Description
Book SynopsisThe presumed sovereignty of individuals and the facilitating powers of the markets have generated a universal and ethically neutral conception of both social and economic organisation. This ground-breaking text re-examines the purpose of society and the role of economics in it, arguing that the absence of a beneficial natural order calls for the role of the collective in social and economic life to be revisited. Drawing on some key figures marking milestones in the evolution of social and economic thinking, the author offers a critique of mainstream economics as a way of thinking and as a provider of guiding principles for economic and social organisation.
Volume I introduces the reader to the emergence of natural order; considers the internal logic of economics and how it managed to be so persuasive in its recommendation for competitive interactions to govern all aspects of social life in all societies and across them; demonstrates that the economic conception of an order which solves society’s economic problem is, in fact, an impossibility that turns the natural phenomenon of markets into a problem rather than an ideal; and, addresses the other apparent appeal of markets: their association with the ideas of freedom and justice. This is a bold and foundational new work that offers an original and innovative perspective on economics and its challenges, addressing core areas such as behavioural economics, evolutionary game theory and links between social sciences (anthropology, philosophy) and neurosciences.”
Table of Contents1. An Illusion of Order1.1 Early Conceptions: A Conditioned Order1.2 Post Enlightenment Developments: Internalised conditionality1.3 The modern era: Idealised realism.
2. The Power of Beliefs: The organisation principles of economics’ paradigmatic core 2.1 The Paradigmatic Core2.2 The nature of Theoretical Obstacles and Developments2.3 The Hard Problems 2.4 Growth: the new Holy-Grail 2.5. Conclusion Appendices A-B
3. A Sense of Irrelevance 3.1 Share of Governments 3.2. The Share of Wages in National Income. 3.3 Employment 3.4 A Note on Growth 3.5 Conclusion Appendix A
4. On Freedom and Justice: A Note pertaining to economics’ liberal connection 4.1 Freedom, Liberty and Sovereignty: A note 4.2 Markets, Justice and the idea of Due Share 4.3 Conclusion
5. On Human Sociality I5.1. Being Social5.2 Prehistoric and Evolutionary Dimensions
6. On Human Sociality II: Intrinsic Sociality, self-interest and Social Organisation6.1. Social Distance and Social Organisation6.2. Cognition, Development and the conception of society6.3 ConclusionAppendix A
7. The Conception of the Individual in Modern Economic Analysis7.1. The ‘Choice’ of Rationality. 7.2. Rationality and Sociality7.3. Rationality in Economics7.4. Socialising the Instrumentally Rational Individual.7.5. The problem with Homo Economicus7.6. Conclusions
8. The Classical Alternative8.1 The Modern versus Smithian Narratives8.2 The Moral benchmark I: The Individual8.3 The moral benchmark II: the analysis of systems and distributions.8.4. Spill over and the Beneficence of Natural Distributions.8.5 Summary of moral argument8.6. Conclusions
9. Epilogue: Quo Vadis9.1. Reflections on the more immediate implications of the book 9.2. Some Broader implications9.3. Taking Stock: A Summary of the book 9.4. Some Final Words
