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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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Commerce and Community Ecologies of Social Cooperation

Commerce and Community: Ecologies of Social Cooperation

1st Edition

Robert F. Garnett Jr., Paul Lewis, Lenore T. Ealy
December 17, 2014

Since the end of the Cold War, the human face of economics has gained renewed visibility and generated new conversations among economists and other social theorists. The monistic, mechanical "economic systems" that characterized the capitalism vs. socialism debates of the mid-twentieth century have...

A History of Financial Crises Dreams and Follies of Expectations

A History of Financial Crises: Dreams and Follies of Expectations

1st Edition

Cihan Bilginsoy
December 01, 2014

"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and ...

Social Ontology and Modern Economics

Social Ontology and Modern Economics

1st Edition

Stephen Pratten
September 25, 2014

Economists increasingly recognise that engagement with social ontology – the study of the basic subject matter and constitution of social reality - can facilitate more relevant analysis. This growing recognition amongst economists of the importance of social ontology is due very considerably to the...

Economic Methodology A Historical Introduction

Economic Methodology: A Historical Introduction

1st Edition

Harro Maas
February 18, 2014

Ever since the inception of economics over two hundred years ago, the tools at the discipline’s disposal have grown more and more more sophisticated. This book provides a historical introduction to the methodology of economics through the eyes of economists. The story begins with John ...

Understanding Development Economics Its Challenge to Development Studies

Understanding Development Economics: Its Challenge to Development Studies

1st Edition

Adam Fforde
December 13, 2013

Important parts of development practice, especially in key institutions such as the World Bank, are dominated by economists. In contrast, Development Studies is largely based upon multidisciplinary work in which anthropologists, human geographers, sociologists, and others play important roles. ...

Introducing Money

Introducing Money

1st Edition

Mark Peacock
March 13, 2013

This book provides a theoretical and historical examination of the evolution of money. It is distinct from the majority of ‘economic’ approaches, for it does not see money as an outgrowth of market exchange via barter. Instead, the social, political, legal and religious origins of money are ...

The Cambridge Revival of Political Economy

The Cambridge Revival of Political Economy

1st Edition

Nuno Ornelas Martins
October 24, 2013

The marginalist revolution of the late nineteenth century consolidated what Karl Marx and Piero Sraffa called ‘vulgar economy’, bringing with it an emphasis on a scarcity theory that replaced the classical surplus theory. However, the classical political economy of Adam Smith and David Ricardo has ...

Postcolonialism Meets Economics

Postcolonialism Meets Economics

1st Edition

S. Charusheela, Eiman Zein-Elabdin
October 23, 2003

In the last half century, economics has taken over from anthropology the role of drawing the powerful conceptual worldviews that organize knowledge and inform policy in both domestic and international contexts. Until now however, the colonial roots of economic theory have remained relatively ...

The Values of Economics An Aristotelian Perspective

The Values of Economics: An Aristotelian Perspective

1st Edition

Irene van Staveren
June 07, 2001

In his Ethics, Aristotle argued that human beings try to further a variety of values by balancing them, stating that people try to find a middle road between excess and deficiency. The author develops and applies this idea to the values of economics, arguing that in the economy; freedom, justice ...

Markets, Deliberation and Environment

Markets, Deliberation and Environment

1st Edition

John O'Neill
December 14, 2006

What is the source of our environmental problems? Why is there in modern societies a persistent tendency to environmental damage? From within neoclassical economic theory there is a straightforward answer to those questions: it is because environmental goods and harms are unpriced. They come free....

Reorienting Economics

Reorienting Economics

1st Edition

Tony Lawson
February 20, 2003

Contemporary economics is characterized by a mismatch between its methods of analysis and the nature of the world it seeks to interpret. Despite regular economic crises and ongoing critique of the discipline, the drift from political economy into applied mathematics appears to continue ...

Development and Globalization A Marxian Class Analysis

Development and Globalization: A Marxian Class Analysis

1st Edition

David F. Ruccio
September 28, 2010

Since the mid-1980s, David F. Ruccio has been developing a new framework of Marxian class analysis and applying it to various issues in socialist planning, Third World development, and capitalist globalization. The aim of this collection is to show, through a series of concrete examples, how ...

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