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Post-Modernism, Economics and Knowledge (Economics as Social Theory) Hardcover – June 26, 2001

ISBN-13: 978-0415110259 ISBN-10: 0415110254 Edition: 1st

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Product Details

  • Series: Economics as Social Theory
  • Hardcover: 512 pages
  • Publisher: Routledge; 1 edition (June 26, 2001)
  • Language: English
  • ISBN-10: 0415110254
  • ISBN-13: 978-0415110259
  • Product Dimensions: 6.1 x 1.1 x 9.2 inches
  • Shipping Weight: 2.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #9,637,990 in Books (See Top 100 in Books)

Editorial Reviews

Review

All of the contributions are interesting and worth reading...anyone interested in postmodernism and its place in modern social theory would find this book a valuable introduction. It would be a good ancillary text for a history of economic thought course as well.
–Christopher J. Niggle, University of Redlands, for Journal of Economic Issues, September 2002

About the Author

Stephen Cullenberg is Chair of the Department of Economics at the University of California, Riverside. Jack Amariglio is Professor of Economics at Merrimack College. David F. Ruccion is Associate Professor of Economics at the University of Notre Dame.

Customer Reviews

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Most Helpful Customer Reviews

6 of 7 people found the following review helpful By Yahya M. Madra on August 27, 2006
Format: Paperback
This is actually a very, very good volume that brings together the cutting edge critical work within the field of economics. It is indispensable for those who are interested in philosophy of economics and economic methodology. It has the best introduction to postmodernism as a complex philosophical current. It is good for those economists who want to think beyond the highly ideological toolbox approach and for those non-economists who wish the economics was more interesting, philosophically sophisticated, and epistemological self-reflective.
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2 of 2 people found the following review helpful By Asatar Bair on August 30, 2008
Format: Paperback Verified Purchase
This collection of essays provides an excellent introduction and overview to an area of thought that is revolutionizing economics. For most of the history of the field, economics has seen itself as a linear, mechanistic quest to separate truth from falsehood. The consequence has been an economics which is technically rigorous, but closed to different perspectives. This 'closing of the economic mind' has collapsed the field, making it ever more focused on narrow, technical, abstract propositions, while denigrating alternative approaches. In fact, this approach is well exemplified in the comments of Dr. Brady below, who focuses all of his attention in his review on one rather narrow technical point about Keynes' treatment of uncertainty. This is an interesting debate, but there is much more in this book than the topic of uncertainty.

If you want a book that is of a piece with the current level of discourse in economics, look elsewhere; but if you want to expand your notion of what is economics, and you want a set of essays which ask some of the most important questions in the field, this is the book.
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3 of 16 people found the following review helpful By Michael Emmett Brady on October 22, 2004
Format: Paperback
This book of collected essays,edited by Cullenberg,Amariglio,and Ruccio,suffers from the same erroneous claims ,with respect to Keynes's work on uncertainty and the weight of the evidence ,that were published in a 2003 book edited by Ruccio and Amariglio,titled"Postmodern Moments in Modern Economics".The interested reader of this review will find a much more detailed review of the latter book which also applies to the current book under review.Keynes is not anti mathematical.Keynes's original anaysis of the concept of uncertainty takes place in chapters 26 and 29 of the A Treatise on Probability(TP)following an introductory analysis of the problem of the weight of the evidence in chapter 6 of the TP.Let w equal the weight of the evidence.Keynes defines w to be an element of the set [0,1].Keynes is thus the first scholar in history to define an index to measure w.Measuring w means to grade the strength or completeness of the relevant, potential, available evidence which a decision maker is going to use to make an estimate of probability.Now define u to measure uncertainty.Uncertainty is a function of the weight of the evidence.We obtain u=f(w).There is an inverse relationship between u and w.If w increases,uncertainty decreases.If w decreases,uncertainty increases.The case of risk requires a w equal to 1.u would then be equal to 0(no uncertainty).The case of total or complete uncertainty of the evidence(u=1) requires a w equal to zero.No probabilities of any type(point,interval,ordinal)can be calculated since there is no evidence upon which to estimate a probability.Keynes refers to this case as the case of ignorance on p.310 of the TP.It corresponds to a w=0(u=1).Keynes states that this extreme case is not the important one.The important case is where 0<w<1,the case of partial evidence.Read more ›
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