There's No Such Thing as "The Economy": Essays on Capitalist Value

Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, “the economy.” Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of mor...

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প্রধান লেখক: Chambers, Samuel A.
বিন্যাস: Online
ভাষা:ইংরেজি
প্রকাশিত: punctum books 2021
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অনলাইন ব্যবহার করুন:1004701
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author Chambers, Samuel A.
author_browse Chambers, Samuel A.
author_facet Chambers, Samuel A.
author_sort Chambers, Samuel A.
collection Directory of Open Access Books
description Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, “the economy.” Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls “the economy”; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the “positive economics” spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there’s no such thing as “the economy.” To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.
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spelling doab-20.500.12854ir-306962025-07-30T10:21:45Z There's No Such Thing as "The Economy": Essays on Capitalist Value Chambers, Samuel A. economics financial crisis capitalism Wells Fargo ethics Marxism political economy Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, “the economy.” Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls “the economy”; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the “positive economics” spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there’s no such thing as “the economy.” To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value. 2021-02-10T12:58:18Z 2019-03-26 23:55 2020-01-23 14:09:07 2020-04-01T10:37:39Z 2018 book 1004701 OCN: 1100491572 http://library.oapen.org/handle/20.500.12657/25394 9781947447905 9781947447899 https://directory.doabooks.org/handle/20.500.12854/30696 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-ShareAlike 4.0 International Attribution-NonCommercial-ShareAlike 4.0 International Attribution-NonCommercial-ShareAlike 4.0 International Attribution-NonCommercial-ShareAlike 4.0 International Attribution-NonCommercial-ShareAlike 4.0 International https://library.oapen.org/bitstream/20.500.12657/25394/1/1004701.pdf https://library.oapen.org/bitstream/20.500.12657/25394/1/1004701.pdf https://library.oapen.org/bitstream/20.500.12657/25394/1/1004701.pdf https://library.oapen.org/bitstream/20.500.12657/25394/1/1004701.pdf https://library.oapen.org/bitstream/20.500.12657/25394/1/1004701.pdf punctum books 10.21983/P3.0236.1.00 10.21983/P3.0236.1.00 12970da4-0116-4486-b8be-fc9756703ab1 9781947447905 9781947447899 ScholarLed 166 Brooklyn, NY open access
spellingShingle economics
financial crisis
capitalism
Wells Fargo
ethics
Marxism
political economy
Textbook
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
Chambers, Samuel A.
There's No Such Thing as "The Economy": Essays on Capitalist Value
title There's No Such Thing as "The Economy": Essays on Capitalist Value
title_full There's No Such Thing as "The Economy": Essays on Capitalist Value
title_fullStr There's No Such Thing as "The Economy": Essays on Capitalist Value
title_full_unstemmed There's No Such Thing as "The Economy": Essays on Capitalist Value
title_short There's No Such Thing as "The Economy": Essays on Capitalist Value
title_sort there s no such thing as the economy essays on capitalist value
topic economics
financial crisis
capitalism
Wells Fargo
ethics
Marxism
political economy
Textbook
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
topic_facet economics
financial crisis
capitalism
Wells Fargo
ethics
Marxism
political economy
Textbook
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
url 1004701
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