What’s Wrong with Economics

Acknowledgments (v)......Page 5
Contents (vii)......Page 7
Part I. Neoclassical Economics (1)......Page 11
1. Economics as a Science (3)......Page 12
Kuhn's Tests (5)......Page 14
Economics as a Social System (7)......Page 16
2. The Practice of Economics (15)......Page 23
Puzzles (16)......Page 24
Stylized Facts (20)......Page 28
Issues (22)......Page 30
The Framework (24)......Page 32
Power (28)......Page 36
Conclusion (31)......Page 39
3. A Science in Crisis? (33)......Page 41
The Keynesian Revolution (34)......Page 42
Another Revolution? (40)......Page 48
Generations and Events (44)......Page 52
Permanent Revolution (48)......Page 56
Laws as Variables (50)......Page 58
Part II. Marxism (55)......Page 63
4. Marxist Economics as a Science (57)......Page 64
Puzzles (58)......Page 65
Framework (63)......Page 70
Issues (66)......Page 73
The Invisible College and Power (68)......Page 75
5. Twentieth-Century Marxism (71)......Page 78
From Creativity to Stagnation (73)......Page 80
Renaissance? (77)......Page 84
Marxism in Crisis? (85)......Page 92
6. What's Wrong with Economics I (89)......Page 95
Part III. Social Man (93)......Page 99
7. Conversions not Decisions (95)......Page 100
Conversions (97)......Page 102
Social Aspects of Attitude-Change (100)......Page 105
8. Language and Change (109)......Page 113
Whatever Became of Machine Translation? (111)......Page 115
Language and the Philosophy of Science (114)......Page 118
Existential Man and Social Man (117)......Page 121
Language and Information (119)......Page 123
Changing Preferences (123)......Page 127
Identities (127)......Page 131
The Great Surplus Game, Or Adding N-Ach to Galbraith (132)......Page 136
Conclusion (138)......Page 142
Part IV. The Art of Persuasion (141)......Page 144
Input (143)......Page 145
Output (146)......Page 148
A Parable (152)......Page 154
Comments (153)......Page 155
Induction (159)......Page 161
Colligation (163)......Page 165
Walras, Heisenberg, and Velikovsky (167)......Page 169
Verification by Theory (173)......Page 175
12. Storytelling (179)......Page 180
Some Properties of Storytelling (184)......Page 185
On Verifying a Story (189)......Page 190
Part V. Values and Deeds (191)......Page 192
13. Values in Economics (193)......Page 193
Interpersonal Comparisons of Utility (199)......Page 199
14. Five Ways of Looking at "Ought" (207)......Page 206
"Ought" from "Is" (208)......Page 207
Means and Ends (210)......Page 209
Rule Utilitarianism (215)......Page 214
Marxism (217)......Page 216
Situation Ethics (219)......Page 218
Conclusion (220)......Page 219
Law as a Kuhnian Science (223)......Page 221
The Problem of Legal Science (227)......Page 225
Verification in Law (230)......Page 228
Law and Economics (233)......Page 231
16. What's Wrong with Economics II (237)......Page 234
Chapter 1 (247)......Page 244
Chapter 2 (249)......Page 245
Chapter 3 (251)......Page 248
Chapter 4 (253)......Page 250
Chapter 5 (254)......Page 251
Chapter 6 (255)......Page 252
Chapter 7 (256)......Page 253
Chapter 8 (257)......Page 254
Chapter 9 (258)......Page 255
Chapter 10 (259)......Page 256
Chapter 11 (260)......Page 257
Chapter 12 (263)......Page 260
Chapter 13 (264)......Page 261
Chapter 14 (265)......Page 262
Chapter 15 (266)......Page 263
Chapter 16 (267)......Page 264
Index (269)......Page 265