Pluralism in economics is the view that modern approaches to studying economic phenomena are too restrictive. It is an important issue within the development of the discipline as many approaches that were once deemed to be outside the mainstream have now become part of the consensus, e.g. game theory, behavioural economics, and information economics. Pluralism and Complexity explores the philosophical background to pluralism and shows how this can be applied to modern economics. It examines key moments like the Keynesian Revolution and the New Classical counter-revolution to show how different 'epistemic visions' arise from fundamentally different ways of handling and simplifying complexity. Examining the history of aggregate economic analysis, this book argues that the propagation of a dogmatic view of science by political and self-interested elites creates a severe deficit of pluralism in macroeconomic research and offers suggestions for reversing this dangerous trend in economics and beyond.
The contributions of Amartya Sen and Cambridge Social Ontology are two important streams in the Cambridge tradition of political economy. Despite significant commonalities, the nature and limits of their convergence remain largely unexamined. Ontology, Ethics and Economics provides the first comparative analysis of the...
As economic science progresses through its developmental stages, it invariably encounters a wave of positivism, which generates crises in traditional approaches. Entrenched paradigms are often rejected and ignored, signaling the destabilization of established systemic models. A similar process was observed at the turn...
O. Brizhak· Bulletin of Chelyabinsk Stat...· 0 citations
The stunning political upheavals witnessed across the western world over the past year have raised the question of whether the neoliberal economic system that has dominated since the 1980s is about to unravel.
During the 1930s, when liberalism last came under attack, two distinct ideologies offered hope to the disaffe...
This essay intervenes in contemporary debates around neoliberalism and its relationship to both authoritarianism and social democracy. It does so by reconstructing the debate on Thatcherism that took place between Stuart Hall and Bob Jessop in the 1980s. Both authors provide materialist analyses of Thatcherism that p...
Daniel McLoughlin· Historical Materialism· 0 citations
Across multiple theoretical traditions that treat economies as geographically differentiated, the notion of totality has come under attack from those who dismiss it as an authoritarian concept, a Eurocentric idea, or insist that it cannot grasp the inherently pluriversal character of everyday life. By contrast, this ar...
Chris Hesketh, A. Morton· Progress in Human Geography· 0 citations
To date, arguments about how markets morally form us have tended to be theoretical in nature, relying on anecdotes and contestable philosophical interpretations of economic concepts and practices. This has often resulted in the two sides speaking past each other. This essay argues that it is time to move the discussion...
Christina G. McRorie· Journal of Markets & Mor...· 0 citations
We use cookies to run the site and, with your consent, for analytics and to show ads.
See our Cookie Policy.
