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This book is in equal parts a treatise on morality and economics, a critique of neoclassical orthodoxy, a brief for replacing mainstream economics with a radical political economics, and an argument for the abandonment of neoliberal capitalism in favor of democratic socialism.
Ron P. Baiman teaches economics in the MBA program at Benedictine University, USA. He has written numerous academic and policy papers, served for many years on the Editorial Board of the Review for Radical Political Economics, and co-authored and co-edited the Choice award-winning collection, Political Economy and Contemporary Capitalism.
Table of ContentsAcknowledgements.- List of Figures.- Part I: 1 Introduction.- 2 The Philosophy and Science of Morality.- 3 Economics as a Moral Science.- Part II: 4 The Supply and Demand Story: A Dystopian Counter Factual.- 5 Ghost Curve Ideology: The Supply Curve Generally Does Not Exist So Why is it a Core Concept in Almost Every Economics Text Book?.- 6 Aggregate Supply and Demand in the Macroeconomy: An Ill-Defined and Misapplied Fiction.- 7 The Money Supply and Demand Market: The Greatest Myth of them All.- 8 The International “Free Market” for Trade and Investment: Capital’s Global Power Play.- Part III: 9 Equity cannot be Separated from Efficiency.- 10 From Amoral High Theory to Immoral Applied Theory.- 11 The Morality of Radical Economics.- Conclusion.- Bibliography