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Market Economies and Natural Laws
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C-René Dominique
ISBN: 0-275-97256-9
ISBN-13: 978-0-275-97256-1
136 pages
Praeger Publishers
Publication: 6/30/2001
List Price: $99.95 (UK Sterling Price: £68.95)
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
Description: The forefathers of neoclassical or conventional economics, beginning with Walras, wanted to build a psycho-mathematical science similar to celestial mechanics. However, during the first half of the last century, they succumbed to the charm of axiomatization: Hence, economics remains a stillborn science. Its theory is plagued with incongruities, generating misleading notions and policies that are detrimental to human welfare and environmental equilibrium. Its truths have significantly low half-lives, and its confused pronouncements have become an open ground in which false consciousness rumble unchallenged. This state of affairs calls for a fundamental revision.

After reviewing the evolution of economics from Antiquity to the present and pointing to its inadequacies, Dominique proposes an alternative formulation which not only sheds light on the enduring features of market economics but also makes economics consistent with physics, the mother of all sciences. This is a challenging revision for scholars, students, and others involved with economic theory.
Table of Contents:
  • Preface
    The Scientificity of Economics: A Stillborn Project
    An Economy without a Rudder
    On the Maturity of Scientific Theories
    What Else Is Blocking Progress in Economics?
    Persistent Growth and Fluctuations
    An Alternative Sub-Theory of Human Choice
    An Alternative Model of the Economy
    Summary and Conclusions
    Bibliography
About the Author: C-RENÉ DOMINIQUE, formerly Professor of Economics at Canada's Laval University, has worked in the private and public sectors and at the Office of Technical Cooperation of the United Nations. Among Professor Dominique's earlier publications is Unfettered Globalization (Praeger, 1999).
LCC Class: 330
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