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This book represents the first critical attempt to incorporate the question of the canon in the history of economics into contemporary scholarly debate. It discusses how the canon is formed, perpetuated, interpreted and re-interpreted.
While economic and other social science expertise is indispensable for successful public policy-making regarding global climate change, social scientists face trade-offs between the scientific credibility, policy-relevance, and legitimacy of their policy advice. From a philosophical perspective, this book systematically addresses these trade-offs and other crucial challenges facing the integrated economic assessments of the Intergovernmental Panel on Climate Change (IPCC). Based on John Dewey’s pragmatist philosophy and an analysis of the value-laden nature and reliability of climate change economics, the book develops a refined science-policy model and specific guidelines for these assess...
A central debate among scholars of Marx concerns whether Marxism has a moral content or is totally "amoral"--perhaps either because it embraces a strict economic determinism or because it nihilistically sides with the proletariat without offering any objective justification for that stance. Philosopher Vanessa Christina Wills argues that Marx does articulate an ethical perspective that is present throughout his writings, both the more obviously humanistic and philosophical early writings and his later, economic and more empirically-grounded studies such as Capital. The purposiveness of labor gives rise to a normativity already inherent in the present state of things, one that can guide us in knowing what sort of world we should build and that further, prepares us to build it.
This Palgrave Pivot presents a series of political economy short stories of collective agency, weaving together the history of a progressive change with a discussion of the role of institutions to effect change. These stories highlight sustained activism around valuing caring, ending discrimination, protecting the environment, improving worker well-being, and reimagining ways to encourage local economic development by restoring public-private social balance. Ultimately, these stories demonstrate that challenges to the neoliberal economy are possible. Neoliberalism can be viewed as a value structure that is undermining sustainable human development by elevating the level of risk experienced in daily economic life. Its hallmarks are globalization, market liberalization, deregulation, financialization, cutbacks in social provisioning through the public sector, and restructuring of labor markets in ways that increase instability. Social movements have responded, agitating for change. The stories here provide examples of how social actors engage in collective behavior to advance the objectives of economic justice, democratic participation in economic life, and human development.
For over a century the economics profession has extended its reach to encompass policy formation and institutional design while largely ignoring the ethical challenges that attend the profession's influence over the lives of others. Economists have proven to be disinterested in ethics. Embracing emotivism, they often treat ethics a matter of mere preference. Moreover, economists tend to be hostile to professional economic ethics, which they incorrectly equate with a code of conduct that would be at best ineffectual and at worst disruptive to good economic practice. But good ethical reasoning is not reducible to mere tastes, and professional ethics is not reducible to a code. Instead, profess...
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In the light of growing political and religious fundamentalism, this open access book defends the idea of freedom as paramount for the attempt to find common ethical ground in the age of globality. The book sets out to examine as yet unexhausted ways to boost the resilience of the principle of liberalism. Critically reviewing the last 200 years of the philosophy of freedom, it revises the principle of liberty in order to revive it. It discusses many different aspects that fall under its three main topics: the metaphysics of freedom, quantitative freedom and qualitative freedom. Open societies worldwide have come under increasing pressure in the last decades. The belief that politics and mark...
Life and Money uncovers the contentious history of the boundary between economy and politics in liberalism. Ute Tellmann traces the shifting ontologies for defining economic necessity. She argues that our understanding of the malleability of economic relations has been displaced by colonial hierarchies of civilization and the biopolitics of the nation. Bringing economics into conversation with political theory, cultural economy, postcolonial thought, and history, Tellmann gives a radically novel interpretation of scarcity and money in terms of materiality, temporality, and affect. The book investigates the conceptual shifts regarding economic order during two moments of profound crisis in th...
This book seeks to explore the ethical dimensions of economic governance through an engagement with Adam Smith and a critical analysis of economistic understandings of the Global Financial Crisis. It examines ethical and political dilemmas associated with key aspects of the financialisation of Anglo-American economy and society, including systems of asset-based welfare, modern risk management and debt. In the wake of the financial crisis, recognition of the way in which everyday lives and life chances are tied into global finance is widespread. Yet few contributions in IPE explicitly tackle this issue as a question of ethics. By developing Adam Smith’s under-utilised account of how market-...
This collection of essays uses Alexis de Tocqueville's writings to explore the dilemmas of democratization in the twenty-first century.