Betrayal of Liberal Economics: Volume II: How We Betrayed Economics

The presumed sovereignty of individuals and the facilitating powers of the markets have generated a universal and ethically neutral conception of social and economic organization. This 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 collective to be revisited in social and economic life. It offers a critique of mainstream economics as a way of thinking and a provider of guiding principles for economic and social organization.

\n Format: Hardback
\n Length: 434 pages
\n Publication date: 29 April 2019
\n Publisher: Springer Nature Switzerland AG
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The notion of individual sovereignty and the empowering forces of markets have led to a universal and ethically neutral understanding of social and economic organization. This groundbreaking text challenges the purpose of society and the role of economics within it, arguing that the absence of a beneficial natural order necessitates a reevaluation of the collective's role in social and economic life. Drawing upon influential figures who have shaped the evolution of social and economic thought, the author critiques mainstream economics as a way of thinking and a provider of guiding principles for economic and social organization.

In Volume I, the author examines how the paradigmatic core of economics betrayed us by its false promise. Volume II begins to explore whether the current status quo is a result of the academic community's betrayal of economics. The author begins by delving into the nature of human sociality and the significance of the "individual" in both liberal classical and modern economics. They then address the organizational implications of these conclusions, employing the concept of "social distance." The author considers whether modern economics can accommodate such sociality while maintaining the same organizational principle of competitive decentralization as the universal recipe for economic organization.

The text concludes by examining whether the fault lies in the misconception of modern economics as a linear intellectual progression from liberal classical economics. To address this, the author develops Adam Smith's theory to answer such questions and offers a novel re-examination of liberal classical economics.

This bold and foundational work presents an original and innovative perspective that will reshape our understanding of social and economic organization. It is a must-read for scholars, policymakers, and anyone interested in exploring the boundaries of economic and social theory.

\n Weight: 702g\n
Dimension: 157 x 219 x 39 (mm)\n
ISBN-13: 9783030106706\n
Edition number: 1st ed. 2019\n