Resources for Study of Polanyi’s Great Transformation

shortlink for this post: bit.do/azgtr Polanyi offers a deep historical study of how European societies based on traditional values of cooperation and social responsibility were tansformed into modern secular societies. In Polanyi’s terminology, social relations became embedded within the market, creating a market society driven by the imperative of commercialization, which makes money the measure… Read More Resources for Study of Polanyi’s Great Transformation

December 27, 2017April 28, 2018 Asad Zaman2 Comments

Meta-Theory and Pluralism in the Methodology of Polanyi

Currently, I am teaching a course in Advanced Microeconomics where I have started with the premise that conventional economic theory, both Micro and Macro are fundamentally wrong. The number of ways in which they are wrong cannot even be counted. Instead of enumerating errors, the course is devoted to providing a constructive alternative. A lot… Read More Meta-Theory and Pluralism in the Methodology of Polanyi

April 30, 2017April 17, 2018 Asad Zaman4 Comments

P10: Comments on Varian

Before proceeding with Re-Reading Keynes, I would like to clarify the issue of exogeneity and endogeneity, which he understands, but most of his followers failed to understand. This is to clarify a segment of a phrase he uses in describing the four ways in which level of employment can increase within the framework of the… Read More P10: Comments on Varian

February 25, 2017April 17, 2018 Asad ZamanLeave a comment

Imperfect competition

Joan Robinson (1903- 1983) studied microeconomic issues, such as pricing, consumer demand, producer supply, competition and monopolistic strategies. Her first major book was The Economics of Imperfect Competition, published in 1933. In the same year, Edward Chamberlin published The Theory of Monopolistic Competition. Robinson restates the Marshallian contribution to price theory so as to examine the… Read More Imperfect competition

February 9, 2017April 17, 2018 Maria Alejandra MadiLeave a comment

Meltzer’s ‘Why Capitalism?’: An ideological polemic

This is my book review on Amazon — I thought it would be of interest to WEA readers. In a complex world, discovering causality is very difficult. Many things happen simultaneously, and post hoc ergo propter hoc reasoning is a common fallacy that is hard to detect and critique. Here is how I understand Meltzer’s… Read More Meltzer’s ‘Why Capitalism?’: An ideological polemic

December 20, 2016April 17, 2018 Asad Zaman1 Comment

Globalisation and Democracy

Concerns with social inclusion extend well beyond the purely economic account of justice, since economic inequality affects social cohesion and political stability. Moreover, economic inequality can have negative implications for economic growth and democratic institutions. As a welcome contribution to the literature on the subject, Eric Hobsbawm´s book, Globalisation, Democracy and Terrorism, fosters further reflection and… Read More Globalisation and Democracy

November 28, 2016 Maria Alejandra Madi8 Comments

P1: Reading Keynes

I am planning a sequence of posts on re-reading Keynes, where I will try to go through the General Theory. This first post explains my motivations for re-reading Keynes. As always, my primary motive is self-education; this will force me to go through the book again — I first read it in my first year… Read More P1: Reading Keynes

November 2, 2016April 17, 2018 Asad Zaman19 Comments

Orientalism

I was deeply impressed by the magnificient sweep of Edward Said’s book, which show how an entire field of knowledge was intimately linked with the demands of imperialism, and had no relation to the ground realities of Eastern societies. The success of the book created within me the ambition to carry out the same analysis… Read More Orientalism

September 19, 2016April 17, 2018 Asad Zaman5 Comments

On the Central Importance of a Meta-Theory for Economics.

This post was meant to provide a framework for further elaboration of the idea of ET1% — the Economic Theory of the top 1% — as one ingredient of a Meta-Theory of Economics. However, covering necessary preliminary background already took up more than a thousand words, so this project has been deferred for a later… Read More On the Central Importance of a Meta-Theory for Economics.

July 4, 2016April 17, 2018 Asad Zaman4 Comments

Project: A Heterodox Macro Textbook

After having examined a lot of relevant, useful and insightful material on the failure of orthodoxy, some of which that came up in the responses to my post, I have come to a conclusion that there is a viable project we could undertake together, which has the chance of creating a revolution. There are several… Read More Project: A Heterodox Macro Textbook

February 5, 2016April 17, 2018 Asad Zaman9 Comments

	chdwr on Enlightenment Epistemology and…
	MarvinBlake on Basics of Monetary Econom…
	Dr Kazi Rafikoddin R… on Brainstorming: Negative Impact…
	janosabel on The Awakening of an Econ …
	carmeloferlito on The Awakening of an Econ …

WEA Pedagogy Blog

Perspectives on Economics & Society

Category: books to read