The Delusions of Economics

The Misguided Certainties of a Hazardous Science

Bibliographic Data

ID19930814
AuthorsGilbert Rist (corresponding author)
Year2011
Publication date2011-01-01
Open AccessNo
TypeBOOK
VenueThe Delusions of Economics (SOURCE_BOOK)
PublisherZed Books Ltd (PUBLISHER)
DOI10.5040/9781350223059
OpenAlexW4255100215
ISBN9781350223059
Open LibraryOL25231218M
LanguageEN
Citations received7

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

Economics · Epistemology · Irrational number · Neoclassical economics · Perspective (graphical) · Positive economics · Presupposition · Schools of economic thought · Social science · Sociology · Economic Theory and Institutions · Mathematics · Philosophy · Political Economy and Marxism · Economic development · International economics · Neoclassical school of economics

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