Suchergebnisse

Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Dedication -- Table of contents -- List of Contributors -- 1 Introduction: Putting the social back into economics -- The 2018 ASE World Congress -- Part I focuses on individual behavior and its social determinants -- Part II looks at macroeconomics and money -- Part III looks at policy issues -- Note -- References -- Part I Individual behavior -- 2 Becker's two models of social interaction -- Introduction -- Becker's 1974 model -- The formalization -- A simplified version -- The marginal utility of R -- Where MUR is positive (+) -- Where MPR is negative (-) -- A possible generalization and some comparative statics -- Becker's comparative statics -- Changes in money income -- Changes in the social environment -- The constant price of R -- Summary -- Social economics -- Renewed importance of social interactions -- New concepts -- Applications and further comments -- Final remarks -- Societal influence -- Social capital -- The possibility of heterogeneity -- Degrees of formalization -- Notes -- References -- 3 Greed, need, and solidarity: The socialization of Homo economicus -- Introduction -- The basics of exchange and cooperation -- Reexamining the behavioral and normative foundations of economics -- Summary -- References -- 4 The burden of knowledge and Schumpeter's innovation -- Introduction -- Joseph Schumpeter -- Classical approaches -- Modern approaches -- Burden of knowledge -- Conclusion -- References -- Part II Macroeconomics and money -- 5 Money as a social institution: Its historical emergence and political implications -- Introduction -- Money is social, political, and economic -- Definition of money -- Money as indicator and instrument -- Double entry bookkeeping -- Repurposing the corporate form -- Power of the currency -- Gold standard and gunboats.

In recent years there has been a growing dissatisfaction with standard economic theorising which has fostered the development of alternative ways of understanding how economies actually work. Too often though these approaches have been developed in isolation, or even in opposition to each other. However, Interactions in Political Economy, demonstrates that the different heterodox approaches to economics have much to learn from each other. Economists working within different paradigms, including Post Keynesian, Marxism and Neo-Ricardian economics address a wide range of issues in methodology, t

Abstract
Thomas Piketty's blockbuster Capital in the Twenty-First Century was followed by the publication of Capital and Ideology in early 2020. This paper looks at the differences between the two books, and provides an analysis and a critique of the main advances in the new book. First, Piketty drops r>g as an explanation for rising inequality. Instead, inequality is generated and constrained by economic power supported by an ideology. Second, there is a focus on the political consequences of inequality, including the rise of right-wing populism and the election of people like Donald Trump. Third, there is a new policy proposal-changes in corporate governance that gives labor and government seats on the Board of Directors of public corporations.