Studies in economic reform and social justice : social costs of markets and economic theory

Bibliographic Information

Studies in economic reform and social justice : social costs of markets and economic theory

edited by Frederic S. Lee

Wiley, 2013

  • : hardcover

Other Title

Social costs of markets and economic theory

Available at  / 3 libraries

Search this Book/Journal

Note

Includes bibliographical references and index

ISBN on t.p. verso (CIP data): 9781118869406 (hardcover), 9781118869383 (pbk.)

Description and Table of Contents

Description

This book deals with the social costs of markets from a heterodox perspective. It deals with the degrading of work, decline of community, and rising income inequality in the United States as markets and especially financial markets come to dominate society. Of course, if there is an attempt to point out the social costs of markets, the response of mainstream economists is to silence the critics or even in Orwellian fashion redefine their critiques so as to eliminate any negative comments about markets. While critique is necessary, there also needs to be a constructive agenda, that is, the developing of an alternative, heterodox economic theory. So overall the book presents a critique of the social costs markets and the beginning of a heterodox economic theory of how the capitalist market system actually works.

Table of Contents

Editor's Introduction 1 An Essay on Distributive Justice and the Equal Ownership of Natural Resources John Pullen 6 Degraded Work, Declining Community, Rising Inequality, and the Transformation of the Protestant Ethic in America: 1870-1930 Jon D. Wisman Matthew E. Davis 37 The Making of the Institutional Theory of Social Costs: Discovering the K. W. Kapp and J. M. Clark Correspondence Sebastian Berger 68 The Problem of Epistemic Cost: Why Do Economists Not Change Their Minds (About the "Coase Theorem")? Altug Yalcintas 93 Financialization and Income Inequality in the United States, 1967-2010 Bradford M. Van Arnum Michele I. Naples 120 Conspicuous Consumption as Routine Expenditure and its Place in the Social Provisioning Process Zdravka Todorova 145 Classical Surplus Theory and Heterodox Economics Nuno Ornelas Martins 167 Schumpeter, Commons, and Veblen on Institutions Theofanis Papageorgiou Ioannis Katselidis Panayotis G. Michaelides 194 Lost in Translation: Why Generalized Darwinism is a Misleading Strategy for Studying Socioeconomic Evolution George Liagouras 217 When Heterodoxy Becomes Orthodoxy: Ecological Economics in The New Palgrave Dictionary of Economics Oscar Carpintero 249 Are Mainstream and Heterodox Economists Different? An Empirical Analysis Michele Di Maio 277 Index 311

by "Nielsen BookData"

Details

Page Top