INTRODUCTION1. THE 'RATIONALITY' OF THE MARKET2. MARKET AND DEMOCRACY3. THE MARKET AND ITS MYTHS4. THEORETICAL AND REAL MARKETS5. POST-WALRASIAN ECONOMICS6. MARKET VALUES7. WHAT IS TO BE DONE?8. CONCLUSIONS GLOSSARYIndex

This article points out the limits of Austrian economics as far as the passage from positive to normative economics is concerned. We propose a comparison with neoclassical economics and discuss the different theoretical solutions adopted by these two schools of thought in their legitimization of...

In the economic debate on power, seemingly opposite positions have been presented. Contractualists have claimed that power relations do not exist in capitalism, and radicals have maintained that they are ubiquitous. In the middle, transaction costs and property rights economists have argued that...