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Political Economy After Economics

Scientific Method and Radical Imagination

By David Laibman

Routledge – 2012 – 236 pages

Series: Routledge Frontiers of Political Economy

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  • Add to CartPaperback: $44.95
    978-1-13-880306-0
    May 30th 2014
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    978-0-415-61929-5
    July 29th 2011

Description

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."

Reviews

"Laibman's essays express a genuine desire for knowledge and a willingness to engage with others in an open-minded but critical manner. His book tackles vital questions relevant not only to Marxist political economy but social sicence in general…Laibman's message that mathematical modeling, combined wtih deep and careful cirtical reflection, is necessary in order to bring 'science and emancipation together' is important. Only true ideas are effective, after all. Laibman's book should therefore interest all who share that goal." - Ian Wright, Department of Economics, The Open University

Contents

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

Name: Political Economy After Economics: Scientific Method and Radical Imagination (Hardback)Routledge 
Description: By David Laibman. 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...
Categories: Political Economy, Marxism & Communism, History of Economic Thought