The Journal of Philosophical Economics

Articles

Vol. 11, No. 1, Autumn

Smith's Invisible Hand: Controversy Is Needed
IntroductionEconomics and political economy seem to be insufficiently effective in criticizing, in theory and in practice, Neoliberal ideology. Among the roots of this trouble is a lack of radical thinking and an unwillingness to re-consider afresh established...
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The Order of Social Sciences: Sociology in Dialogue with Neighbouring Disciplines
The order of social sciences: introductory remarksThe development of academic thought during the twentieth century is marked by a rapid and continual process of accumulation of a vast quantity of scientific material. If the field is narrowed down and...
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Some Thoughts on Ancient Civilizations' Trinity of Philosophy, Religion and Economics
IntroductionIn above context, at least three important facts should be recognized. First, that human history is an excellent teacher. It is continuous and there are no gaps in it. If at all, there are, these are the gaps in our memory and knowledge alone....
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How to Transform Economics? A Philosophical Appraisal
IntroductionIt is, I think, particularly in periods of acknowledged crisis that scientists have turned to philosophical analysis as a device for unlocking the riddles of their field.' (Kuhn 1996 119621:88)The global financial meltdown of 2007-2008 unleashed...
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A Multidisciplinary-Economic Framework of Analysis
Open economies require open minds.IntroductionAfter 40 years of immersion in economics, sociology, psychology and philosophy, it has been founded an answer to the question of the relationship between economics as an aspect-system and economics as a subsystem....
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Vol. 10, No. 2, Spring

A Revolution in Economic Theory: The Economics of Piero Sraffa
Review of Ajit Sinha, A Revolution in Economic Theory: The Economics of Piero Sraff a, Palgrave Macmillan, 2016, x + 244 pages, ISBN 978-3319306155Piero Sraffa's 1960 subversive classic was the leanest, most muscular missive ever to strike at the heart...
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Economics, Chrematistics, Oikos and Polis in Aristotle and St. Thomas Aquinas
IntroductionEven though economics, together with politics, is a practical science and considered part of moral philosophy, following the marginalist revolution of the late nineteenth century, economics has ended up adopting as its pattern of scientificity...
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The Dominion of Means over Ends. Modern Bank Credit and Max Weber's Irrational Rationalization
IntroductionThe objective of this paper is to define an ultimate end of the tool of financial credit, by means of which it will be possible to compare the functioning of the present financial institutions in order to verify whether such an end is fulfilled...
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Economic Theory in Historical Perspective
IntroductionIn this paper, we attempt a brief and at the same time critical review of the salient features of each school of economic thought that withstood the test of time and is still fuelling with ideas and arguments for the conduct of economic policy....
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Vol. 10, No. 1, Autumn

Aristotle on Justice in Exchange: Commensurability by Fiat
IntroductionThis essay offers an interpretation of an aspect of Aristotle's remarks on commensurability in the Nicomachean Ethics (Nie. Eth). It attends to a term that has received much scholarly attention in the context of Aristotle's logical works...
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Economic Crisis, Economic Methodology and the Scientific Ideal of Physics
IntroductionMany leading economists have argued that mainstream economics failed to predict and offer useful insights to the recent economic crisis of 3008 (for a review, see Beker, 3016). [1] There were several explanations for this failure, but a substantial...
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Planning Horizons as an Ordinal Entropic Measure of Organization
IntroductionThe defining characteristic of institutional and ecological economics is interdependence, everything causally interrelates with no bound to resulting effects. Every act ripples out through social and physical space onto all living creatures,...
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'Why Has Economics Turned out This Way?' A Socio-Economic Note on the Explanation of Monism in Economics
IntrodactionAs several studies have shown, pluralism in economics is a bygone assumption (see e.g. Heise, Thieme 2016; Lee 2009). This statement assumes that economics had been characterized by pluralism in earlier times. Indeed, the period until World...
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Review of Altug Yalcintas, Intellectual Path Dependence in Economics: Why Economists Do Not Reject Refuted Theories
Review of Altug Yalcintas, Intellectual Path Dependence in Economics: Why economists do not reject refuted theories, Routledge, 2016, hb, xiv + 173 pages, ISBN 978-1-138-01617-0This book's main interrogation, 'why should economists change their minds?'...
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Review of Mary Godwin, Ethics and Diversity in Business Management Education. A Sociological Study with International Scope
Review of Mary Godwin, Ethics and Diversity in Business Management Education. A Sociological Study with International Scope, Heidelberg, Springer-Verlag, 2015, eb, x + 94 pages, ISBN 978-3-662-46654-4Mary Godwyn's Ethics and Diversity in Business Management...
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Vol. 9, No. 2, Spring

The Case for Increasing Returns (2): The Methods of Planning Horizons
IntroductionThe practice of any discipline is largely based on habit, drawn from years of experience and patterns of thought imprinted deep in our minds. Standard techniques and doctrines are applied to events or acts subconsciously; only the novel aspects...
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Poor Countries and Development: A Critique of Nicole Hassoun and a Defense of the Argument for Good Institutional Quality
Introduction and the problem statementFor Miller (2007, p. 51), anyone surveying the current state of people in the world cannot help but be struck by the vast disparity in living standards and life prospects between the global rich and the global poor....
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Rawls and Piketty: The Philosophical Aspects of Economic Inequality
IntroductionRegarding the issue of whether economics is an economic question, perhaps the best answer can be found in Heidegger's (2002:9) response to the technique that is not a technical issue. The reason for this is that science does not think. Heidegger...
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Slow Living and the Green Economy
IntroductionThis paper is concerned with the discussion of the links between relatively novel concepts in the field (or bordering the field) of economics - slow living, slow food, slow writing and the green economy. The scope of the paper is double -...
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Potrosaèka Kultura I Konzumerizam [Consumer Culture and Consumerism]
Review of Potrosaèka kultura i konzumerizam [Consumer Culture and Consumerism], edited by Snjezana Colic, Institute of Social Sciences Ivo Pilar, Zagreb, 2013, pb, ISBN 978-953-7964-00-9, 206 pagesConsumer Culture and Consumerism is a collection of works...
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Economics Rules: Why Economics Works, When It Fails, and How to Tell the Difference
Review of Dani Rodrik, Economics Rules: Why Economics Works, When It Fails, and How to Tell the Difference, Oxford University Press, 2015, hb, ISBN 978-0-19-873689-9, xi+253 pagesAt the beginning of every course of economics, students are taught that...
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Advanced Introduction to Post Keynesian Economics
Review of J. E. King, Advanced Introduction to Post Keynesian Economics, Cheltenham (UK), Edward Elgar Publishing, 2015, pb, ISBN 978-1-78254-843-0, x + 139 pagesPost Keynesian Economics (PKE) belongs to a 'dissident school' in economics, and this visiting...
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Vol. 9, No. 1, Autumn

The Case for Increasing Returns I: 'The Hicksian Getaway' and 'The Hirshleifer Rescue'
(ProQuest: ... denotes formulae omitted.)IntroductionEvery organization - be it business, or social or ecological organization - has its formative moments, when patterns are set in place on which all its subsequent structures are built Academic disciplines...
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Economics in Times of Crisis. in Search of a New Paradigm in Economic Sciences
IntroductionIt would be difficult to deny that in recent economic history the last economic crisis is one of the most significant episodes. It made a profound impact on economic life and challenged economists and economic advisers. Taking that into consideration,...
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The Welfare Costs of Rent-Seeking: A Methodologically Individualist and Subjectivist Revision
IntroductionGordon TuUock is famous for Ms pioneering the concept of rente seeking (TuUock 1967) even though the term itseU is owed to Krueger (1974). TuUock's simple claim was this: previous economic analysis of monopoUes had argued that the aUocational...
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Economics of Paternalism: The Hidden Costs of Self-Commanding Strategies
IntroductionThe issue of paternalism has become popular amongst social thinkers over the last decade, and more specifically amongst economists. The success of Sunstein and Thaler s "Nudge* theory is certainly the hest illustration of this revival. Nudge...
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A Criterion for Realism, with an Application to Behavioral Economic Models
IntroductionThe debate around realism 111 in economic modeling is perhaps the hottest topic in economic methodology (Lehtinen 2002, p.l). One of the latest expressions of this discussion comes from the field of cognitive approaches to economics. Many...
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Review of the Anthropocene and the Global Environmental Crisis: Rethinking Modernity in a New Epoch
Review of The Anthropocene and the Global Environmental Crisis: Rethinking modernity in a new epoch, edited by Clive Hamilton, Christophe Bomieuil and Francois Gemenne, Bontledge, London, 2015, pbk, ISBN 978-1-138-821124-8, pp. 187+xiThis hook comes...
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Vol. 8, No. 2, Spring

Editorial
Dear Readers,With this issue the Journal of Philosophical Economicsis undergoing certain positive changes. In the first place, the Journal will now be jointly published in association with an emerging International University 'DIU Libertas' (Croatia)....
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Work, Recognition and Subjectivization: Some Remarks about the Modernity of Kojève's Interpretation of Hegel
Introduction: The philosophical anthropology of Hegel at the heart of the modern experience of workIn his inaugural class at the Collège de France, and in the midst of a period in social science clearly dominated by the structuralist paradigm, Michel...
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'Ups' and 'Downs' in Metaphor Use: The Case of Increase / Decrease Metaphors in Spanish Economic Discourse
IntroductionPerhaps the most frequent news reports on nowadays business issues refer to the growth or fall of economic indicators such as inflation, prices, sales, share values, etc. On the other hand, academic research writings, central bank reports...
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Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown
Review of Philip Mirowski, Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown, New York, Verso, 1st edition, 2013, ISBN: 978-1-781-68079-7, 384 pagesPhilip Mirowski's work is an important contribution to the post-2008...
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History of Islamic Economic Thought: Contributions of Muslim Scholars to Economic Thought and Analysis
Review of Abdul Azim Islahi, History of Islamic Economic Thought: Contributions of Muslim Scholars to Economic Thought and Analysis, Edward Elgar, Cheltenham (UK), hb, 2014, ISBN 9781784711375, viii+125 pagesThe publisher, in association with the Islamic...
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A Brief History of International Trade Thought: From Pre-Doctrinal Contributions to the 21st Century Heterodox International Economics
IntroductionFor centuries, international trade in goods and services, and the development of the international division of labor have constituted a focus point of study for economists and philosophers alike. Research in this field usually revolves around...
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A Review of the Granger-Causality Fallacy
(ProQuest: ... denotes formulae omitted.)IntroductionThe aim of this paper is to prove the illegitimacy of usual interpretations of Granger-causality test results.What exactly is Granger-causality? The simplest definition was provided by the author (Granger,...
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Collective Beliefs and Horizontal Interactions between Groups: The Case of Political Parties
Introduction: Extension of folk psychology and of the realm of social interactionThe problem of collective belief is the object of some philosophical studies. They examine the possibility of attributing doxastic states to groups and the sense in which...
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Expiration of Private Property Rights: A Note
IntroductionIn this essay we will assume, [1] arguendo if need be, that private property rights properly come into existence based on homesteading (Bylund 2012; Hoppe 1993, 2011; Kinsella 2003, 2006; Locke 1948; Rothbard 1973; Rozeff 2005). We also accept...
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Vol. 8, No. 1, Autumn

Creating a Learning Society: A New Approach to Growth, Development and Social Progress
Review of Joseph E. Stiglitz and Bruce C. Greenwald, Creating a Learning Society: A New Approach to Growth, Development and Social Progress , New York, Columbia University Press, 2014, hb, 34.95$, 680 pp., ISBN 978-0-231-15214-3An issue that has imposed...
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Freedom, Responsibility and Economics of the Person
Review of Jérôme Ballet, Damien Bazin, Jean-Luc Dubois, and François-Régis Mahieu, Freedom, Responsibility and Economics of the Person, London, Routledge, ebk, 2014, 174 pp., ISBN 978-0-203-79633-7Part of Routledge's Frontiers of Political Economy collection,...
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Social Mechanisms and Social Causation
"The history of an idea from thought to action is (...) clearly more than one step" (Elkins 1976, p. 172)IntroductionRecent discussions of causation in the social world have concentrated on the notion of mechanisms. The notion of a 'social mechanism'...
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A Comment on Scarcity
IntroductionThe application of economics to more and more fields has superseded the traditional definition of economics. As Colander says, Tf the study of 'the allocation of scarce resources among alternative ends' ever was the defining nature of what...
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Modeling Exogenous Moral Norms
(ProQuest: ... denotes formulae omitted.)IntroductionMotivationWhat started in the latter half of the 19th century as a model of consumer choice has expanded to a model for explaining a broad range of human conduct and behavior. While the influence of...
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Shifting Economics: Fundamental Questions and Amartya K. Sen's Pragmatic Humanism
Introduction, motivation and purposeAmartya Kumar Sen (AK Sen or Sen) is a semi-transformative thinker who encourages the excessively narrow, technical, reductionist, and parochial discipline of economics, to inculcate new habits of mind that take human...
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Commentary on Secrets of Economics Editors: An Unintended Ethnography of Economics
Ail unintended ethnographyThere is a discipline in social sciences that claims to search and find the optimal solutions whenever there are scarce resources to fight over. [1] That discipline is economics and its claim for this capacity merged at some...
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Vol. 7, No. 2, Spring

Unusual Humean Issues in Materialistic Political Economy
Introduction [1]The present paper deals with questions concerning the use of materialism in understanding, and intervening upon, capitalism in the spirit of Marx's Thesis XI on Feuerbach (Marx 1985, p.123). In particular, the dynamic use of the categories...
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Growth Theory after Keynes, Part II: 75 Years of Obstruction by the Mainstream Economics Culture
IntroductionIn our essay published in the previous issue of this journal, we described how the growth model developed by Harrod (1939) and Domar (1946) was quickly rejected by mainstream economists for its alleged inconsistencies, only to have these...
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Behavioural Controversy concerning Homo Economicus: A Humean Perspective
IntroductionBehavioural economics (BE), the most recent sub-discipline, has emerged over the past half century or soas a sort of protest against some decision-making characteristics of Homo Economicus(HE) (Anger & Loewenstein 2012; Altman 2006)....
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Dividing a Cake (or) Distributional Values in the Measurement of Economic Inequality: An Expository Note
(ProQuest: ... denotes formulae omitted.)IntroductionThis expository piece is an elementary tract on the notions of 'relative', 'absolute' and 'intermediate' measures of inequality; on the role-often hidden-played by values in the distributional judgments...
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Higher Education and Sustainable Development: A Model for Curriculum Renewal
Review of Cheryle Desha and Karlso 'Charlie' Hargroves, Higher Education and Sustainable Development: A model for curriculum renewal , London: Routledge, 2014, 268 pp., hb, $180.00, 9781844078592, pb, $49.95, ISBN 9781844078608In 1992, almost 1600 of...
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Making Money: The Philosophy of Crisis Capitalism
Review of Ole Bjerg, Making Money: The Philosophy of Crisis Capitalism, London: Verso, 2014, 256 pp., pb, £19.99, ISBN 9781781682654The recent financial crisis has re-kindled the debate on money and finance. The spectacular success of books like Debt:...
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The Body Economic: Why Austerity Kills
Review of David Stuckler and Sanjay Basu, The Body Economic: Why Austerity Kills, New York, Basic Books, 2013, hb, 240 pp., $26.99, ISBN 9780465063987Unchecked outbreaks of Malaria and West Nile Virus. A rise in HIV infections caused by increasing heroin...
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Vol. 7, No. 1, Autumn

Fairness through Regulation? Reflections on a Cosmopolitan Approach to Global Finance
Abstract: In the aftermath of the last financial crisis a strong message prevails that 'something' has to be changed in the manner global finance is governed. What exactly this 'something' entails and what could constitute the 'common ground' of anticipated...
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Growth Theory after Keynes, Part I: The Unfortunate Suppression of the Harrod-Domar Model
Abstract: After Harrod and Domar independently developed a dynamic Keynesian circular flow model to illustrate the instability of a growing economy, mainstream economists quickly reduced their model to a supply side-only growth model, which they subsequently...
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On the Problem of Scale: Spinozistic Sovereignty as the Logical Foundation of Constitutional Economics
A b str ac t: This paper argues that sovereignty, as envisaged by Spinoza, is the logical foundation of constitutional economics. Constitutional constructs such as sovereignty weave an evolutionary dialectic between different organizational scales (the...
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Research Note on an Experimental Approach to the Intrinsic Motivations of Corruption
A b str ac t: Even though most of the causes of corruption are easily identifiable at the macro level, there is considerable disagreement when it comes to the intrinsic motivations leading people to engage in this activity. The present paper tries to...
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Austerity. the History of a Dangerous Idea
Review of Mark Blyth, Austerity. The History of a Dangerous Idea, New York: Oxford University Press, 2013, 304 pp., hb, $16.95, ISBN 9780199828302Austerity has stormed back into fashion after the most dramatic financial meltdown in our recent history....
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Review of Resilient Liberalism in Europe's Political Economy
Review of Resilient Liberalism in Europe's Political Economy, edited by Vivien A. Schmidt and Mark Thatcher, New York, Cambridge University Press, 2013, 469 pp., $32.99, ISBN 9781107613973When the financial crisis hit the United States in September 2008,...
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Review of the Elgar Companion to Recent Economic Methodology
Review of The Elgar Companion to Recent Economic Methodology, edited by John B. Davis and D. Wade Hands, Cheltenham, UK; Northampton, MA, USA, Edward Elgar, 2011, hb, 542 pp., ISBN 9781848447547In its rather short history, the economic methodology has...
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The Ethics of New Development Economics: Is the Experimental Approach to Development Economics Morally Wrong?
Abstract: The 2000s have witnessed the arrival and growing popularity of randomized controlled experiments (RCTs) in Development Economics. Whilst this new way of conducting research on development has unfolded important insights, the ethical challenge...
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Vol. 6, No. 2, Spring

The 'Desire for Money:' Aristotelian Blind Spot in the Field of Economics? A French Heterodox Point of View
Abstract: If the field of economics has today become the archetype for determinism in the social sciences, it comes at the price of a form of objectivity founded on the complex process of the reduction and naturalization of a certain type of social relation,...
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Subjective Preferences and Alternative Costs
Abstract: The present paper is an exploration of the economics of subjectivism and opportunity or alternative costs. Most contemporary economists pay lip service to these concepts, but when push comes to shove, all too often they jettison them. We shall...
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Money and Value: A Synthesis of the State Theory of Money and Original Institutional Economics
Abstract: The paper proposes a synthesis of original institutional economics and in particular of the work of John R. Commons with the state theory of money, constructing a theoretical framework for the analysis of economic value in relation to money....
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The Missing Link: From Kautilya's the Arthashastra to Modern Economics
Abstract: The aim of this paper is twofold: first, to provide evidence supporting the thesis that Kautilya was the first political economist; second, to verify that a systematic study of political economy has begun long before the ideas and works of...
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The Economic Consequences of Homo Economicus: Neoclassical Economic Theory and the Fallacy of Market Optimality
Abstract: This essay presents a critique of the standard ascension from the rational agent to the optimal market in economic theory. Critiques of homo economicusare found unsatisfactory on grounds that its employment allows for the prediction of essential...
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The Social Sciences and Democracy
Review of The social sciences and Democracy, edited by Jeroen Van Bouwel, london, Palgrave macmillan, 2009, 268 pp. £58 hb, isBn 9780230224391This book is bringing an interesting and valuable contribution to the literature on how democratic are the social...
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A Short History of Ethics and Economics: The Greeks
review of James e. alvey, a short history of ethics and economics: The Greeks, cheltenham (uK), edward elgar Publishing, 2011, x+184 pp, hb, isBn 9781847202017in this book, James e. alvey, senior lecturer at massey university, new Zealand, analyzes the...
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Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India
review of Pranab Bardhan, awakening Giants, feet of clay: assessing the economic rise of china and india, Princeton, nJ, Princeton university Press, 2010, 172pp, hb, isBn 9780691129945it is not difficult to grasp the reasoning behind Pranab Bardhan's...
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Vol. 6, No. 1, Autumn

The Moral Rhetoric of Political Economy: Justice and Modern Economic Thought
Review of Paul Turpin, The Moral Rhetoric of Political Economy: Justice and Modern Economic Thought, Routledge, London & New York, 2011, pp. 163Sergiu BãlanIn his 2011 book, Paul Turpin, Assistant Professor of Communication at the University of the...
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Competitive Markets, Collective Action, and the Big Box Retailer Problem
Abstract: I use a stylized scenario-the Big Box Retailer Problem-to demonstrate that the presence of behavioural interdependence in economic markets may result in deficient outcomes that are both stable and supported by ongoing participant behaviour....
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Observing Productivity: What It Might Mean to Be Productive When Viewed through the Lens of Complexity Theory
Abstract: The paper tries to explore options and preconditions for a theoretically thoroughly grounded conception of productivity that is able to account for its observer-dependency and thereby meets the needs of a dynamic and highly differentiated modern...
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A Theory of Planning Horizons (2): The Foundation for an Ethical Economics
Abstract: The concept of planning horizons serves as a measure of many unsettled aspects of economic analysis. First and foremost, the notion is ordinal: we speak of 'horizon effects' as directional shifts in planning horizons without tallying 'wits'...
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Deep History: A Rejoinder
Deep History: a rejoinderWhile I ordinarily would not seek to comment on a review article, I find that Altug Yalcintas' essay on my book, Deep History (JPE, V:1, 2011, 168-182) so thoroughly distorts and conceals the actual contents of the book that...
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Government versus Markets - the Changing Economic Role of the State
Review of Vito Tanzi, Government versus Markets - The Changing Economic Role of the State, New York, Cambridge University Press, 2011, 376pp, Hardback, ISBN 978-1-107-09653-0In Government versus Markets, Vito Tanzi, economist and former director of department...
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The Hegelian Dialectics of Global Imbalances
Abstract: Traditional narratives of external imbalances have focused on the analysis of national accounts, trade flows, and financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent,...
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Between a Rock and a Hard Place: Second Thoughts on Laibman's Deep History and the Theory of Punctuated Equilibrium with Regard to Intellectual Evolution
Abstract: In this article I reconsider Laibman's Deep History (2007) in the light of Niles Eldredge and Stephan Jay Gould's theory of punctuated equilibrium. I argue that the theory of punctuated equilibrium explains (1) why conceptions of inevitability...
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Vol. 5, No. 2, Spring

A Theory of Planning Horizons (1): Market Design in a Post-Neoclassical World
Abstract: The neoclassical case supporting competitive frames and market solutions has failed to promote stable world-wide economic development. Other approaches in economics incorporate social culture, increasing returns, market power, ecological limits...
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The Economist as Shaman: Revisioning Our Role for a Sustainable, Provisioning Economy
Abstract: In view of the problems heterodox economists have faced in predicting, explaining and finding solutions to the financial and ecological crises facing humanity, the paper takes a wide-angle view of the question of what the role of an economist...
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Behavioural Procedural Models - a Multipurpose Mechanistic Account
Abstract: In this paper we outline an epistemological defence of what we call Behavioural Procedural Models (BPMs), which represent the processes of individual decisions that lead to relevant economic patterns as psychologically (rather than rationally)...
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The Evolution of Merchant Moral Thought in Tokugawa Japan
Abstract: The Tokugawa Era of Japan is known for its domination by the shogunate, or warrior bureaucracy. While samurai capture the popular imagination, the merchant class of this era was changing their cultural narrative as well. The regime, officially...
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Happiness, Economics and Politics. towards a Multi-Disciplinary Approach
Review of Amitava Krishna Dutt and Benjamin Radcliff(eds.), Happiness, Economics and Politics. Towards a Multi-Disciplinary Approach, Edward Elgar Publishing, 2009, 362 pp.This volume presents a unique and interesting study of happiness from both economic...
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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Review of Abhijit Banerjee and Esther Duflo, Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, Public Affairs, 2012, 303 pp.The World Absenteeism Survey, funded by the World Bank, concluded that in 2002 and 2003 teachers in Bangladesh,...
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Freefall: America, Free Markets, and the Sinking of the World Economy
Review of Joseph Stiglitz, Freefall: America, Free Markets, and the Sinking of the World Economy, W. W. Norton & Company, 2010, 361 pp.How does the world move forward after the economic shock of 2008? Are Obama's "new" policies working? What do they...
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Global Finance in Crisis: The Politics of International Regulatory Change
Review of Eric Helleiner, Stefano Pagliari and Hubert Zimmerman (editors), Global Finance in Crisis: The Politics of International Regulatory Change, Routledge, 2010, pp. 216How have the global financial architects responded to the 2008 crisis, the worst...
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Civilization: The West and the Rest
Review of Niall Ferguson, Civilization: The West and the Rest, Allen Lane, Penguin Books, London, 2011, pp. 385.In his 2003 book, Empire: The Rise and Demise of the British World Order and the Lessons for the Global Power [1], the British historian Niall...
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The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality
Review of Branko Milanovic, The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality, Basic Books, 2011, 258 pp.Elizabeth Bennet and Anna Karenina - the original gold-diggers? Were these two famous female protagonists simply...
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Due Diligence: An Impertinent Inquiry into Microfinance
Review of David Roodman, Due Diligence: An Impertinent Inquiry into Microfinance, Center for Global Development, 2012, 365 pp.David Roodman, in his role as a research fellow at the Center for Global Development, noticed that large microfinance institutions...
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The Austrian School. Market Order and Entrepreneurial Creativity
Review of Jose Huerta de Soto, The Austrian School. Market Order and Entrepreneurial Creativity, Edward Elgar Publishing, 2011, 129 pp.Heterodox economics has undoubtedly enriched the neoclassical paradigm of economics, as a quasi-natural step in the...
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