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Author Basu, Kaushik
Title Prelude to Political Economy : A Study of the Social and Political Foundations of Economics
Imprint Oxford : Oxford University Press, Incorporated, 2000
©2000
book jacket
Descript 1 online resource (305 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Intro -- Contents -- Preface -- Part I. PRELIMINARIES -- 1. Introduction -- 1.1. Incident off Grand Trunk Road -- 1.2. Positive Political Economy -- 1.3. An Overview -- 2. Games and Misdemeanors: Game Theory for the Uninitiated -- 2.1. Motivation -- 2.2. Hex -- 2.3. Normal-Form Games -- 2.4. Extensive-Form Games -- 3. Individual Rationality -- 3.1. The Concept of Rationality -- 3.2. Internal Consistency -- 3.3. Procrastination and Addiction -- 3.4. The Traveler's Dilemma -- 3.5. The E-mail Game - Almost -- 3.6. The Paradox of Cognition -- Part II. SOCIETY -- 4. Social Norms, Culture and Beliefs -- 4.1. Of Mice and Men -- 4.2. The Bridge on Forest Home Drive -- 4.3. A Digression on "Association -- 4.4. Equilibrium-Selection Norms -- 4.5. Hawk, Dove and Maynard's Cuckoo -- 4.6. Norms, Polyphiloprogenitive -- 4.7. Beliefs -- Part III. THE STATE -- 5. Law and Economics -- 5.1. The Law According to Social Science -- 5.2. Law and Economics: A New Approach -- 5.3. Law and Enforcement: A Model -- 5.4. A Digression on Freedom of Speech -- 5.5. Concluding Remarks -- 6. Power and Coercion -- 6.1. Of Dyads and Triads -- 6.2. Political Power, Havel's Allegory, and McCarthyism -- 6.3. Triadic Markets and Coercion -- 6.4. A Digression on Sexual Harassment -- 6.5. On the "Man of Influence -- 6.6. Concluding Remarks -- 7. On Advising Government -- 7.1. A Science of Advising? -- 7.2. Advising Endogenous Government -- 7.3. Cheater's Roulette -- 7.4. A Moral Conundrum -- 8. The Concept of "State -- 8.1. Preamble -- 8.2. The Standard View and Its Brood of Fallacies -- 8.3. State as Beliefs -- 8.4. The Dane County Farmers' Market -- Part IV. ETHICS AND JUDGMENT -- 9. Welfare and Interpersonal Comparisons -- 9.1. Preliminaries -- 9.2. If I Were You... -- 9.3. Income and Welfare -- 10. Utilitarianism and Rights -- 10.1. Basic Concepts
10.2. Escher's Waterfall and a Critique of Utilitarianism -- 10.3. Rights and Liberty -- 10.4. Morals and Solipsism -- Part V. CONCLUSION -- 11. Some Concluding Remarks -- 11.1. Introduction -- 11.2. The Pdomain Problem -- 11.3. Games and Reality -- 11.4. The Free Rider -- 11.5. Conclusion -- Appendix. Notes on Methodology: Various and Sundry -- A1. Introduction -- A2. Knowledge and Skepticism -- A3. Assumptions -- A4. Hume's Law -- A5. Methodological Individualism -- A6. Determinism and Choice -- References -- Name Index -- A -- B -- C -- D -- E -- F -- G -- H -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z -- Subject Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z
This book is a critique of economics as social science, unusual because it uses many of the same techniques that contemporary economics and positive political economy use. It relies on game theory, and more importantly, on game-theoretic reasoning; but the technical demands are small. The book cautions that perhaps we are trying to move too fast; that we are, mistakenly, dismissive of ideas that cannot be fully formalized, and too glib with our elegant toolsof analysis. It must be recognized that markets and the economy are embedded in society, politics, and the law; and an immense amount of research has to go into understanding the nature of this embedding before we can come out with reliable answers. Prelude to Political Economy suggests a new approach to lawand economics and to the state, and addresses important questions such as whether the state should guarantee freedom of speech and whether the free market can lead to coercion
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Basu, Kaushik Prelude to Political Economy : A Study of the Social and Political Foundations of Economics Oxford : Oxford University Press, Incorporated,c2000 9780198296713
Subject Economics -- Political aspects.;Economics -- Sociological aspects
Electronic books
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