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In: Historical Social Research, Band 44, Heft 1, S. 25-51
There would not have been an economics of convention (EC) without the use of the word "convention" in chapter 12 of the "The General Theory of Employment, Interest, and Money" (1936) by Keynes, and without the book "Convention. A Philosophical Study" (1969), by the philosopher and mathematician David Lewis. But representatives of EC reinterpret the usual reading of those two texts. They extract from the first one the idea of a convention as regulating a professional community (the financial one and the academic one in economics). As for the second one, they privilege the final revision of Lewis' initial game-theoretic definition, which puts non-observable "beliefs" on a par with observable "actions." The coherence between both elements can only be produced by the emergence of a "(social) practice." Therefore a very different practice of economics is promoted by EC (for instance reunifying coordination and reproduction). Following Foucault who studied states as a practice (through the notion of "governmentality"), we study business firms as a practice. Because of the gap between the legal person (corporation whose members are the share-holders) and the economic organization (with all its stake-holders), the firm as a practice needs to be regulated by a convention, in order to make the inequality not unbearable for workers. Otherwise the working of the firm as a dispositive of collective creation would be blocked. We conclude that conventions, practices, and dispositives belong to the same analytical space.
ISSN: 0013-3035
In: Springer eBooks
In: Economics and Finance
In: Springer eBook Collection
Preface -- Ch 1 Overview Qualitative Economics (QE) - The Science of Economics -- Part I Philosophy of Science and the Lifeworld Traditions -- Ch 2 The Case for Rethinking the Foundation of Business Economics -- Ch 3 Understanding the Organization of Science -- Ch 4 History of Lifeworld Traditions -- Ch 5 Mead and Blumer - Social Theory and Symbolic Interactionism -- Part II Science of Economics through Linguistics -- Ch 6 The Study of Qualitative Economics -- Ch 7 The Science of Qualitative Economics -- Ch 8 Methodological and Theoretical Constructs -- Ch 9 Linguistics as a Science -- Ch 10 Everyday Economic Life -- Ch 11 Summary and Conclusions -- Appendix A: The European Union Circular Economy: The Transition Towards a Better Future -- Appendix B: Circular Economy and Strategic Approach to Raw Materials: An Important Challenge for Europe and the Rest of the World -- References -- Author Index -- Subject Index
In: Recent Economic Thought Series 60
In: Recent Economic Thought 60
This collection assesses the development of `Coasean Economics' - those aspects of economic analysis that have evolved out of the ground-breaking work of Ronald Coase. Two major strands of research can be identified here: law and economics and the New Institutional Economics. While both law and economics and the analysis of institutions by no means originated with or evolved solely from Coase's work, it is undeniable that his contributions, particularly in The Nature of the Firm and The Problem of Social Cost, played a major role in shaping the contemporary manifestations of these areas of inquiry. This volume focuses on the firm, the Coase theorem, and law and economics - those aspects of economic analysis with which Coase is most closely identified. Along with these come several essays on methodology and one on transitional economies, all against the underlying background of Coase's contributions and influence, and the implications of these for how we do economics. Taken together, this volume offers a unique perspective on `Coasean Economics' as well as on the potential future direction of economic analysis
In: International papers in political economy series 7
Economic Theory and Policies: New Directions After Neo-Liberalism-- P.Arestis & M.Sawyer Towards a 'New Economics': Values, Resources, Money, Markets, Growth and Policy-- T.Barker Replacing the Efficient Markets Hypothesis with a New Economics Approach-- G.Dimsky From Gender as Exogenous to Gender as Endogenous in the New Economics-- I.van Staveren Long-Term Uncertainty and Social Security Systems-- J.Ferreiro & F.Serrano Finance-dominated Capitalism in Crisis--The Case for a Global Keynesian New Deal-- E.Hein & A.Truger
ISSN: 0287-2005
In: Peace research reviews, Band 16, Heft 1, S. 79-80
ISSN: 0553-4283
In: Springer eBook Collection
Most development economists are versed only in the post-World War II period of their subject. But economic growth was a major concern in the 18th century, and colonial economics and policy commanded much attention in the 19th and first half of the 20th centuries. A return to these earlier concerns can now provide present-day development economists with a greater appreciation of the intellectual history of their subject. Even more, such a return might strengthen the conceptual and empirical foundations of the subject. These are this book's objectives.