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  1. Home
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  3. The Boundaries of Economics
  • Cited by 4
Publisher:
Cambridge University Press
Online publication date:
March 2010
Print publication year:
1988
Online ISBN:
9780511664526
DOI:
https://doi.org/10.1017/CBO9780511664526
Subjects:
Economics, Microeconomics, Economic Thought, Philosophy and Methodology, Political Economy
Series:
Murphy Institute Studies in Political Economy
Information

Book description

This volume examines themes that complicate the conventional economist's view of the world and thereby provide for a notably more complex, and humane, subject of study than the traditional Homo economicus. Written by economists and philosophers, these essays attempt to place neoclassical economic theory, especially conventional textbook micro-economic theory, in the broader context of other social sciences and modern economics. In doing so, the book aims to find the boundaries of economics and to define more sharply its relationship to other kinds of inquiry. Though the widespread use of textbook microtheory in business, economic, and political analysis is a clear testament to its power, the restrictions and artificialities of neoclassical assumptions give cause for worry even to many economists. This book examines the extent to which the economist's paradigm - that man is characterized chiefly by self-interested goals and rational choice of means - is useful in studying traditional noneconomic fields such as philosophy, political theory, and rhetoric. It also looks at how insights from other disciplines are changing - and perhaps improving - the current practice of economics.

Reviews

"...a stimulating collection of accessible discussions of the methodological concerns facing economics. It combines brevity with a range of issues, which makes it an attractive intellectual opportunity for the reading-overburdened." History of Political Economy

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