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- DescriptionMainstream ecomics almost completely igres the role power plays in determining ecomic outcomes, which means it can only provide partial explanations of the distribution of wealth and income, and of the problems associated with inequality and poverty. For many, this is a fundamental failing that severely limits its relevance to the real world and is the source of much dissatisfaction with, and cynicism about, ecomics and ecomists. Ozanne explains how this neglect of power has come about over the past 150 years and why it is important. He reviews various definitions and theories of power from across the social sciences and proposes a new approach that could bring considerations of power back into standard ecomic theory and ecomics teaching. The approach is simple and intuitive, involving little more than re-envisioning the social welfare function as a 'political ecomy function'. However, if adopted in ecomics teaching, it could radically change the way young ecomists are taught to think about ecomic problems and lead to a 'return to political ecomy'.
- Author BiographyAdam Ozanne has degrees in physics and astronomy, rural development, and agricultural economics. He also began a DPhil in nuclear astrophysics but abandoned it and went instead to teach maths and physics in Pakistan and work for a Third World development agency. He is now a Senior Lecturer teaching economics at the University of Manchester, UK.
- Author(s)Adam Ozanne,Klaus Zimmer
- PublisherPalgrave Macmillan
- Date of Publication12/11/2015
- SubjectEducation & Teaching
- Place of PublicationBasingstoke
- Country of PublicationUnited Kingdom
- ImprintPalgrave Pivot
- Content Notebiography
- Weight291 g
- Width140 mm
- Height216 mm
- Spine10 mm
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