Reckoning with Markets PDF ePub eBook

Books Info:

Reckoning with Markets free pdf Undergraduate economics students begin and end their study of economics with the simple claim that economics is value free. Only in a policy role will values and beliefs enter into economic work- there can be little meaningful dialogue by economists about such personal views and opinions. This view, now well over 200 years old, has been challenged by heterodox thinkers in economics, and philosophers and social scientists outside the discipline all along the way. However, much of the debate in modern times has been narrowly focused on philosophical methodological issues on one hand or theological/sectarian concerns on the other. None of this filters down to the typical undergraduate even in advanced courses of the history of economic thought. This book presents the notion that economic thinking cannot escape value judgments at any level and that this understanding has been the dominant view throughout most of history. It shows how, from ancient times, people who thought about economic matters integrated moral reflection into their thinking. Reflecting on the Enlightenment and the birth of economics as a science, Halteman and Noell illustrate the process by which values and beliefs were excluded from economics proper. They also bring the reader up to date, given the changes over the last half-century. With the advent of interdependency concepts and game theory, behavioral economics and the infusion of other social sciences, especially psychology, into economic considerations, the door is once again open to moral reflection. It is a sensitive subject that can be divisive for many and there is little if any assessable literature on the topic at the undergraduate level. One way to approach the subject is to follow the path of the great thinkers of the past and observe how they worked through economic issues from a set of values that was foundational to their thinking. This places moral thinking in a context illuminating the complexity and importance of moral reflection and illustrating its impact on the culture of the times. Reckoning With Markets follows this method with a deliberate effort to cast the material in terms that will engage the undergraduate student.

About James Halteman

James Halteman is Professor of Economics and Business at Wheaton College. Edd S. Noell is Professor of Economics and Business at Westmont College.

Details Book

Author : James Halteman
Publisher : Oxford University Press Inc
Data Published : 01 March 2012
ISBN : 0199763704
EAN : 9780199763702
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 240 pages
Age + : 15 years
Language : English
Rating :

Reviews Reckoning with Markets

17 Comments Add a comment

Related eBooks Download

  • Foundations of Economics free pdfFoundations of Economics

    Introductory economics is often thought of as dull and unappetising. Beginners need inspiration and help. Foundations of Economics breathes new life into an often-times dry discipline by linking key economic concepts with wider debates and issues..

  • Health Economics free pdfHealth Economics

    This book introduces students to the growing research field of health economics. Rather than offer details about health systems around the world without providing a theoretical context. Health Economics combines economic concepts with empirical evidence to enhance readers' economic understanding of how health care institutions and markets function..

  • The Making of Modern Economics free pdfThe Making of Modern Economics

    This book presents a bold. engaging and updated history of economics--the dramatic story of how the great economic thinkers built today's rigorous social science..

  • Economics as an Art of Thought free pdfEconomics as an Art of Thought

    George Shackle. FBA (1903-1992) was one of the leading economic philosophers of the twentieth century. who made major contributions to the theory of choice under uncertainty. to economic method and the history of economic thought..

  • Economics Broadly Considered free pdfEconomics Broadly Considered

    Warren J. Samuels has been a prominent figure in the study of economics in the twentieth century. This book brings together essays by leading scholars in the areas of economics in which Samuels has made his most important contributions: the history of economic thought..

  • Reckoning with Markets free pdfReckoning with Markets

    Free E Books. Undergraduate economics students begin and end their study of economics with the simple claim that economics is value free. Only in a policy role will values and beliefs enter into econo