Download or read book A Genealogy of Self Interest in Economics written by Susumu Egashira and published by Springer Nature. This book was released on 2021-01-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Download or read book A Genealogy of Self Interest in Economics written by Susumu Egashira and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of "self-interest" is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this "self-interested" explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist's positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today's capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Download or read book Self interest Before Adam Smith written by Pierre Force and published by . This book was released on 2003 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of the history of the concept of self-interest before Adam Smith, in order to understand what it meant when Adam Smith used it as an axiom in The Wealth of Nations. The author shows that Smith's theory refutes the 'selfish hypothesis' yet integrates it at the same time.
Download or read book Self Interest before Adam Smith written by Pierre Force and published by Cambridge University Press. This book was released on 2007-04-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pierre Force studies the history of the concept of self-interest to understand its meaning by the time that Adam Smith used it as an axiom in The Wealth of Nations. He demonstrates that Smith, unlike many of his predecessors and contemporaries, never endorsed the idea that self-interest is the motivation behind all human action, although the "selfish hypothesis" did have a place in his doctrine. This book provides insight on classic puzzles of economic theory and is a major work from an outstanding scholar.
Download or read book The Hesitant Hand written by Steven G. Medema and published by Princeton University Press. This book was released on 2011-03-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author explores what has been perhaps the central controversy in modern economics from Adam Smith to today. He traces the theory of market failure from the 1840s through the 1950s and subsequent attacks on this view by the Chicago and Virginia schools.
Download or read book Historicizing Self Interest in the Modern Atlantic World written by Christine Zabel and published by Routledge. This book was released on 2021-03-15 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume historicizes the use of the notion of self-interest that at least since Bernard de Mandeville and Adam Smith’s theories is considered a central component of economic theory. Having in the twentieth century become one of the key-features of rational choice models, and thus is seen as an idealized trait of human behavior, self-interest has, despite Albert O. Hirschman’s pivotal analysis of self-interest, only marginally been historicized. A historicization(s) of self-interest, however, offers new insights into the concept by asking why, when, for what reason and in which contexts the notion was discussed or referred to, how it was employed by contemporaries, and how the different usages developed and changed over time. This helps us to appreciate the various transformations in the perception of the notion, and also to explore how and in what ways different people at different times and in different regions reflected on or realized the act of considering what was in their best interest. The volume focuses on those different usages, knowledges, and practices concerned with self-interest in the modern Atlantic World from the seventeenth to twentieth centuries, by using different approaches, including political and economic theory, actuarial science, anthropology, or the history of emotions. Offering a new perspective on a key component of Western capitalism, this is the ideal resource for researches and scholars of intellectual, political and economic history in the modern Atlantic World.
Download or read book Greed Self Interest and the Shaping of Economics written by Rudi Verburg and published by Routledge. This book was released on 2018-03-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the past of economics can contribute to today’s debates. The book considers how economics took shape as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explains how dreams of affluence, morality and happiness were built upon human greed and vanity. It covers the bumpy road of the construction and reconstruction of this dream, exploring the debate on the foundations, conditions and limitations of the idea of the social utility of greed and vanity. Revisiting this debate provides a rich source of ideas in rethinking economics and the basic beliefs concerning our economic system today.
Download or read book A Tale of Two Capitalisms written by Supritha Rajan and published by University of Michigan Press. This book was released on 2023-11-29 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: No questions are more pressing today than the ethical dimensions of global capitalism in relation to an unevenly secularized modernity. A Tale of Two Capitalisms offers a timely response to these questions by reexamining the intellectual history of capitalist economics during the nineteenth century. Rajan’s ambitious book traces the neglected relationships between nineteenth-century political economy, anthropology, and literature in order to demonstrate how these discourses buttress a dominant narrative of self-interested capitalism that obscures a submerged narrative within political economy. This submerged narrative discloses political economy’s role in burgeoning theories of religion, as well as its underlying ethos of reciprocity, communality, and just distribution. Drawing on an impressive range of literary, anthropological, and economic writings from the eighteenth through the twenty-first century, Rajan offers an inventive, interdisciplinary account of why this second narrative of capitalism has so long escaped our notice. The book presents an unprecedented genealogy of key anthropological and economic concepts, demonstrating how notions of sacrifice, the sacred, ritual, totemism, and magic remained conceptually intertwined with capitalist theories of value and exchange in both sociological and literary discourses. Rajan supplies an original framework for discussing the ethical ideals that continue to inform contemporary global capitalism and its fraught relationship to the secular. Its revisionary argument brings new insight into the history of capitalist thought and modernity that will engage scholars across a variety of disciplines.
Download or read book The Nobel Factor written by Avner Offer and published by Princeton University Press. This book was released on 2019-11-19 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the prize and the rise of free-market liberalism began at the same time? The Nobel Factor is the first book to describe the origins and power of the most important prize in economics. It tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and Sweden's social democracy. The aim was to use the halo of the Nobel brand to influence the future of Sweden and the rest of the developed world by enhancing the bank's authority and the prestige of market-friendly economics. And the strategy has worked spectacularly—with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets. Drawing on previously untapped archives and providing a unique analysis of the sway of prizewinners, The Nobel Factor offers an unprecedented account of the real-world consequences of economics and its greatest prize.
Download or read book Research in the History of Economic Thought and Methodology Part A B C written by Warren J. Samuels and published by Emerald Group Publishing. This book was released on 2008-06-16 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell.
Download or read book Capitalism and Desire written by Todd McGowan and published by Columbia University Press. This book was released on 2016-09-20 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.
Download or read book The Principles of Economics with Applications to Practical Problems written by Frank Albert Fetter and published by . This book was released on 1904 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Greed in the History of Political Economy written by Rudi Verburg and published by . This book was released on 2018 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the economics of the past can contribute to todays debates.The book considers how political economy developed, as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explores how dreams of affluence, morality and happiness were built upon human greed and vanity. It presents a framework within which to contextualise present-day concerns about limits to growth, and through which we can rethink the basis of our economic system."--Provided by publisher.
Download or read book Virtue Fortune And Faith written by Marieke De Goede and published by U of Minnesota Press. This book was released on 2001 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revealing examination of the often misunderstood history of contemporary financial markets.
Download or read book Late Neoclassical Economics written by Yahya M. Madra and published by Routledge. This book was released on 2016-06-10 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. ‘Late neoclassical economics’ is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.
Download or read book Austrian Economics in America written by Karen I. Vaughn and published by Cambridge University Press. This book was released on 1998-01-28 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.
Download or read book Machine Dreams written by Philip Mirowski and published by Cambridge University Press. This book was released on 2002 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first cross-over book into the history of science written by an historian of economics. It shows how 'history of technology' can be integrated with the history of economic ideas. The analysis combines Cold War history with the history of postwar economics in America and later elsewhere, revealing that the Pax Americana had much to do with abstruse and formal doctrines such as linear programming and game theory. It links the literature on 'cyborg' to economics, an element missing in literature to date. The treatment further calls into question the idea that economics has been immune to postmodern currents, arguing that neoclassical economics has participated in the deconstruction of the integral 'self'. Finally, it argues for an alliance of computational and institutional themes, and challenges the widespread impression that there is nothing else besides American neoclassical economic theory left standing after the demise of Marxism.
