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Economics as Social Theory


About the Series

Social Theory is experiencing something of a revival within economics. Critical analyses of the particular nature of the subject matter of social studies and of the types of method, categories and modes of explanation that can legitimately be endorsed for the scientific study of social objects, are re-emerging. Economists are again addressing such issues as the relationship between agency and structure, between economy and the rest of society, and between the enquirer and the object of enquiry. There is a renewed interest in elaborating basic categories such as causation, competition, culture, discrimination, evolution, money, need, order, organization, power probability, process, rationality, technology, time, truth, uncertainty, value etc.

The objective for this series is to facilitate this revival further. In contemporary economics the label “theory” has been appropriated by a group that confines itself to largely asocial, ahistorical, mathematical “modelling”. Economics as Social Theory thus reclaims the “Theory” label, offering a platform for alternative rigorous, but broader and more critical conceptions of theorizing.

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The Evolutionary Origins of Markets How Evolution, Psychology and Biology Have Shaped the Economy

The Evolutionary Origins of Markets: How Evolution, Psychology and Biology Have Shaped the Economy

1st Edition

Rojhat Avşar
November 18, 2019

Our elaborate market exchange system owes its existence not to our calculating brain or insatiable self-centeredness, but rather to our sophisticated and nuanced human sociality and to the inherent rationality built into our emotions. The modern economic system is helped a lot more than hindered by...

The Nature of Social Reality Issues in Social Ontology

The Nature of Social Reality: Issues in Social Ontology

1st Edition

Tony Lawson
June 12, 2019

The social sciences often fail to examine in any systematic way the nature of their subject matter. Demonstrating that this is a central explanation of the widely acknowledged failings of the social sciences, not least of modern economics, this book sets about rectifying matters. Providing an ...

Keynes Against Capitalism His Economic Case for Liberal Socialism

Keynes Against Capitalism: His Economic Case for Liberal Socialism

1st Edition

James Crotty
May 13, 2019

Keynes is one of the most important and influential economists who ever lived. It is almost universally believed that Keynes wrote his magnum opus, The General Theory of Employment, Interest and Money, to save capitalism from the socialist, communist, and fascist forces that were rising up during ...

Markets Perspectives from Economic and Social Theory

Markets: Perspectives from Economic and Social Theory

1st Edition

William A. Jackson
May 07, 2019

Defining markets has never been an easy task. Despite their importance for economic theory and practice, they are hard to pin down as a concept and economists have tended to adopt simplified axiomatic models or rely on piecemeal case studies. This book argues that an extended range of theory, ...

Knowledge, Class, and Economics Marxism without Guarantees

Knowledge, Class, and Economics: Marxism without Guarantees

1st Edition

Theodore A. Burczak, Robert F. Garnett Jr., Richard McIntyre
October 17, 2017

Knowledge, Class, and Economics: Marxism without Guarantees surveys the "Amherst School" of non-determinist Marxist political economy, 40 years on: its core concepts, intellectual origins, diverse pathways, and enduring tensions. The volume’s 30 original essays reflect the range of perspectives and...

The World of Consumption The Material and Cultural Revisited

The World of Consumption: The Material and Cultural Revisited

2nd Edition

Ben Fine
March 21, 2002

Consumption has become one of the leading topics across the social sciences and vocational disciplines such as marketing and business studies. In this comprehensively updated and revised new edition, traditional approaches as well as the most recent literature are fully addressed and incorporated, ...

Rethinking Economic Policy for Social Justice The radical potential of human rights

Rethinking Economic Policy for Social Justice: The radical potential of human rights

1st Edition

Radhika Balakrishnan, James Heintz, Diane Elson
March 24, 2016

The dominant approach to economic policy has so far failed to adequately address the pressing challenges the world faces today: extreme poverty, widespread joblessness and precarious employment, burgeoning inequality, and large-scale environmental threats. This message was brought home forcibly by ...

A Corporate Welfare Economy

A Corporate Welfare Economy

1st Edition

James Angresano
February 11, 2016

Although political rhetoric and public perception continue to assume that the United States is the very definition of a free market economy, a different system entirely has in actuality come to prominence over the past half century. This Corporate Welfare Economy (CWE) has come about as government ...

What is Neoclassical Economics? Debating the origins, meaning and significance

What is Neoclassical Economics?: Debating the origins, meaning and significance

1st Edition

Jamie Morgan
November 30, 2015

Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of ...

The Philosophy of Debt

The Philosophy of Debt

1st Edition

Alexander X. Douglas
November 19, 2015

I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning?  This book aims to clarify the concept of debt so we can find better answers to important moral and ...

Essays on: The Nature and State of Modern Economics

Essays on: The Nature and State of Modern Economics

1st Edition

Tony Lawson
April 22, 2015

What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox economics? How do the central concerns of modern economists, whatever their associations or allegiances, relate to those traditionally taken up in the discipline? ...

The Philosophy, Politics and Economics of Finance in the 21st Century From Hubris to Disgrace

The Philosophy, Politics and Economics of Finance in the 21st Century: From Hubris to Disgrace

1st Edition

Patrick O'Sullivan, Nigel F. B. Allington, Mark Esposito
April 20, 2015

Since 2008, the financial sector has been the subject of extensive criticism. Much of this criticism has focused on the morality of the actors involved in the crisis and its extended aftermath. This book analyses the key moral and political philosophical issues of the crisis and relates them to the...

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