The recent arrival ofFrom Economics Imperialism to Freakonomicsby Fine and Milonakis is especially propitious given the context of the Great Recession of 2008 – and the associated decline of public faith in the verities of mainstream economics. Fine and Milonakis provide a magisterial critical survey of contemporary economics and demonstrate the need for a ‘new and truly interdisciplinary political economy’ capable of ‘incorporating the social and historical from the outset’. But their cause requires the explicit development of value analysis within (...) the framework of dialectical social theory. This requires foregrounding the ways in which Marx’s categories inCapitalare from the start historical precipitates that acknowledge their own inherent historicity. (shrink)

From a pre-publication review by the late Austrian economist, Don Lavoie, of George Mason University: -/- "The book's radical re-interpretation of property and contract is, I think, among the most powerful critiques of mainstream economics ever developed. It undermines the neoclassical way of thinking about property by articulating a theory of inalienable rights, and constructs out of this perspective a "labor theory of property" which is as different from Marx's labor theory of value as it is from neoclassicism. It traces (...) roots of such ideas in some fascinating and largely forgotten strands of the history of economics. It draws attention to the question of "responsibility" which neoclassicism has utterly lost sight of. It is startlingly fresh in its overall approach, and unusually well written in its presentation. ... It constitutes a better case for its economic democracy viewpoint than anything else in the literature." . (shrink)

While I am in broad agreement with the main thrust of Fine’s and Milonakis’s argument, I pose sixteen questions for them. The first ten questions relate to the history of economic thought ; substantive issues of economic theory ; methodological and philosophical matters ; and the other social sciences. I conclude by asking six questions about the ‘old’ and ‘new’ economics imperialism, the prospects for mainstream economics, and the precise nature of the political-economy alternative that Fine and Milonakis propose. Is (...) it simply Marxian political economy in disguise? (shrink)

In this article the meaning and main phases of 'economization' as a civilizing process are outlined. It is argued that 'ecologization' of the current political-economic regime can in a certain sense be regarded as a continuation of this development. Due attention is given to social conditions which may be favourable or impedimental to an ecologization of 'the economy'. It is pleaded that environmental policies should used the so-called trickle-down effect to their advantage.

Research Articles Adam Mossoff, Social Philosophy and Policy, FirstView Article.

For the purpose of understanding recent developments in Soviet historiography, it is necessary to consider its philosophical basis in the classic works of Marx and Engels. Especially pertinent are the normative orientations and epistemic foundations of Marxian social science, and the relevance of scientific socialism and historical materialism to the leading principles of not only Marxian historiography, but also political economy. Of basic importance is the dual commitment of socialist humanism to both the common good and the partisan interests of (...) a particular class, and the dual character of materialist dialectics in its effort to be scientifically impartial and intellectually partisan at the same time. Also revealing is the high degree of correlation between "vulgar Marxist" partisanship in the social sciences and ultra-leftist heterodoxy and between "formalism" or "academicism" in social science and revisionist political persuasions. (shrink)

As late twentieth-century discourses of modernity and postmodernity invoke their Enlightenment heritage in a search for the origins of their present achievements and predicaments, Adam Smith's works are still seen as a canonic representative of that heritage. Smith has long been evoked as the ‘father’ of economics and the original proponent of laissez-faire capitalism, but the political changes in recent decades have reconstituted his iconic status. With the full range of Smith's published and unpublished writings and lectures now widely available, (...) there has been a huge growth in the scholarly literature on Smith which has subjected this traditional view to searching questions. The overwhelming conclusion to emerge is that Smith's works display a subtlety and complexity that is at odds with the received image of Smith as the spokesman of modernity, but the diversity of interpretation raises some difficult methodological issues. (shrink)

ABSTRACT: As Smith freed moral philosophy from former control bodies (the Church, the state), the Scottish philosopher opened the field for a scientific political economy. In his Adam Smith. Philosophie et Should then one wonder that his [Smith Mathiots reception in France. Mathiot sought to understand better the using a new character whom he claimed Smith was implicitly sketching, and whom he called . To Mathiots own philosophy.