This perceptive book challenges orthodox and neoliberal approaches to economics, emphasizing the importance of institutions in shaping socio-economic outcomes. George Kararach underscores the need to rethink dominant paradigms in the field of economics and enhance its relevance to public policy.
Exploring the societal impact of economics, Kararach sheds light on the limitations of neoliberalism and examines the effects of ethics on the evolution of alternative economic perspectives and policies. Chapters draw on detailed global case studies to present alternative proposals for a humane economy that promotes social inclusion, grounds economic theory in the social context, and integrates perspectives from the Global South. Considering how the economy can better serve society, Kararach applies heterodox methods to practical policy issues, highlighting the influence of institutional differences alongside powerful interest groups.
Interdisciplinary in scope, this book is a valuable resource for students and academics in economics, development studies, public policy, governance, philosophy and political science. Its insights will also greatly benefit policymakers and practitioners working in multilateral institutions, NGOs, UN agencies, and regional economic organizations.
Rezensionen / Stimmen
'At a time of deep doubt about economic orthodoxies, this is a powerful call to reclaim economics as a moral and institutional discipline-one grounded in justice, not dogma, and attuned to the lived realities of a fractured world.' -- Carlos Lopes, University of Cape Town, South Africa 'Brimming with original insights, this book helps us grapple with complex economic challenges of our times. It does not just critique the deficiencies of neoliberal economics, but elegantly lays solid foundations for a new economics grounded in ethics, social context, and real world institutions. Its new definition of economics is human-centric rather than one narrowly fixated on quantitative frames that lack context. This is an essential reading for public policy experts and development practitioners.' -- Mzukisi Qobo, South Africa's Ambassador to the World Trade Organisation, Switzerland 'Daniel Bell announced the end of ideology, Francis Fukuyama announced the end of history - the triumph of neoliberalism and the absence of alternatives as to how a modern economy is managed. George Kararach disagrees and implores us to think beyond neoliberalism and construct a humane society. This book asks of us for the minimum: have a proper debate about the economy. It is thought provoking, questioning conventional economic wisdom and puts human development at the centre.' -- Riad Sultan, University of Mauritius, Mauritius
Reihe
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 234 mm
Breite: 156 mm
ISBN-13
978-1-0353-1617-5 (9781035316175)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
George Kararach, Visiting Professor in Practice, Firoz Lalji Institute for Africa, The London School of Economics and Political Science, UK and Lead Economist, African Development Bank Group, Abidjan, Cote d'Ivoire
Contents
Introduction to Liberating Economics from Ideologies and Dystopia 1
PART I ECONOMICS' DOMINANCE IN SOCIAL SCIENCE
AND ITS SOCIETAL IMPACT 17
1 Economics, the hegemony of the social science and society 18
2 Neoliberal economics and the consumer promise: the
welfarist individual 32
3 Unemployment: the failed promise for jobs 42
4 Education, skills and upward immobility: the limits in self-
actualisation 52
5 Health: the false promise for longevity and well-being 62
6 Climate change, resource depletion and the limits of nature 75
7 On the incentives and rewards: motivation and economic
activity 88
8 Inclusion and marginalisation: economics on social
inequalities and minorities 98
9 Trade and the promise of global welfare: economics and
nationalist gimmicks 105
10 Aid and the failure of multilateral cooperation: greed as good
intention 115
11 Modern economics and the failure of development 123
PART II ALTERNATIVE PROPOSITIONS AND THE
HUMANE ECONOMY
Introduction to Part II 144
12 Economics, society and ethics in a humane context 149
13 Rethinking economic theory, political economy, and the new
social contract 162
14 Disruptions and the new promise of reconfigured economy 177
15 Governance, economics and the prosperous society 191
16 On methods, history and reimagining the future of humanity 200
PART III POLICY CONSIDERATIONS AND THE CONTRAST
OF CONTESTATIONS
Introduction to Part III 214
17 Macroeconomic policy and the importance of (in)stability 219
18 Markets, the state and the efficacy of competition policy 238
19 Labour market policies and the productive life 257
20 Institutions, regulatory regimes and policy 273
21 Growth and sustainable development policy 284
22 On industrial policy and economic renewal 300
23 Social policy and the humane economy 314
References
