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Download ebook The Morality of Radical Economics 2016 : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics

Download ebook The Morality of Radical Economics 2016 : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics

The Morality of Radical Economics 2016 : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics.cRon P. Baiman
The Morality of Radical Economics 2016 : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics
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Author: Ron P. Baiman
Number of Pages: 330 pages
Published Date: 25 Jul 2016
Publisher: Palgrave MacMillan
Publication Country: Basingstoke, United Kingdom
Language: English
Format: eBook
ISBN: 9781137455581
File size: 17 Mb
Download Link: The Morality of Radical Economics 2016 Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics
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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.

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