Search results for: bourgeois-dignity-why-economics-cant-explain-the-modern-world

Bourgeois Dignity

Author : Deirdre N. McCloskey
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In a book that looks at the birth of the industrial revolution and the rise of capitalism in the 17th and 18th centuries, the author argues that economic change--including change today--depends less on foreign trade, investment or material causes and more on ideas and what people believe. By the author of The Bourgeois Virtues.

Die moralischen Grenzen des Marktes

Author : Prof. Ingo Pies
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Michael J. Sandel, der an der Harvard University politische Philosophie lehrt, ruft in dem hier erstmals in deutscher Übersetzung vorgelegten grundlegenden Text "Marktdenken als Moraldenken: Warum Ökonomen sich wieder stärker auf Politische Philosophie einlassen sollten" die Wissenschaftsdisziplin der Ökonomik dazu auf, sich wieder verstärkt auf ihre historischen und ethischen Wurzeln zu besinnen. Das ökonomische Selbstverständnis als wertfreie Wissenschaft hält er für ein Selbst-Missverständnis. Seiner Auffassung nach kann die Ökonomik ihrer gesellschaftlichen Aufgabe nur dann nachkommen, wenn sie sich (wieder) mit den moralischen Grenzen des Marktes beschäftigt. Bloße Effizienzüberlegungen reichen hierfür nicht aus. Vielmehr hält Sandel es für erforderlich, Fairness-Fragen gleicher oder ungleicher Behandlung auf Märkten deutlich mehr Aufmerksamkeit zu schenken. Vor allem aber kommt es ihm darauf an, die Möglichkeit ins Zentrum der Betrachtung zu rücken, dass Märkte sich negativ auf moralische Normen und Werte auswirken können, mit der bedenklichen Folge, dass eine an sich wünschenswerte Praxis korrumpiert wird. Deshalb warnt Sandel vor einem immer weiteren Ausgreifen des Marktes auf andere gesellschaftliche Bereiche, und er wirft der Mainstream-Ökonomik vor, einem solchen Ausgreifen unkritisch und sogar unreflektiert das Wort zu reden. Dieser Band leitet dazu an, sich mit den Thesen von Sandel intensiv und kritisch auseinanderzusetzen. Auf seinen im Original und in Übersetzung abgedruckten Aufsatz folgen u.a. dreizehn Kurzkommentare (von Klaus Beckmann, Markus Beckmann, Gerhard Engel, Johannes Fioole, Andrea Maurer, Ingo Pies, Birger P. Priddat, Christian Rennert, Michael Schramm, Robert Skok, Richard Sturn und Reinhard Zintl), die Sandels Thesen von verschiedenen Blickwinkeln aus beleuchten.

Bourgeois Equality

Author : Deirdre N. McCloskey
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The last 200 years have witnessed a 100-fold leap in well-being. Deirdre McCloskey argues that most people today are stunningly better off than their forbearers were in 1800, and that the rest of humanity will soon be. A purely materialist, incentivist view of economic change does not explain this leap. We have now the third in McCloskey's three-volume opus about how bourgeois values transformed Europe. Volume 3 nails the case for that transfiguration, telling us how aristocratic virtues of hierarchy were replaced by bourgeois virtues (more precisely, by attitudes toward virtues) that made it possible for ordinary folk with novel ideas to change the way people, farmed, manufactured, traveled, ruled themselves, and fought. It is a dramatic story, and joins a dramatic debate opened up by Thomas Piketty in his best-selling Capital in the 21st Century. McCloskey insists that economists are far too preoccupied by capital and saving, arguing against the position (of Piketty and most others) that capital induces a tendency to get more, that money reproduces itself, that riches are created from riches. Not so, our intrepid McCloskey shows. Bill Gates and Steve Jobs, among the biggest wealth accumulators in our era, didn't get rich through the magic of compound interest on capital. They got rich through intellectual property, creating billions of dollars from virtually nothing. Capital was no more important an ingredient to the original Apple or Microsoft than cookies or cucumbers. The debate is between those who think riches are created from riches versus those who, with McCloskey, think riches are created from rags, between those who see profits as a generous return on capital, or profits coming from innovation that ultimately benefits us all.

Humanism Challenges Materialism in Economics and Economic History

Author : Roderick Floud
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Most of the existing research on economic history relies either solely or ultimately on calculations of material interest to explain the major events of the modern world. However, care must be taken not to rely too heavily on materialism, with its associated confidence in perfectly rational actors that simply do not exist. What is needed for a more cogent understanding of the long history of capitalist growth is a more realistic, human-centered approach that can take account of the role of nonmaterial values and beliefs, an approach convincingly articulated by Deirdre McCloskey in her landmark trilogy of books on the moral and ethical basis of modern economic life. With Humanism Challenges Materialism in Economics and Economic History, Roderick Floud, Santhi Hejeebu, and David Mitch have brought together a distinguished group of scholars in economics, economic history, political science, philosophy, gender studies, and communications who synthesize and build on McCloskey’s work. The essays in this volume illustrate the ways in which the humanistic approach to economics that McCloskey pioneered can open up new vistas for the study of economic history and cultivate rich synergies with a wide range of disciplines. The contributors show how values and beliefs become embedded in the language of economics and shape economic outcomes. Chapters on methodology are accompanied by case studies discussing particular episodes in economic history.

The Myth of the Entrepreneurial State

Author : Deirdre Nansen McCloskey
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A common narrative of the post-World War II economists was that the State is indispensable for guiding investment and fostering innovation. They claimed that the wealth of the modern world is the result of past State guidance and that what is needed for future economic growth is more State guidance. This position has recently been rejuvenated in reaction to the Great Recession of 2008. The truth is that the enriched modern economy was not a product of State coercion. It was a product of a change in political and social rhetoric in northwestern Europe from 1517 to 1789. The Great Enrichment, that is, came from human ingenuity emancipated from the bottom up, not human ingenuity directed from the top down. The true question is what on balance is the best way to organize innovation—by the “wise State” or by commercially tested betterment? The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity. The Adam Smith Institute is one of the world's leading think tanks, recognised as the best domestic and international economic policy think-tank in the UK and ranked 2nd in the world among Independent Think Tanks by the University of Pennsylvania. Independent, non-profit and non-partisan, the Adam Smith Institute works to promote free market, neoliberal ideas through research, publishing, media outreach, and education. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom. The Institute was founded in the 1970s, as post-war socialism reached its high-watermark. Then, as now, its purpose was to educate the public about free markets and economic policy, and to inject sound ideas into the public debate.

Media Economics

Author : Stuart Cunningham
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This core textbook examines the economic paradigms at work in media industries and markets, enabling analysis of the media system as a whole. In addition to succinct accounts of neo-classical and critical political economics, this insightful text offers fresh perspectives for understanding media drawn from two 'heterodox' approaches: institutional economics and evolutionary economics. Applying these paradigms to vital topics and case studies, Stuart Cunningham, Terry Flew and Adam Swift stress the value – and limits – of contending economic approaches in understanding how the media operates today. Succinct and accessible, this text is essential reading for all students of media and communication studies, as well as those from economics, policy studies, business studies and marketing backgrounds with an interest in the media.

Author : 钱乘旦
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Freedom and Capitalism in Early Modern Europe

Author : Philipp Robinson Rössner
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This book hinges upon ideas and discourses variously known under labels such as “Mercantilism” and “Cameralism”. Often viewed as antithesis of capitalism, inclusive institutions and good economy in the “West”, this book re-assembles them and builds them into a coherent origin story of modern capitalism. It explores the field of intellectual and conceptual history, especially the history of Renaissance and Mercantilism in a longer history of capitalism. Rather than hindrances, the author argues that Mercantilist and Cameralist political economies presented essential stepping stones of modern capitalism, in Britain and beyond. This book will be of interest to academics and students in general economic history, the history of capitalism, economic development and the history of economic thought.

A Biblical Path for a Prosperous Society

Author : Brian Baugus
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This book explores the political-economic principles in the Bible with a special focus on the book of Deuteronomy and shows that the Biblical system is a market system based on strong protections of human rights and dignity, private property, rule of law, limited government and trade.

Baden and the Modern State

Author : Felix Selgert
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The bureaucracy’s commitment to the public good and predictable decision making processes is an important prerequisite of economic growth. There are, however, only few studies that ask how such an efficient bureaucracy was established. The main objective of this book is to close this gap by exploring the transformation of a rent-seeking bureaucracy into a modern Weberian administration in the Grand-Duchy of Baden during the first half of the 19th century. In doing so, the study asks how rules and regulations that governed employment dismissal, promotion and remuneration of bureaucrats shaped the latter’s incentives to commit to the public good and predictable decision making processes. The book provides a detailed case study of local bureaucrats, called district magistrates (Amtmänner) in the German state of Baden during the late 18th and the first half of the 19th century. District magistrates were a focal group since they managed daily administrative tasks and provided justice at the local level. Binding district magistrates’ decision making processes to clear-cut rules and making them more predictable was therefore a crucial complement to the technological and cultural changes that brought about the industrial revolution.