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Economic indeterminacy [electronic resource] : a personal encounter with the economists' peculiar nemesis / Yanis Varoufakis.

By: Material type: TextTextSeries: Routledge frontiers of political economy ; 174.Publication details: New York : Routledge, 2014.Description: xxv, 364 p. : illISBN:
  • 9780203796566 (e-book : PDF)
Subject(s): Genre/Form: Additional physical formats: No titleOnline resources: Also available in print edition.
Contents:
1. Introduction : economic indeterminacy and the dance of the meta-axioms : the dynamic mechanism by which neoclassical economics turns defeat at the hands of indeterminacy into unassailable dominance -- 2. Unity is strength : it is also the cause of indeterminacy regarding the wage and employment preferences of employers and trades unions -- 3. Rational conflict : on the impossibility of a determinate theory of costly disagreement -- 4. No bluffing please, we are economists! Why bluffs and other subversive acts preclude determinate game theoretical analyses -- 5. Bargaining by rules of thumb : when strategic indeterminacy forces the rational negotiator to fall back on myopic rules of thumb -- 6. Marxists and the sirens' song : when disgruntled Marxists reach for neoclassical economics' toolbox they get more than they bargained for -- 7. A theory of solidarity : why indeterminacy is a prerequisite for genuine solidarity -- 8. On the power of what others think : how indeterminacy explodes when our preferences are influenced directly by other people's beliefs -- 9. The social foundations of corruption : on the indeterminate power of what others think -- 10. Evolving morals in the laboratory : the roots of distributional justice principles in indeterminacy -- 11. Evolving domination in the laboratory : the spontaneous creation of hierarchies and the patterned beliefs that support them -- 12. On the distinction between evolution and history : the impossibility of modelling behavioural mutations amongst political animals -- 13. Conclusion : dealing with indeterminacy on the stage of social life.
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Includes bibliographical references and index.

1. Introduction : economic indeterminacy and the dance of the meta-axioms : the dynamic mechanism by which neoclassical economics turns defeat at the hands of indeterminacy into unassailable dominance -- 2. Unity is strength : it is also the cause of indeterminacy regarding the wage and employment preferences of employers and trades unions -- 3. Rational conflict : on the impossibility of a determinate theory of costly disagreement -- 4. No bluffing please, we are economists! Why bluffs and other subversive acts preclude determinate game theoretical analyses -- 5. Bargaining by rules of thumb : when strategic indeterminacy forces the rational negotiator to fall back on myopic rules of thumb -- 6. Marxists and the sirens' song : when disgruntled Marxists reach for neoclassical economics' toolbox they get more than they bargained for -- 7. A theory of solidarity : why indeterminacy is a prerequisite for genuine solidarity -- 8. On the power of what others think : how indeterminacy explodes when our preferences are influenced directly by other people's beliefs -- 9. The social foundations of corruption : on the indeterminate power of what others think -- 10. Evolving morals in the laboratory : the roots of distributional justice principles in indeterminacy -- 11. Evolving domination in the laboratory : the spontaneous creation of hierarchies and the patterned beliefs that support them -- 12. On the distinction between evolution and history : the impossibility of modelling behavioural mutations amongst political animals -- 13. Conclusion : dealing with indeterminacy on the stage of social life.

Also available in print edition.

Mode of access: World Wide Web.

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