diversity and freedom, formal analysis of individual rights and intentions, judgment aggregation under constraints and strategic manipulation in fuzzy environments. Some papers in the volume also deal with philosophical aspects of normative social choice.

Foundations for New Economic Thinking

A Collection of Essays

Foundations for New Economic Thinking

New economic thinking is in demand in the light of the recent economic crisis. This book equips the reader with a better understanding of current ways of thinking as well as an awareness of other possibilities, providing the foundations for debate in theory and methodology alongside practical implications for policy.

Beyond Neoclassical Economics

Heterodox Approaches to Economic Theory

Beyond Neoclassical Economics

Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory. Offering a wide spectrum of theory and viewpoints that both complement and challenge mainstream and conventional thought, this substantial volume explores schools of thought and traditions poorly covered in most conventional economics textbooks. The schools presented include Austrian economics, Geo-economics, the Virginia school of political economy, Institutional economics, Feminist economics, Humanist economics and Nondeterminist Marxism. The papers in this volume have been prepared by leading scholars who offer new perspectives on conventional thought, as well as dialogue and commentary between their different approaches to economics. The aim of this major book is not only to understand the thought, methodology, and approach of various economic schools, but also to explain why there are different approaches to economics and how the different schools relate to one another.

Postcolonialism Meets Economics

Postcolonialism Meets Economics

The wide array of contributors to this book draw on the rapidly growing body of postcolonial studies to critique both orthodox and heterodox economics.

Engendering Economics

Conversations with Women Economists in the United States

Engendering Economics

Between 1950 and 1975, the percentage of women receiving economic doctorates in the US sunk to an all time low. This book consists of a series of interviews with the pioneering few who did attain this status during that period.