Adam's Fallacy A Guide to Economic Theology

Name: Adam's Fallacy A Guide to Economic Theology
Price: 4.6 USD
Availability: InStock
ISBN: 9780674027299

ISBN-10: 0674027299

ISBN-13: 9780674027299

Edition: 2006

Authors: Duncan K. Foley

List price: $30.00

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Description:

This book could be called "The Intelligent Person's Guide to Economics." Like Robert Heilbroner's The Worldly Philosophers, it attempts to explain the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. In between are chapters on Thomas Malthus, David Ricardo, Karl Marx, the marginalists, John Maynard Keynes, Friedrich Hayek, and Thorstein Veblen. The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the…

Book details

List price: $30.00
Copyright year: 2006
Publisher: Harvard University Press
Publication date: 4/30/2008
Binding: Paperback
Pages: 288
Size: 5.13" wide x 7.94" long x 0.75" tall
Weight: 0.726
Language: English

Duncan K. Foley is Leo Model Professor at the New School for Social Research.



Preface



Adam's Vision


The Division of Labor


The Theory of Value


Capital Accumulation


The Invisible Hand and the State


Smith's Theory of Money


Adam's Fallacy Revisited



Gloomy Science


Second Thoughts


Malthus and Population


The Context of Malthus's Essay


Malthus's Postulates


Malthusian Logic


Population and Food since Malthus's Time


Ricardo and the Limits to Growth


Ricardo's Labor Theory of Value


Accumulation and the Stationary State


Richardo's Views on Machinery


The Political Economy of Poverty



The Severest Critic


Historical Materialism


The Commodity and the Theory of Value


Capitalist Exploitation


Accumulation and the Falling Rate of Profit


Primitive Accumulation


The Transition to Socialism


Marx and Proletarian Revolution


Marxist Theory and Social Change



On the Margins


Adam's Fallacy Needs New Shoes


Marginalism


Where Do Prices Come From?


Marginalism and Social Welfare


Marginalism and Time


Veblen and Conspicuous Consumption



Voices in the Air


John Maynard Keynes


World Capitalism in Keynes's Time


Say's Law and Laissez-Faire


Labor Markets and Unemployment


Expectations and Money


The Fate of Capitalism


Complexity vs. Collectivism


The Prophet of Technology



Grand Illusions


Looking in the Mirror


Two-Armed Economists


Escaping Adam's Fallacy


Face to Face with Adam's Curse


Reading Further


Appendix


Demographic Equilibrium


Theories of Money and Prices


Ricardo's Theory of Rent and Accumulation


Decomposition of the Value of Commodities


The Working Day


Index