Description: Morality of Radical Economics : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics, Hardcover by Baiman, Ron P., ISBN 1137455586, ISBN-13 9781137455581, Brand New, Free shipping in the US 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 theseare not only infeasible or immoral, but have directly contributed to public policy disasters. Further, th suggests that only a moral economics in the form of radical political economy can address the looming economic and environmental crises of todays 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, buthas 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 valuessuch as social equity, democracy, and solidarityis so-called "radical economics", and that all true economics science should be directed toward achieving more socially productive economic activity. An invaluableguide 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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Book Title: Morality of Radical Economics : Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics
Number of Pages: Xvii, 314 Pages
Language: English
Publisher: Palgrave Macmillan
Publication Year: 2016
Topic: Political Economy, Public Policy / Economic Policy, Economics / Theory
Illustrator: Yes
Genre: Political Science, Business & Economics
Item Weight: 187.2 Oz
Author: Ron P. Baiman
Item Length: 8.3 in
Item Width: 5.8 in
Format: Hardcover
