Who runs the economy?
Subtitle: the role of power in economics
By: Robert Skidelsky, Nan Craig, editors
Publisher: Palgrave Macmillan
Published: 2016
Language: eng
Number of pages: 146
ISBN-13: 9781137580191; 9781137580184
Subjects: Power (Social sciences); Economic history
Description: Since the financial crisis of 2008 and the following Great Recession, there has been surprisingly little change in the systems of ideas, institutions and policies which preceded the crash and helped bring it about. 'Mainstream' economics carries on much as it did before. Despite much discussion of what went wrong, very little has substantially changed. Perhaps the answer has something to do with power; a subject on which economics is unusually quiet. Whilst economics may be able to discuss bargaining power and market power, it fails to explore the reciprocal connections between economic ideas and politics: the political power of economic ideas on the one side, and the influence of power structures on economic thought on the other. This book explores how the supposedly neutral discipline of economics does not simply describe human behaviour, but in fact shapes it.
Notes: "The symposium 'Power and economics" took place over four sessions in London on 23 March 2015 ... The following essays arose from the presenations given..."--Page v.

Includes bibliographical references and index.
Table of contents: title: Introduction / Robert Skidelsky and Nan Craig; title: part 1. Economics and power: basic models of the relationship. Power and economics / Steven Lukes and Jonathan Hearn; title: Economics as superstructure / Norbert Häring and Lucas Zeise; title: Economics as science / Nancy CArtwright and John Bryan Davis; title: part 2. Case studies. The Keynesian revolution and the theory of countervailing powers / Robert Skidelsky and Roger Backhouse; title: The neoclassical counter-revolution and the ascendancy of business / Daniel Stedman Jones and Ben Jackson; title: part 3. Applications to the present. Economics and the banks / Adair Turner; title: Financialization vs. efficient markets: reframing the economics and politics of finance / Thomas Palley; title: Power and inequality / James K. Galbraith and Anthony Heath; title: Index.