Tragic Science

How Economists Cause Harm (Even as They Aspire to Do Good)

Inbunden, Engelska, 2022

AvGeorge F. DeMartino,Professor George F. DeMartino,George F. Demartino

379 kr

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A forceful critique of the social science that has ruled—and damaged—the modern world. The practice of economics, as economists will tell you, is a powerful force for good. Economists are the guardians of the world’s economies and financial systems. The applications of economic theory can alleviate poverty, reduce disease, and promote sustainability. While this narrative has been successfully propagated by economists, it belies a more challenging truth: economic interventions, including those economists deem successful, also cause harm. Sometimes the harm is manageable and short-lived. But just as often the harm is deep, enduring, and even irreparable. And too often the harm falls on those least able to survive it. In The Tragic Science, George F. DeMartino says what economists have too long repressed: that economists do great harm even as they aspire to do good. Economist-induced harm, DeMartino shows, results in part from economists’ “irreparable ignorance”—from the fact that they know far less than they tend to believe they know—and from disciplinary training that treats the human tolls of economic policies and interventions as simply the costs of promoting social betterment. DeMartino details the complicated nature of economic harm, explores economists’ frequent failure to recognize it, and makes a sobering case for professional humility and for genuine respect for those who stand to be harmed by economists’ practice.At a moment in history when the economics profession holds enormous power, DeMartino’s work demonstrates the downside of its influence and the responsibility facing those who practice the tragic science.

Produktinformation

Utgivningsdatum2022-07-26
Mått152 x 230 x 24 mm
Vikt522 g
FormatInbunden
SpråkEngelska
Antal sidor272
FörlagThe University of Chicago Press
ISBN9780226821238

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Företagsekonomi inom Ekonomi och Ledarskap

PrefacePart I: The Tragic ScienceChapter 1. The Tragedy of EconomicsChapter 2. Economic Paternalism, Heroic EconomicsChapter 3. Harm’s ComplexityPart II: The Origins of Econogenic HarmChapter 4. The Unevenness of Econogenic ImpactChapter 5. The Specter of Irreparable IgnoranceChapter 6. Counterfactual Fictions in Economic Explanation and Harm AssessmentPart III: Economic Moral GeometryChapter 7. Managing Harm via Economic Moral GeometryChapter 8. Moral Geometry: An AssessmentChapter 9. Beyond Moral Geometry: Interests, Social Harm, CapabilitiesPart IV: Confronting Econogenic Harm ResponsiblyChapter 10. Economic Harm Profile AnalysisChapter 11. Decision Making under Deep UncertaintyChapter 12. Conclusion: From Reckless to Responsible EconomicsAcknowledgmentsNotesReferencesIndex

"With its reductive view of human nature, economics was called 'the dismal science' in the nineteenth century. Economist George DeMartino prefers 'tragic science,' because so many adherents have been willing to ignore harm in pursuit of growth. 'Their calling validated the imposition of whatever harms were necessary.…to get the job done,' he concludes. Such hubris has been tempered by global financial disasters and climate change, but the profession still requires major reform, he trenchantly argues."

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