Paper $36.95 ISBN: 9781848139220 Published November 2011 For sale in North and South America only
Cloth $134.95 ISBN: 9781848139237 Published November 2011 For sale in North and South America only

The Delusions of Economics

The Misguided Certainties of a Hazardous Science

Gilbert Rist

The Delusions of Economics

Gilbert Rist

Distributed for Zed Books

224 pages | 5.4375 x 8.5 | © 2011  
Paper $36.95 ISBN: 9781848139220 Published November 2011 For sale in North and South America only
Cloth $134.95 ISBN: 9781848139237 Published November 2011 For sale in North and South America only
In The Delusions of Economics, Gilbert Rist presents a radical critique of neoclassical economics from a social and historical perspective. Rather than enter into existing debates between different orthodoxies, Rist instead explores the circumstances that prevailed when economics was 'invented', and the resultant biases that helped forge the construction of economics as a 'science'. In doing so, Rist demonstrates how these various presuppositions are either obsolete or just plain wrong, and that traditional economics is largely based on irrational convictions that are difficult to debunk due to their 'religious' nature. As a result, we are prevented from properly understanding the world around us and dealing with the financial, environmental, and climatic crises that lie ahead.

Provocative and original, this essential book provides incontrovertible proof that the construction of a new economic paradigm - pluralistic, ecologically compatible, grounded in reality - has now become a necessity.
Contents
Introduction
1. Economics between History and Anthropology
2. A Failed Scientific Ambition
3. Homo Oeconomicus: A Dangerous Phantom
4. Exchange
5. The Fairy Tale of Scarcity
6. Utility and Futility
7. Equilibrium
8. The Growth Obsession
9. Growth Objection
10. Economic 'Science' as Religion
11. Towards a New Paradigm?
Conclusion
For more information, or to order this book, please visit http://www.press.uchicago.edu
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