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The Betrayal of Liberal Economics

Volume I: How Economics Betrayed Us

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  • © 2019

Overview

Authors:
  1. Amos Witztum

    1. Centre for Philosophy of Natural and Social Sciences, London School of Economics and Political Sciences, London, UK

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  • Presents an innovative challenge to mainstream economics questioning both its validity and relevance as a social theory
  • Introduces original research based on other disciplines to formulate an alternative conceptual framework for economic analysis
  • Seeks to re-establish economics as a genuine social discipline which is more in line with classical economics from which modern economics has been a dramatic and unwarranted departure

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Table of contents (4 chapters)

  1. Front Matter

    Pages i-liv
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  2. An Illusion of Order

    • Amos Witztum
    Pages 1-46

  3. The Power of Beliefs: The Organisational Principles of Economics’ Paradigmatic Core

    • Amos Witztum
    Pages 47-119

  4. A Sense of Irrelevance

    • Amos Witztum
    Pages 121-216

  5. On Freedom and Justice: A Note Pertaining to Economics’ Liberal Connections

    • Amos Witztum
    Pages 217-303

  6. Back Matter

    Pages 305-332
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Keywords

About this book

The presumed sovereignty of individuals and the facilitating powers of the markets have generated a universal and ethically neutral conception of both social and economic organisation. This ground-breaking text  re-examines the purpose of society and the role of economics in it, arguing that the absence of a beneficial natural order calls for the role of the collective in social and economic life to be revisited. Drawing on some key figures marking milestones in the evolution of social and economic thinking, the author offers a critique of mainstream economics as a way of thinking and as a provider of guiding principles for economic and social organisation. 


Volume I introduces the reader to the emergence of natural order; considers the internal logic of economics and how it managed to be so persuasive in its recommendation for competitive interactions to govern all aspects of social life in all societies and across them; demonstrates that the economic conception of an order which solves society’s economic problem is, in fact, an impossibility that turns the natural phenomenon of markets into a problem rather than an ideal; and, addresses the other apparent appeal of markets: their association with the ideas of freedom and justice.
 
This is a bold and foundational new work that offers an original and innovative perspective on economics and its challenges, addressing core areas such as behavioural economics, evolutionary game theory and links between social sciences (anthropology, philosophy) and neurosciences.”


Authors and Affiliations

  • Centre for Philosophy of Natural and Social Sciences, London School of Economics and Political Sciences, London, UK

    Amos Witztum

About the author

Amos Witztum is a professor of economics who is currently a Research Associate at the Centre for the Philosophy of Natural and Social Sciences at the London School of Economics and Political Sciences, UK.



   

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