Real World Economics

Transcription

1 Real World Economics A Post-Autistic Economics Reader Edited by Edward Fullbrook ANTHEM PRESS LONDON -NI1W VOI1K -m-i.mi

2 CONTENTS Page List of Contributors - xi Introduction 1 Edward Fullbrook Parti: The nature of the enemy 1. The Rand Portcullis and post-autistic economics 13 Edward Fullbrook 2. The social and intellectual organization and construction of 27 economics Kyle Siler 3. Psychological autism, institutional autism and economics 35 James G Devine 4. Why neoclassical economics explains nothing at all 45 Steve Fleetwood 5. A science too human? Economics 53 Bernard Guerrien 6. Economics: the disappearing science? 63 Alan Shipman Part 2: The faux Nobel Prize 7. Beautiful mind, non-existent prize 71 Yves Gingras 8. An ignobel scandal 77 Alex Millmow 9. The Nobel Prize in economics - a barrier to new thinking - 81 Peter Soderbaum Part 3: Realism versus illusion 10. Seven theses for a theory of realist economics 87 Jacques Sapir

3 vi CONTENTS 11. How reality ate itself: orthodoxy, economy and trust 105 Jamie Morgan 12. Towards a realistic epistemology for economics 115 Claude Mouchot 13. Neutrality is overrated 123 Juan Pablo Pardo-Guerra 14. Economic history and the rebirth of respectable characters 127 Stephen T^tliak 15. Revisiting The Crisis of Vision in Modern Economic Thought 135 Robert Heilbroner and William Milberg 16. Modernist and pre-modernist explanation in economics 139 Kevin Quinn 17. Game Theory: A refinement or an alternative to neo-classical 151 economics? 18. Towards a post-autistic managerial economics 163 Sashi Sivramkrishna Part 4: Pluralism versus monism 19. Three arguments for pluralism in economics E King 20. Pleas for pluralism 177 Esther-Mirjam Sent 21. 'Efficiency': whose efficiency? 185 Richard Wolff Part 5: Saving the planet from neoclassical economics 22. The 'illth' of nations and the fecklessness of policy: an 191 ecological economist's perspective Herman E. Daly 23. Ecological economics is post-autistic 199 Robert Costanza 24. Priceless benefits, costly mistakes: what's wrong with cost 205 benefit analysis? Frank Ackerman 25. Is GDP a good measure of economic progress? 215 Olivier Vaury 26. Living in an affluent society: it is so 'more-ish' 221 Shaun Hargreaves Heap

4 CONTENTS vii Part 6: Case histories 27. Kicking away the ladder 231 Ha-Joon Chang 28. Japan, refutation of neoliberalism 237 Robert Locke 29. Liberalisation and social structure: the case of labour intensive 259 export growth in South Asia 30. Policy relevance in the Latin American School of Economics 267 Ana Maria Bianchi 31. Driving a car with no steering wheel and no road map: 273 Neoclassical discourse and the case of India 32. Dynamic versus static efficiency 281 Part 7: Is anything worth keeping in microeconomics? 33. Is anything worth keeping in standard microeconomics? 293 Bernard Guerrien 34. In defence of basic economic reasoning 297 Bruce J Caldwell 35. Doctrine-centred versus problem-centred economics 301 Peter Dorman 36. Yes, there is something worth keeping in microeconomics 305 Deirdre McCloskey 37. Response to Guerrien's essay 309 Jacques Sapir 38. Theoretical substance should take priority over technique 311 Geoffrey M Hodgson 39. Two perspectives to Guerrien's question 315 Steve Keen 40. Superior analysis requires recognition of complexity 319 Anne Mayhem 41. What should be retained from standard microeconomics 323 Julie A Nelson 42. Comment on Guerrien's essay. 327 Geoff Harcourt

5 viii CONTENTS 43. For Guerrien... and beyond 329 Gilles Raveaud 44. Teaching post-autistic economics to students of political 333 science Poul Theis Madsen 45. Can we please move on? A note on the Guerrien debate 339 James K Galbraith 46. Once again on microeconomics 343 Bernard Guerrien Part 8: Some big ideas 47. Two feasible future scenarios: a high-tech Utopia and a high- 353 tech dystopia Trond Andresen 48. The political economy of destructive power 367 Mehrdad Vahabi 49. Capabilities: from Spinoza to Sen and beyond 377 Jorge Buzaglo 50. Thermodynamics and economics 391 Dietmar Lindenberger and Reiner Ku'mmel Part 9: Putting ethics into economics 51. Ethics In economic theory 399 Charles KWilber 52. Ethics and economic actors 409 Charles KWilber 53. Social being as a problem for an ethical economics 417 Jamie Morgan 54. When social physics becomes a social problem: economics, 427 ethics and the new order Juan Pablo Pardo-Guerra 55. The economist's long farewell 435 Robert E Lane Part 10: Student voices 56. Politics versus economics: keeping it real 445 Daniel Gay 57. Form and content in neoclassical theory 451 Asatar Bair

6 CONTENTS 58. Of textbooks: in search of method 457 Nathaniel N Chamberland ^ 59. Consumer sovereignty re-examined 463 Goutam UJois Appendix: Students in rebellion Appendix I. The French students' petition 471 Appendix II. The French professors' petition 473 Appendix III. Post-autistic Economics Newsletter, issue no Appendix IV. The Cambridge University students' petition 483 Appendix V. An international open letter Appendix VI. The Harvard students' petition 489 Index of names 493