Stop and Look: Economic Pluralism
The more economics wanders into the domain of policy, the more evident it becomes that attention to inferences and judgement is worth the time.
Theory
A New Economics for Health
“Consequently, as technological advances grow and equipment and methods increasingly specialist and narrow, economics ceases to be the simple cost calculus of cost–benefit analysis, neither a market failure threshold for state intervention, nor indeed one that can rely on equilibrium analysis in fast-moving technological domains.”
Economics in Europe: Berlin Wall to the present
In September 1989, the Berlin Wall, separating West Berlin and East Germany, fell. In the subsequent wave of enthusiasm, a new political economy of Europe took shape.
Values and the neo-Schumpeterians
“We argue that such value-neutrality requires closer analysis because the neo-Schumpeterian thinkers do appear to acknowledge that capitalism itself is an uneven, dynamic process. The relationship between the vital dynamism of such analysis of technological change and the context of its description of power relations and value deserves further attention.”