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100   $a20160126d2016      u|         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aPower and Neoclassical Economics $eA Return to Political Economy in the Teaching of Economics /$fby A. Ozanne
205   $a1st ed. 2016.
210  1$aLondon :$cPalgrave Macmillan UK :$cImprint: Palgrave Pivot,$d2016.
215   $a1 online resource (110 p.)
225 1 $aPalgrave Pivot
300   $aDescription based upon print version of record.
311   $a1-349-71653-7 
311   $a1-137-55372-3 
320   $aIncludes bibliographical references and index.
327   $aCover; Half-Title; Title; Copyright; Dedication; Contents; List of Figures; Acknowledgements; 1 Introduction; 2 Why Does Neoclassical Economics Ignore Power?; 3 Why Power Matters for Economics; 4 Challenges to Mainstream Economics from PCES and Piketty; 5 Political Economics and Cooperative Game Theory; 6 The Concept of Power; 7 Bartlett's Economic Theory of Power; 8 A New Definition of Power; 9 Re-envisioning the Social Welfare Function as a "Political Economy Function"; 10 Examples of Applications of the Political Economy Function; 11 Conclusion; References; Index
330   $aMainstream economics almost completely ignores the role power plays in determining economic outcomes, which means it can only provide partial explanations of the distribution of wealth and income, and of the problems associated with inequality and poverty. For many, this is a fundamental failing that severely limits its relevance to the real world and is the source of much dissatisfaction with, and cynicism about, economics and economists. Ozanne explains how this neglect of power has come about over the past 150 years and why it is important. He reviews various definitions and theories of power from across the social sciences and proposes a new approach that could bring considerations of power back into standard economic theory and economics teaching. The approach is simple and intuitive, involving little more than re-envisioning the social welfare function as a 'political economy function'. However, if adopted in economics teaching, it could radically change the way young economists are taught to think about economic problems and lead to a 'return to political economy'.
410  0$aPalgrave pivot.
606   $aMicroeconomics
606   $aEconomic policy
606   $aSchools of economics
606   $aPolitical economy
606   $aEconomic theory
606   $aWelfare economics
606   $aMicroeconomics$3https://scigraph.springernature.com/ontologies/product-market-codes/W31000
606   $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010
606   $aHeterodox Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W53000
606   $aInternational Political Economy$3https://scigraph.springernature.com/ontologies/product-market-codes/912140
606   $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000
606   $aSocial Choice/Welfare Economics/Public Choice/Political Economy$3https://scigraph.springernature.com/ontologies/product-market-codes/W31020
615  0$aMicroeconomics.
615  0$aEconomic policy.
615  0$aSchools of economics.
615  0$aPolitical economy.
615  0$aEconomic theory.
615  0$aWelfare economics.
615 14$aMicroeconomics.
615 24$aEconomic Policy.
615 24$aHeterodox Economics.
615 24$aInternational Political Economy.
615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods.
615 24$aSocial Choice/Welfare Economics/Public Choice/Political Economy.
676   $a330
700   $aOzanne$b A$4aut$4http://id.loc.gov/vocabulary/relators/aut$0937885
906   $aBOOK
912   $a9910254867303321
996   $aPower and Neoclassical Economics$92112838
997   $aUNINA