Economic Indeterminacy: A personal encounter with the economists' peculiar nemesis

1st Edition

Yanis Varoufakis

Routledge
Published June 9, 2015
Reference - 366 Pages - 42 B/W Illustrations
ISBN 9781138923034 - CAT# Y202586
Series: Routledge Frontiers of Political Economy

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Summary

This volume is a collection of some of the best and most influential work of Yanis Varoufakis. The chapters all address the issue of economic indeterminacy, and the place of a socialized Homo Economicus within the economy. The book addresses Varoufakis’ key interpretation regarding the way in which neoclassical economics deals with the twin problems of complexity and indeterminacy. He argues that all neoclassical modelling revolves around three meta-axioms: Methodological individualism, Methodological instrumentalism and the Methodological Imposition of Equilibrium.

Each chapter in preceded by an introduction, which explains its place within the overarching theme of the book. The volume also includes a lengthy introduction, plus a concluding chapter focusing on the future of economics. It will be a key work for all students and researchers in the field of political economy and economic methodology.

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