Home :: Universal Economics: Assessing the Achievements of Economic Approach

Universal Economics: Assessing the Achievements of Economic Approach

Universal Economics: Assessing the Achievements of Economic Approach
ISBN
0892261021
Weight
2.00 lbs
Cover
Cloth

Pages
446

Size
6x9

Date Available
1999/11/30


Edited book , Index
Price:
$34.95 (26.21)
Qty
Excellent surveys, stimulating disagreements
“I have sampled...the contributions to Universal Economics. Surely most readers will share my enjoyment of some excellent surveys and the stimulating disagreements with others.”–George J. Stigler, Nobel Laureate University of Chicago

Using the foundations of economic analysis
Universal Economics reveals how the foundations of economic analysis are beginning to be used as the foundations for other life-sciences and social activities. Political scientists, sociologists, and historians will, as biologists already have, begin to use those foundations as well as improve them. The essays are...challenging.”–Armen A. Alchian, Economics Department UCLA

Excellent collection of essays
“This excellent collection of essays, by some of the most distinguished interdisciplinary scholars, well demonstrates the extraordinary power of the economic approach in the areas not traditionally considered the province of economics. A reading of these essays will reward one with an understanding of how close we are to a unification of much of our intellectual work through an economic approach.”–Henry G. Manne, Dean, School of Law George Mason University

Consistent and scholarly
“This book is a collection of essays that apply, in a consistent and scholarly manner, the economic method of analysis to important social issues. A reader of these essays will learn how and why economic reasoning is capable of contributing to a much improved understanding of social issues that have traditionally been left out of economic analysis.” –Steve Pejovich, Jeff Montgomery Professor and Director of the Center for Education and Research in Free Enterprise Texas A&M University

The imperialist power
What gives economics this “imperialist” power is the fact that its key concepts such as scarcity, competition, opportunities, costs, are applicable to all human phenomena and in fact to all of life. In this sense we may speak of “Universal Economics”.

At the end of the 50s economics had begun its “imperialist” phase, spreading the economists’ theory of behavior to the entire domain of the social sciences. Political economy, the new institutional economics and constitutional economics broadened attention to an open-ended array of social and political problems. The Economic Approach offers a coherent analytic framework to express the unity underlying the structure of problems appearing over the whole of man’s experience and, hence, it opens an opportunity for a unified approach. With respect to the human realm it is, in Dr. Radnitzky’s view, “Basically an invitation to straight thinking.”

The contributions to the volume examine what has so far been achieved by applying the Economic Approach outside the traditional field of economics. Some of these include applying it in the life sciences (Michael T. Ghiselin), in the social sciences (James S. Coleman), in the analysis of politics (Peter C. Ordeshook and Vincent Ostrom), by applying it to law (Alan Schwartz), to history (Roger Meiners and Stanley L. Engerman), in the analysis of conflict (Gordon Tullock, Jack Hirshleifer and Anthony de Jasay) and to international relations (Peter Bernholz).

Each of the major papers is followed by a commentary from one or two renowned scientists and scholars.

Table of Contents

Foreword Alvin M. Weinberg
Acknowledgments
Introduction The Economic Approach
Gerard Radnitzky
Part I: Applications in the Life Sciences
One Biology, Economics, and Bioeconomics
Michael T. Ghiselin
Two Commentary
Percy Löwenhard
Part II: The Economic Analysis of Social Structures and Behavior
Three The Economic Approach to Sociology
James S. Coleman
Four Commentary
Manfred Tietzel
Five Commentary
Erich Weede
Part III: The Economic Analysis of Politics
Six The Reintegration of Political Science and Economics
Peter C. Ordeshook
Seven Commentary
Vincent Ostrom
Part IV: Law and Economics
Eight The Law and Economics Approach
Alan Schwartz
Nine The School and Schools of Law and Economics
Peter H. Aranson
Ten Commentary
Walter Block
Part V: The Economic Approach in the Study of History
Eleven The Economic Approach to History
Roger E. Meiners
Twelve Commentary
Stanley L. Engennan
Part VI: The Economics of Conflict and the International Game of Power
Thirteen The Economics of Conflict
Gordon Tullock
Fourteen Commentary
Peter Bernholz
Fifteen Commentary
Jack Hirshleifer
Sixteen Rational Choice in Conflict
Anthony de Jasay
Seventeen The Economic Approach to International Relations
Peter Bernholz
Eighteen Commentary
Erich Weede
Nineteen Commentary
Walter Block
Twenty A Rebuttal of Block
Peter Bernholz
Contributors
Index

GERARD RADNITZKY is Profesor of thePhilosophy of Science at the University of Trier, Germany. Among his many publications are the Structure and Development of Science and Centripetal Forces in the Sciences, Volumes I and II.