Economic Indeterminacy
A personal encounter with the economists' peculiar nemesis
1st Edition
Published on 8. October 2013
392 pages
978-1-135-14135-6 (ISBN)
Description
This volume is a collection of some of the best and most influential work of Yanis Varoufakis. The chapters all address the issue of economic indeterminacy, and the place of a socialized Homo Economicus within the economy. The book addresses Varoufakis' key interpretation regarding the way in which neoclassical economics deals with the twin problems of complexity and indeterminacy. He argues that all neoclassical modelling revolves around three meta-axioms: Methodological individualism, Methodological instrumentalism and the Methodological Imposition of Equilibrium.
Each chapter is preceded by an introduction, which explains its place within the overarching theme of the book. The volume also includes a lengthy introduction, plus a concluding chapter focusing on the future of economics. It will be a key work for all students and researchers in the field of political economy and economic methodology.
Each chapter is preceded by an introduction, which explains its place within the overarching theme of the book. The volume also includes a lengthy introduction, plus a concluding chapter focusing on the future of economics. It will be a key work for all students and researchers in the field of political economy and economic methodology.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Product notice
Reflowable
Illustrations
42 s/w Abbildungen, 37 s/w Tabellen, 42 s/w Zeichnungen
37 Tables, black and white; 42 Line drawings, black and white; 42 Illustrations, black and white
File size
6,65 MB
ISBN-13
978-1-135-14135-6 (9781135141356)
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 Classification
Other editions
Additional editions
Book
06/2015
1st Edition
Routledge
€72.40
Shipment within 10-20 days
Book
09/2013
1st Edition
Routledge
€242.90
Shipment within 15-20 days
Person
Yanis Varoufakis is Professor of Economic Theory and Director of the Department of Political Economy within the Faculty of Economic Sciences of the University of Athens, Greece.
Content
1. Introduction: The Dance of the Meta-axioms and its pivotal role in modern economics 2. Rational Conflict (On the impossibility of a determinate theory of costly disagreement) 3. Unity is Strength (It is also the cause of indeterminate wage and employment trades union targets) 4. No Bluffs Please, We are Economists (Why bluffs and other subversive acts preclude determinate game theoretical analyses) 5. Bargaining by rules of Thumb (When strategic indeterminacy forces the rational negotiator to fall back on rules of thumb) 6. Marxists and the Sirens' Song (When disgruntled Marxists reach for game theory's toolbox they get more than they bargained for) 7. A Theory of Solidarity (Why indeterminacy is a prerequisite for genuine solidarity) 8. The Power of What Others Think 9. The Social Foundations of Corruption (On the indeterminate power of what others think) 10. Evolving Morals in the Labatory 11. Evolving Domination in the Labatory 12. On the Distinction between Evolution and History 13. Conclusion
