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Robin Hahnel's ABCs of Political Economy - A Modern Approach

Robin Hahnel's ABCs of Political Economy - A Modern Approach



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Published by CheBrandesT
Introduction to Radical Political Economy
Introduction to Radical Political Economy

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Published by: CheBrandesT on Aug 17, 2008
Copyright:Attribution Non-commercial


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 List of Illustrations
1Economics and Liberating Theory
1People and Society1The Human Center2The Laws of Evolution Reconsidered2Natural, Species, and Derived Needs and Potentials4Human Consciousness5Human Sociability6Human Character Structures7The Relation of Consciousness to Activity8The Possibility of Detrimental Character Structures9The Institutional Boundary10Why Must There Be Social Institutions? 11Complementary Holism13Four Spheres of Social Life13Relations Between Center, Boundary and Spheres15Social Stability and Social Change16Agents of History17
2What Should We Demand from Our Economy?
20Economic Justice20Increasing Inequality of Wealth and Income20Different Conceptions of Economic Justice24Conservative Maxim 124Liberal Maxim 228Radical Maxim 330Efficiency31The Pareto Principle32The Efficiency Criterion33Seven Deadly Sins of Inefficiency37Endogenous Preferences38Self-Management40Solidarity41
Variety42Environmental Sustainability43Conclusion44
3A Simple Corn Model
45A Simple Corn Economy45Situation 1: Inegalitarian Distribution of Scarce Seed Corn49Autarky50Labor Market50Credit Market54Situation 2: Egalitarian Distribution of Scarce Seed Corn57Autarky57Labor Market58Credit Market59Conclusions from the Simple Corn Model60Generalizing Conclusions63Economic Justice in the Simple Corn Model67
4Markets: Guided by an Invisible Hand or Foot?
71How Do Markets Work?71What is a Market?71The Lawof Supply72The Lawof Demand72The Lawof Uniform Price75The Micro Lawof Supply and Demand75Elasticity of Supply and Demand79The Dream of a Beneficent Invisible Hand80The Nightmare of a Malevolent Invisible Foot84Externalities: The Auto Industry85Public Goods: Pollution Reduction88The Prevalence of External Effects91Snowballing Inefficiency96Market Disequilibria97Conclusion: Market Failure is Significant99Markets Undermine the Ties that Bind Us99
5Micro Economic Models
103The Public Good Game103The Price of Power Game106The Price of Patriarchy109Conflict Theory of the Firm111
viThe ABCs of Political Economy

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