Showing 1 - 9 of 9
This paper investigates the standard economic paradigm as to the possibility for the agents to become revolutionaries, i.e., to develop the desire and effective action to overturn the prevailing social order. We take our cue from Amartya Sen’s remark that the Second Fundamental Theorem of...
Persistent link: https://www.econbiz.de/10014172258
This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latters foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it does to todays more flexible and inclusive...
Persistent link: https://www.econbiz.de/10010779354
In this paper, we challenge the usual argument which says that competition is a fair mechanism because it ranks individuals according to their relative preferences between effort and leisure. This argument, we claim, is very insuficient as a justification of fairness in competiton, and we show...
Persistent link: https://www.econbiz.de/10004985138
This paper investigates the standard economic paradigm as to the possibility for the agents to become revolutionaries, i.e., to develop the desire and effective action to overturn the prevailing social order. We take our cue from Amartya Sen’s remark that the Second Fundamental Theorem of...
Persistent link: https://www.econbiz.de/10004985235
This paper presents a philosophical discussion of the ethical foundations of economic competition, based in large part on Emmanuel Levinas's theory of exteriority and of responsibility for the "Other". The claim is that competition, notwithstanding its positive effects in terms of efficiency and...
Persistent link: https://www.econbiz.de/10004985260
Persistent link: https://www.econbiz.de/10005742274
This paper argues that, since contemporary economic theory is part of the broader endeavor of an individualistic sociology of rational choice, it should impose on itself at least one consistency criterion: the economists working using that paradigm should explain in what sense it was a rational...
Persistent link: https://www.econbiz.de/10005553968
Persistent link: https://www.econbiz.de/10005793471
This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latters foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it does to todays more flexible and inclusive...
Persistent link: https://www.econbiz.de/10008554194