Aristotle s Critique of Political Economy With a Contemporary Application 1st Edition by Robert Gallagher 1138644714 9781138644717

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ISBN-10 :  1138644714 

ISBN-13 :  9781138644717

Author:  Robert L. Gallagher 

This book presents a positive account of Aristotle’s theory of political economy, arguing that it contains elements that may help us better understand and resolve contemporary social and economic problems. The book considers how Aristotle’s work has been utilized by scholars including Marx, Polanyi, Rawls, Nussbaum and Sen to develop solutions to the problem of injustice. It then goes on to present a new Social Welfare Function (SWF) as an application of Aristotle’s theory. In exploring how Aristotle’s theories can be applied to contemporary social welfare analysis, the book offers a study that will be of relevance to scholars of the history of economic thought, political theory and the philosophy of economics.

Aristotle s Critique of Political Economy With a Contemporary Application 1st Table of contents:

PART I: Post-Enlightenment Aristotelian theorists of political economy
Chapter 1: Karl Marx: “The Aristotle of the nineteenth century”
Notes
Chapter 2: Karl Polanyi
Oikonomia and self-sufficiency
“Living well” (eû zên) as a normative principle
Historic impact of wealth acquisition that is not in accordance with nature
Polanyi’s two interpretations of “economic”
Status versus contractus
Reciprocity and redistribution
Conclusion
Notes
Chapter 3: John Rawls
Community
Man as a political animal
Rawls’ Aristotelian Principle and his theory of the distribution of natural assets
The difference principle
Rawls on reciprocity
Rawls and Aristotle on Aristotle’s theory of justice
Notes
Chapter 4: Amartya Sen
The two “origins” of economics
Sen’s theory of motivation
How people differ from each other
Capabilities as a “set of vectors of functionings”
Sen’s theory of goods
Conclusion
Notes
Chapter 5: Martha Nussbaum
Capabilities and Aristotle’s human function argument
Notes
PART II: Aristotle’s critique of political economy
Introductory note
Chapter 6: The metaphysical foundations of Aristotle’s critique of political economy
Notes
Chapter 7: Living well versus mere living: the bifurcation of the community
Living well
Sources of division
Is merchandising “contrary to nature”?
Aristotle’s evaluation of the merchant
Notes
Chapter 8: Incommensurability and Aristotle’s theory of value
Incommensurability
Need and function
Quantifying Aristotle’s incommensurables
Marx’s criticisms of Aristotle’s theory of value
Notes
Chapter 9: Reciprocity and reciprocal justice
Difficulties in the Nicomachean Ethics
Diagonal pairing: Definition
Diagonal pairing and proportional exchange
Aristotle’s two “realities”
Notes
Chapter 10: Grace in Aristotle’s theory of exchange
Charis, in brief
The ontology of grace
Notes
PART III: Contemporary application Social welfare analysis: theory
Introductory note
Chapter 11: The state of social welfare analysis
Notes
Chapter 12: Derivation of an Aristotelian Social Welfare Function
Contemporary case study A: purchase of a US tractor by a Brazilian farmer
Contemporary case study B: housing
The use of social status in contemporary theory
Derivation of an Aristotelian Social Welfare Function
Notes
PART IV: Contemporary application Social welfare analysis: results
Introductory note
Chapter 13: Estimating values of an Aristotelian Social Welfare Function
Notes
Chapter 14: Quantitative studies in an Aristotelian Social Welfare Function
Reciprocal social welfare as measure of prosperity
GDP per capita and social welfare
Contrast between Europe and the United States
Developing countries with growth in social welfare
Power of dynamic graphs

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Tags: Aristotles Critique, Political Economy, Contemporary Application, Robert Gallagher