Economic Rationality (What is Political Economy?) 1st Edition by Stephen G. Engelmann – Ebook PDF Instant Download/DeliveryISBN: 1509538126, 9781509538126
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Product details:
ISBN-10 : 1509538126
ISBN-13 : 9781509538126
Author: Stephen G. Engelmann
Economics used to be called political economy, and the loss of the “political” tracks the ascendance of the idea of rational choice within the discipline. Where does this idea of economic rationality – choosing to maximize benefits and minimize costs – come from? What are the consequences of its rise?
In this new book, Stephen Engelmann assesses these questions through a consideration of the often-hidden links between choice and government, ranging from the Benthamic utilitarianism that inspired modern economics to the contemporary economic psychologists trying to nudge everyone to choose more rationally. Multiple global crises are exposing how deficient economic rationality is as a political theory, since a focus on choice turns actors away from relations in the common. Political economy once targeted aristocratic rule – heralding a politics and ethics of egalitarian self-command and spurring democratic reform – but economics allows domination and forecloses alternatives to it.
Economic Rationality (What is Political Economy?) 1st Table of contents:
1 Introduction
Notes
2 Textbook Rationality and the Behavioral Critique
Choice, scarcity, and economic reason
Economic rationality and economic science
Allocative choice and the behavioral challenge
Rationality, management, and politics
Notes
3 Political Economy
Reading Adam Smith
From Malthus to Mill
On interest: Back to Bentham
Notes
4 Economics as Politics
Choice and balance
Pleasures, pains, and commensurability
Economics and expertise
Governing interest
Notes
5 Conclusion
Notes
Index
End User License Agreement
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Tags: Economic Rationality, Political Economy, Stephen Engelmann