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The Struggle Over the Soul of Economics (ebook)

Autor:Yuval P. Yonay;
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ISBN: EB9781400822522
Princeton University Press nos ofrece The Struggle Over the Soul of Economics (ebook) en inglés, disponible en nuestra tienda desde el 11 de Mayo del 1998.
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This book provides a surprising answer to two puzzling questions that relate to the very "soul" of the professional study of economics in the late twentieth century. How did the discipline of economics come to be dominated by an approach that is heavily dependent on mathematically derived models? And what happened to other approaches to the discipline that were considered to be scientifically viable less than fifty years ago? Between the two world wars there were two well-accepted schools of thought in economics: the "neoclassical," which emerged in the last third of the nineteenth century, and the "institutionalist," which started with the works of Veblen and Commons at the end of the same century. Although the contributions of the institutionalists are nearly forgotten now, Yuval Yonay shows that their legacy lingers in the study and practice of economics today. By reconsidering their impact and by analyzing the conflicts that arose between neoclassicists and institutionalists, Yonay brings to life a hidden chapter in the history of economics.

The author is a sociologist of science who brings a unique perspective to economic history. By utilizing the actor-network approach of Bruno Latour and Michel Callon, he arrives at a deeper understanding of the nature of the changes that took place in the practice of economics. His analysis also illuminates a broader set of issues concerning the nature of scientific practice and the forces behind changes in scientific knowledge.0Acknowledgments 1 Introduction: A Sociological Interpretation of the Modern History of Economics 3 2 The Neoclassical Era (1870-1914) from a Different Angle 29 3 Reconstructing the History of Institutionalism 49 4 The Struggle over the Meaning of Science 77 5 Bringing People and Institutions Back In: The Struggle over the Scope of Economics 100 6 The Free Market on Trial: The Struggle over the Gap between Reality and Theory 115 7 The Struggle over Social Relevance and the Place of Values 136 8 Evolution or Revolution? The Struggle over the History of the Discipline 163 9 Epilogue: The Fall of Institutionalism and the Rise of Modern Economics 184 10 Conclusions: The Evolution of Economic Analysis 196 Notes 223 Bibliography 251 Index 279

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