Deirdre Nansen McCloskey
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics
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Deirdre Nansen McCloskey's book "Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics" argues for a re-focusing on the liberated human and proposes a "humanomics" that combines economics with history, philosophy, literature, and the sciences of humans to rebuild the foundations of economics.
Format: Paperback / softback
Length: 192 pages
Publication date: 30 June 2022
Publisher: The University of Chicago Press
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics is a groundbreaking analysis from one of the defining voices of contemporary economics. Deirdre Nansen McCloskey delves deep into the authoritarian cast of recent economics, advocating for a re-focusing on the liberated human. The behaviorist positivism that has prevailed in the field since the 1930s treats individuals as external entities, leading to the emergence of manipulative neo-institutionalism as seen in the works of Williamson and North. McCloskey challenges this perspective, arguing that institutions, while significant, are primarily temporary and intermediate rather than ultimate causes. They are human-made, shaped by a myriad of factors such as words, myth, ethics, ideology, history, identity, professionalism, gossip, movies, and the teachings of one's mother. Humans create conversations as they navigate through the economy, just as they do in other aspects of life.
In her engaging and erudite prose, McCloskey meticulously exposes the scientific shortcomings of neo-institutionalism. She proposes a "humanomics," an economics that leaves humans at its center. Humanomics retains the rigor of theory, quantification, experimentation, mathematics, econometrics, while emphasizing a greater degree of truthfulness than is customary. It incorporates insights from history, philosophy, literature, and all the sciences of humans to enrich our understanding of the economy. McCloskey reaffirms the enduring power of "market-tested innovation" in the face of the imagined imperfections that a perfect government is supposed to correct. With her trademark zeal and incisive wit, she rebuilds the foundations of economics, offering a fresh and compelling perspective on the discipline.
Weight: 348g
Dimension: 152 x 229 x 15 (mm)
ISBN-13: 9780226819440
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