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The Delusions of Economics: The Misguided Certainties of a Hazardous Science

The Delusions of Economics: The Misguided Certainties of a Hazardous Science


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About the Book

In The Delusions of Economics, Gilbert Rist presents a radical critique of neoclassical economics from a social and historical perspective. Rather than enter into existing debates between different orthodoxies, Rist instead explores the circumstances that prevailed when economics was 'invented', and the resultant biases that helped forge the construction of economics as a 'science'. In doing so, Rist demonstrates how these various presuppositions are either obsolete or just plain wrong, and that traditional economics is largely based on irrational convictions that are difficult to debunk due to their 'religious' nature. As a result, we are prevented from properly understanding the world around us and dealing with the financial, environmental, and climatic crises that lie ahead. Provocative and original, this essential book provides incontrovertible proof that the construction of a new economic paradigm - pluralistic, ecologically compatible, grounded in reality - has now become a necessity.

Table of Contents:
Introduction 1. Economics between History and Anthropology 2. A Failed Scientific Ambition 3. Homo Oeconomicus: A Dangerous Phantom 4. Exchange 5. The Fairy Tale of Scarcity 6. Utility and Futility 7. Equilibrium 8. The Growth Obsession 9. Growth Objection 10. Economic 'Science' as Religion 11. Towards a New Paradigm? Conclusion

About the Author :
Gilbert Rist is professor emeritus at the Graduate Institute of International and Development Studies in Geneva. He first taught at the University of Tunis, became the Director of the Europe - Third World Centre in Geneva and, later on, Senior Researcher on a United Nations University Project. Afterwards he joined the Graduate Institute of Development Studies where he taught intercultural relations and social anthropology. His main interest is in an anthropological approach of our contemporary society. He is the author of The History of Development : From Western Origins to Global Faith (Zed Books, London, 3rd edition, 2008)

Review :
The book dispels the basic myths of economics and cleverly brings the reader to glimpse a new paradigm. This is a work of sustained blasphemy. It lays bare the absurd assumptions of that lethal religion called 'mainstream economics'. Rist's book undermines the faith at the deepest level. True believers beware! With his new way of thinking of society, Rist makes us relive The work remains a clear and useful antidote to mainstream economic thinking. Drawing on a wealth of historical and anthropological evidence, Professor Rist brilliantly explains how mainstream economic doctrines Gilbert Rist proposes a different way of conceiving of the economy and therefore society A fine, extensive and accessible synthesis, which for that reason one can only hope will be widely read. Rist has put before us a very powerful critique of economics. ... This book is a great contribution to getting beyond the contemporary pseudo-religion of economics and warrants the widest audience and discussion.


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Product Details
  • ISBN-13: 9781848139220
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Zed Books Ltd
  • Height: 216 mm
  • No of Pages: 224
  • Weight: 284 gr
  • ISBN-10: 1848139225
  • Publisher Date: 24 Nov 2011
  • Binding: Paperback
  • Language: English
  • Sub Title: The Misguided Certainties of a Hazardous Science
  • Width: 138 mm


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