archive

The dismal science

From the latest issue of Post-Autistic Economics Review, George Irvin (London): Growing inequality in the neo-liberal heartland; Peter Soderbaum (Malardalen): Science, ideology and development: Is there a "sustainability economics"?; John B. Davis (Amsterdam): Why is economics not yet a pluralistic science? Deirdre McCloskey reviews Prophet of Innovation: Joseph Schumpeter and Creative Destruction by Thomas K. McCraw and John K. Galbraith's The New Industrial State. A review of A Farewell to Alms: A Brief Economic History of the World by Gregory Clark. One of the most important ideas of the late Nobel Laureate Friedrich Hayek was the concept of "spontaneous order". This can be a difficult concept to explain. James Livingston loves reading economists when they write like journalists.