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Putting Jurisprudence Back Into Economics : What is Really Wrong With Today's Neoclassical Theory / by David Ellerman

Publisher	(Cham : Springer International Publishing : Imprint: Springer)
Year	2021
Edition	1st ed. 2021.
Authors	*Ellerman, David author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00175139		Springer Economics and Finance eBooks (電子ブック)	9783030760960

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Material Type	E-Book
Media type	機械可読データファイル
Size	XII, 186 p. 39 illus : online resource
Notes	Introduction to the Jurisprudence of Property and Contract -- Mathematical Introduction to the Jurisprudence of Property and Contract -- The Property Fallacy in Capital Theory and Corporate Finance Theory -- The Arrow-Debreu Model -- Marginal Productivity Theory -- Marxism as the Ultimate ‘Capitalist Tool’ -- The Logical Fallacy in Cost-Benefit Analysis and Law & Economics -- Jurisprudence and the Corporate Governance Debate -- Invalidity of Personhood Alienation Contracts -- Concluding Remarks About Jurisprudence and Neoclassical Economics This book presents an integrated jurisprudential critique of neoclassical microeconomic theory. It explains what is ‘really wrong’ with the theory both descriptively, as well as normatively. The criticism presented is based on questions of jurisprudence, and on neoclassical theory’s sins of omission and commission concerning the underlying system of property and contract. On the positive side - while the presentation is almost entirely non-mathematical - the book contains the first mathematical treatment of the fundamental theorem about property and contract in jurisprudence that underlies a market economy. The book follows the tradition of John Stuart Mill as the last major political economist who considered the study of property rights as an integral part of economic theory. The conceptual criticisms presented in this book focus on the descriptive and normative misconceptions about property and contracts that are deeply embedded ideology in neoclassical economics, not to mention in the broader society. The book recognizes that the idealized microeconomic theory is not descriptive of reality and focuses its criticism on conceptual mistakes in the theory, which are even clearer due to the idealized nature of the theory. Therefore, the book is a must-read for scholars, researchers, and students interested in a better understanding of jurisprudence in economics, neoclassical microeconomic theory, and political economy in general. HTTP:URL=https://doi.org/10.1007/978-3-030-76096-0
Subjects	LCSH:Economics LCSH:Law and economics LCSH:Schools of economics LCSH:Political science LCSH:Microeconomics FREE:Political Economy and Economic Systems FREE:Law and Economics FREE:Heterodox Economics FREE:Political Theory FREE:Microeconomics
Classification	LCC:HB74.P65 DC23:338.9
ID	8000076372
ISBN	9783030760960