The Morality of Radical Economics

Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics

Business & Finance, Economics, Theory of Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Morality of Radical Economics by Ron P. Baiman, Palgrave Macmillan US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ron P. Baiman ISBN: 9781137455598
Publisher: Palgrave Macmillan US Publication: August 31, 2016
Imprint: Palgrave Macmillan Language: English
Author: Ron P. Baiman
ISBN: 9781137455598
Publisher: Palgrave Macmillan US
Publication: August 31, 2016
Imprint: Palgrave Macmillan
Language: English

This book is in equal parts a treatise on morality and economics, a critique of neoclassical orthodoxy, a brief for replacing mainstream economics with a radical political economics, and an argument for the abandonment of neoliberal capitalism in favor of democratic socialism. It includes a detailed proposal for a "demand and cost" alternative to "supply and demand" analysis and an in-depth technical critique of both neoclassical "high theory" and "applied microeconomic analysis" demonstrating that these are not only infeasible or immoral, but have directly contributed to public policy disasters. Further, the book suggests that only a moral economics in the form of radical political economy can address the looming economic and environmental crises of today’s world.

Baiman begins with an introduction to morality and ethics in both general sciences and in economics in particular. He then guides readers through evidence of how neoclassical economics has not only failed to remain objective and value-free, but has become an ideology of apologetics protecting an immoral system. In addition to breaking down real-world examples to demonstrate his assertions, Baiman analyzes a theoretical Utopia design exercise. He concludes by arguing that the only form of economics that supports widely shared human values—such as social equity, democracy, and solidarity—is so-called "radical economics", and that all true economics science should be directed toward achieving more socially productive economic activity. An invaluable guide to morality and economics, this book will appeal to researchers and teachers looking to change the way we think about economics, policy, and society.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is in equal parts a treatise on morality and economics, a critique of neoclassical orthodoxy, a brief for replacing mainstream economics with a radical political economics, and an argument for the abandonment of neoliberal capitalism in favor of democratic socialism. It includes a detailed proposal for a "demand and cost" alternative to "supply and demand" analysis and an in-depth technical critique of both neoclassical "high theory" and "applied microeconomic analysis" demonstrating that these are not only infeasible or immoral, but have directly contributed to public policy disasters. Further, the book suggests that only a moral economics in the form of radical political economy can address the looming economic and environmental crises of today’s world.

Baiman begins with an introduction to morality and ethics in both general sciences and in economics in particular. He then guides readers through evidence of how neoclassical economics has not only failed to remain objective and value-free, but has become an ideology of apologetics protecting an immoral system. In addition to breaking down real-world examples to demonstrate his assertions, Baiman analyzes a theoretical Utopia design exercise. He concludes by arguing that the only form of economics that supports widely shared human values—such as social equity, democracy, and solidarity—is so-called "radical economics", and that all true economics science should be directed toward achieving more socially productive economic activity. An invaluable guide to morality and economics, this book will appeal to researchers and teachers looking to change the way we think about economics, policy, and society.

More books from Palgrave Macmillan US

Cover of the book Martin Luther King Jr., Homosexuality, and the Early Gay Rights Movement by Ron P. Baiman
Cover of the book Teaching Harry Potter by Ron P. Baiman
Cover of the book Master Narratives of Islamist Extremism by Ron P. Baiman
Cover of the book Reading the Animal in the Literature of the British Raj by Ron P. Baiman
Cover of the book Business Essentials for Strategic Communicators by Ron P. Baiman
Cover of the book Women and Legislative Representation by Ron P. Baiman
Cover of the book Dialectical Democracy through Christian Thought by Ron P. Baiman
Cover of the book Surviving Forced Disappearance in Argentina and Uruguay by Ron P. Baiman
Cover of the book Helping Young Refugees and Immigrants Succeed by Ron P. Baiman
Cover of the book Ottomans and Armenians by Ron P. Baiman
Cover of the book Reading Vietnam Amid the War on Terror by Ron P. Baiman
Cover of the book Beyond Slavery by Ron P. Baiman
Cover of the book The Afro-Modernist Epic and Literary History by Ron P. Baiman
Cover of the book Emergent Learning for Wisdom by Ron P. Baiman
Cover of the book Preservice Teachers, Social Class, and Race in Urban Schools by Ron P. Baiman
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy