Political Economy After Economics
Scientific Method and Radical Imagination
Routledge – 2012 – 236 pages
This re-incorporation of economics into political economy is one (small, but not insignificant) element in a larger project: to place all of the resources of present-day social-scientific research at the service of increasing democracy, in an ultimate direction toward socialism in the classic sense. An economics-enriched political economy is, above all, empowering: working people in general can calculate, build models, think theoretically, and contribute to a human-worthy future, rather than leaving all this to their "betters."
Preface. Introduction 1. Value and Quest for the Core of Capitalism 2. Rhetoric and Substance in Value Theory: An Appraisal of the New Orthodox Marxism 3. Technical Change, Accumulation and the Rate of Profit Revisited 4. Okishio and His Critics: Historical Cost Vs Replacement Cost 5. Is There a Classical Theory of Supply and Demand? 6. Rationing and Price Control 7. Non-Constant Returns, Pareto Optimality and Competitive Equilibrium 8. Broadening the Theory of Aggregate Supply: A 'New Critical' Proposal 9. Revisioning Socialism: The Cherry Esplanade Conjecture 10. Incentive Design, Iterative Planning and Local Knowledge in a Maturing Socialist Economy