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The Secularization of Political Economy

James Halteman and Edd Noell

in Reckoning with Markets: The Role of Moral Reflection in Economics

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199763702
eISBN:
9780199932252
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199763702.003.0005
Subject:
Economics and Finance, Financial Economics

Following Adam Smith’s vision of a self-regulating moral economy the focus turned toward these self-regulating features and away from moral concerns. The chapter traces the development of the ... More


A Critique of Neoclassical Economics as a Regime of ‘Truth’: Empire and Emperors with No Clothes

John Barry

in The Politics of Actually Existing Unsustainability: Human Flourishing in a Climate-Changed, Carbon Constrained World

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199695393
eISBN:
9780191738982
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199695393.003.0004
Subject:
Political Science, Environmental Politics

Offers a critical analysis of the dominant conception of political economy which underpins the unsustainability of modern societies—namely neoclassical economics. This chapter seeks to explore and ... More


Neoclassical Economics and Socialism: From the Beginnings to 1953

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0002
Subject:
Economics and Finance, Economic History

Neoclassical economics seems to extol the virtues of capitalism while condemning socialism, but is in fact underpinned by both. This chapter examines the emergence of neoclassical economics from its ... More


Goulash Communism and Neoclassical Economics in Hungary

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0005
Subject:
Economics and Finance, Economic History

After World War II, the Hungarian Communist Party took control of the country's political life and immediately launched a socialist experiment based on the Soviet model with its characteristic ... More


Market Socialism or Capitalism?: The Transnational Critique of Neoclassical Economics and the Transitions of 1989

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0007
Subject:
Economics and Finance, Economic History

This chapter focuses on the period from the 1970s to 1989, a time when neoclassical economists around the world felt that something was wrong with their field and began to criticize themselves ... More


Neoclassical Economics and Yugoslav Socialism

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0004
Subject:
Economics and Finance, Economic History

After World War II, Marshall Josip Broz Tito and his Communist Party took control of the Yugoslav state and embarked on the creation of a socialist system based on the Soviet model by nationalizing ... More


Organizational versus Market Knowledge: From Concrete Embodiment to Abstract Representation

Max H. Boisot, Ian C. MacMillan, and Kyeong Seok Han

in Explorations in Information Space: Knowledge, Actors, and Firms

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199250875
eISBN:
9780191719509
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250875.003.0005
Subject:
Business and Management, Knowledge Management

In contrast to the neoclassical economic presumption in favour of markets, this chapter argues that organizations, not markets, should be taken as our default assumption. This argument is based on ... More


Theory of Economic Growth

Michio Morishima

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Discusses economic growth within the framework of the theory of equilibrium. Attempts on the one hand to resolve much of the controversy on growth that results from differences in assumptions made by ... More


Economics With a Human Face?

Francesco Boldizzoni

in The Poverty of Clio: Resurrecting Economic History

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691144009
eISBN:
9781400838851
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691144009.003.0002
Subject:
Economics and Finance, Economic History

The major misunderstanding about cliometrics comes from the subsequent spread of Douglass North's new institutional approach. North claims to have challenged traditional economic theory, which he ... More


Post-1989 How Transnational Socialism Became Neoliberalism without Ceasing to Exist

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0008
Subject:
Economics and Finance, Economic History

After 1989, the political terrain and political options worldwide for turning democratic, decentralized socialism into reality changed dramatically. Elites began to view socialism as non-viable, with ... More


Introduction

Donald W. Katzner

in At the Edge of Camelot: Debating Economics in Turbulent Times

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199765355
eISBN:
9780199896806
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199765355.003.0001
Subject:
Economics and Finance, Economic History

One of the most important and exciting aspects of university life is the lively interchange of ideas. This took place in the Amherst Economics Department of the University of Massachusetts as ... More


Economics as indoctrination

Joe Earle, Cahal Moran, and Zach Ward-Perkins

in The Econocracy: The Perils of Leaving Economics to the Experts

Published in print:
2016
Published Online:
May 2017
ISBN:
9781526110121
eISBN:
9781526120748
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781526110121.003.0003
Subject:
Economics and Finance, History of Economic Thought

This chapter uses evidence from a curriculum review of seven universities across the UK to show how the philosophy which underpins econocracy is being passed down to the next generation of economic ... More


VALUE IN NEOCLASSICAL ECONOMICS

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0008
Subject:
Economics and Finance, Financial Economics

The neoclassical model is familiar to generations of college students. This chapter reviews the emergence of the neoclassical or “marginalist” school of economics in the late 19th century, and its ... More


Pasts and Futures of Economic Sociology

Viviana A. Zelizer

in Economic Lives: How Culture Shapes the Economy

Published in print:
2010
Published Online:
October 2017
ISBN:
9780691139364
eISBN:
9781400836253
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691139364.003.0019
Subject:
Sociology, Economic Sociology

Economic sociology has gone through astonishing changes in the past twenty-five years. From a simultaneous critique of, and complement to, neoclassical economics, it has become a rich, ... More


A New Transnational Discussion among Economists in the 1950s

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0003
Subject:
Economics and Finance, Economic History

Economists in the socialist East developed mathematical neoclassical economics that was distinct from that developed by their counterparts in the capitalist West. However, the death of Joseph Stalin ... More


Economic, Psychological, and Social Explanations of Market Behaviour

Mark Fenton-O'Creevy, Nigel Nicholson, Emma Soane, and Paul Willman

in Traders: Risks, Decisions, and Management in Financial Markets

Published in print:
2004
Published Online:
October 2011
ISBN:
9780199269488
eISBN:
9780191699405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199269488.003.0003
Subject:
Business and Management, Finance, Accounting, and Banking, Organization Studies

Although the efficient markets paradigm of neoclassical economics can explain most of the actions and behaviour occurring in the aggregate market, this has shown two major weaknesses, since there are ... More


The Rule of Law: Theoretical Principles

RUMU SARKAR

in International Development Law: Rule of Law, Human Rights, and Global Finance

Published in print:
2009
Published Online:
February 2010
ISBN:
9780195398281
eISBN:
9780199866366
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195398281.003.001
Subject:
Law, Human Rights and Immigration, Public International Law

This chapter provides a brief overview of the philosophical background and history of development strategies and approaches, including a discussion of Max Weber's sociological theories and how they ... More


Conclusions

in Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism

Published in print:
2011
Published Online:
June 2013
ISBN:
9780804775663
eISBN:
9780804778961
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804775663.003.0009
Subject:
Economics and Finance, Economic History

Neoliberalism is an ideology that seeks to expand the reach of markets and promotes capitalism, strong states, and enterprise owners and managers. However, it has not gained the support of the ... More


Modern Value Quandaries

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0001
Subject:
Economics and Finance, Financial Economics

The author traces the importance of the business, company, or firm in Economics, society, and world history over two millennia. The author notes that, given its importance and centrality in modern ... More


The Problem with Forecasting in Economic Theory

Stefan Leins

in Stories of Capitalism: Inside the Role of Financial Analysts

Published in print:
2018
Published Online:
September 2018
ISBN:
9780226523392
eISBN:
9780226523569
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226523569.003.0002
Subject:
Anthropology, Social and Cultural Anthropology

This chapter elaborates on the relationship between economic theory and forecasting as a market practice. By going back to early 20th-century empirical studies and reflecting on the emergence of ... More


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