The Romantic EconomistThe Romantic Economist

This book argues that economists should look for new techniques in Romantic poetry and philosophy.

Author: Richard Bronk

Publisher: Cambridge University Press

ISBN: 9780521513845


Page: 382

View: 490

Since economies are dynamic processes driven by creativity, social norms, and emotions as well as rational calculation, why do economists largely study them using static equilibrium models and narrow rationalistic assumptions? This book argues that economists should look for new techniques in Romantic poetry and philosophy.

The Romantic EconomistThe Romantic Economist

The Romantic Economist is a bit of an oxymoron. Love and rationality don't mix that well, most of the time. Usually it's the philosophers, psychologists and biologists who tell us about how we fall in love and attract the opposite sex.

Author: William Nicolson

Publisher: Simon and Schuster

ISBN: 9781476730424


Page: 208

View: 245

A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering love life. A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering dating life. “I know that this sounds like a bit of a cliché, but really, it’s not you…” The woman who said this to William Nicolson was funny, talented and unbearably beautiful. His mother said he ought to marry that girl. And he lost her in a personal best time of six weeks. It was when he found himself being dumped like this yet again that he decided something had to be done. William is an economist, which means he’s good at reducing an infinitely complex world into a set of clear, rational principles about the way people and markets behave. Unfortunately, he has never been able to replicate this in the world of romance. Girls confuse him; they’re the very definition of infinite complexity. In this book, he sets out to apply the rules of economics to his shaky love life. For a time, everything seems to be clearer. Want to play hard to get? Reduce your supply. Want a girlfriend? Find an undervalued asset. Why are all the good ones taken? That’ll be the Efficient Market Hypothesis. But things don’t work out quite as he’d hoped, and he’s more isolated than ever. Can he find the perfect economic theory to rescue him from a future of lonely nights, or is the dating game too intricate to be won by logical, rational thinking?

Encyclopedia of the Romantic Era 1760 1850Encyclopedia of the Romantic Era 1760 1850

German economist, linguist, and philosopher MURGER, HENRY 1822‒1862 French writer ... Perhaps this is because Mu ̈ller's “Romanticeconomics embodies many of the values of the postNapoleonic conservative vanguard.

Author: Christopher John Murray

Publisher: Routledge

ISBN: 9781135455798


Page: 1336

View: 989

In 850 analytical articles, this two-volume set explores the developments that influenced the profound changes in thought and sensibility during the second half of the eighteenth century and the first half of the nineteenth century. The Encyclopedia provides readers with a clear, detailed, and accurate reference source on the literature, thought, music, and art of the period, demonstrating the rich interplay of international influences and cross-currents at work; and to explore the many issues raised by the very concepts of Romantic and Romanticism.

Finance at the ThresholdFinance at the Threshold

4.3.2 THE ROMANTIC ECONOMIST As further evidence that economics would gain greatly from a rapprochement with Romanticism, consider Richard Bronk, who spent 1 7 years in the City and was impressed by the role of imagination, ...

Author: Mr Christopher Houghton Budd

Publisher: Gower Publishing, Ltd.

ISBN: 9781409459729


Page: 258

View: 488

Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.

The Economic Crisis and the State of EconomicsThe Economic Crisis and the State of Economics

The end result is The Romantic Economist, published in February 2009 by Cambridge University Press. What I want to focus on here though is just one aspect of the ideas I develop in this context; namely, the lessons we can draw from ...

Author: R. Skidelsky

Publisher: Springer

ISBN: 9780230105690


Page: 123

View: 958

The Economic Crisis and the State of Economics brings together leading economists from a diverse set of backgrounds and presents their take on how economics can explain the current crisis but also how the crisis will affect economic thought.

The Economics of EnoughThe Economics of Enough

Brickman, Phillip, and D. T. Campbell. 1971. “Hedonic Relativism and Planning the Good Society.” In Adaptation Level Theory: A Symposium, ed. M. H. Appley. New York: Academic Press. Bronk, Richard. 2009. The Romantic Economist: ...

Author: Diane Coyle

Publisher: Princeton University Press

ISBN: 9781400838110


Page: 336

View: 283

Why our economy is cheating the future—and what we can do about it The world's leading economies are facing not just one but many crises. The financial meltdown may not be over, climate change threatens major global disruption, economic inequality has reached extremes not seen for a century, and government and business are widely distrusted. At the same time, many people regret the consumerism and social corrosion of modern life. What these crises have in common, Diane Coyle argues, is a reckless disregard for the future—especially in the way the economy is run. How can we achieve the financial growth we need today without sacrificing a decent future for our children, our societies, and our planet? How can we realize what Coyle calls "the Economics of Enough"? Running the economy for tomorrow as well as today will require a wide range of policy changes. The top priority must be ensuring that we get a true picture of long-term economic prospects, with the development of official statistics on national wealth in its broadest sense, including natural and human resources. Saving and investment will need to be encouraged over current consumption. Above all, governments will need to engage citizens in a process of debate about the difficult choices that lie ahead and rebuild a shared commitment to the future of our societies. Creating a sustainable economy—having enough to be happy without cheating the future—won't be easy. But The Economics of Enough starts a profoundly important conversation about how we can begin—and the first steps we need to take.

Cents and SensibilityCents and Sensibility

What Economics Can Learn from the Humanities Gary Saul Morson, Morton Schapiro ... The neglect of culture has inspired Richard Bronk's critique The Romantic Economist.20 Bronk's idea of supplementing economics as presently practiced ...

Author: Gary Saul Morson

Publisher: Princeton University Press

ISBN: 9780691184418


Page: 307

View: 353

In Cents and Sensibility, an eminent literary critic and a leading economist make the case that the humanities—especially the study of literature—offer economists ways to make their models more realistic, their predictions more accurate, and their policies more effective and just. Arguing that Adam Smith’s heirs include Austen, Chekhov, and Tolstoy as much as Keynes and Friedman, Gary Saul Morson and Morton Schapiro trace the connection between Adam Smith’s great classic, The Wealth of Nations, and his less celebrated book on ethics, The Theory of Moral Sentiments. The authors contend that a few decades later, Jane Austen invented her groundbreaking method of novelistic narration in order to give life to the empathy that Smith believed essential to humanity. More than anyone, the great writers can offer economists something they need—a richer appreciation of behavior, ethics, culture, and narrative. Original, provocative, and inspiring, Cents and Sensibility demonstrates the benefits of a dialogue between economics and the humanities and also shows how looking at real-world problems can revitalize the study of literature itself. Featuring a new preface, this book brings economics back to its place in the human conversation.

Economics Culture and Social TheoryEconomics Culture and Social Theory

Brinkman, R.L. and J.E. Brinkman (1997), 'Cultural lag: conception and theory', International Journal of Social Economics, 24(6), 609–27. Bronk, R. (2009), The Romantic Economist: Imagination in Economics, Cambridge: Cambridge ...

Author: William A. Jackson

Publisher: Edward Elgar Publishing

ISBN: 9781849802116


Page: 269

View: 467

. . . the book is excellent in setting out and explaining a fundamental critique of economics one moreover that has been missed by most other current critics of the field. Making this case is an achievement. Hopefully, it will have a greater impact than its author probably expects. Journal of Cultural Economics Economics evolved by perfecting the taking of culture out of its reductionist and virtual world. But culture has recently been reintroduced, both as a sphere of application for an otherwise unchanging methodology and as a weak form of acknowledging that the economic alone is inadequate as the basis even for explaining the economy. This volume is an essential critical starting point for understanding the changing relationship between economics and culture and in offering a more satisfactory and stable union between the two. Ben Fine, University of London, UK Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Orthodox economics has prompted a long line of cultural criticism that goes back to the origins of economic theory and extends to recent debates surrounding postmodernism. William A. Jackson discusses the cultural critique of economics, identifies the main arguments, and assesses their implications. Among the topics covered are relativism and realism, idealism and materialism, agency and structure, hermeneutics, semiotics, and cultural evolution. Drawing from varied literatures, notably social and cultural theory, the book stresses the importance of culture for economic behaviour and looks at the prospects for a renewed and culturally informed economics. The book will be invaluable to heterodox economists and to anyone interested in the links between culture and the economy. It takes an interdisciplinary approach, arguing against the isolation of economics, and will therefore hold wide appeal for social scientists working in related fields, as well as for economists specialising in cultural economics and economic methodology.

The Third WorldThe Third World

One interesting suggestion as to the style that economics should adopt as a discipline post-Friedman and post-credit crisis has been floated by Richard Bronk in his book The Romantic Economist. Bronk thinks it is possible to use the ...

Author: Alireza Salehi-Nejad

Publisher: Titan Inc.

ISBN: 9781312693968


Page: 220

View: 695

Mao Zedong had developed the Three Worlds Theory; however, after the dissolution of Soviet Union, Third World has been used interchangeably with least developed countries and somehow conveys poverty. Nevertheless, the term Third World has also been used to describe some rich countries with very high Gross Domestic Product or even high Human Development Index; therefore, poverty is not always economical, and roots within society. The nature of society is rooted in culture, which is set of ideas, norms, and values; and structure, which is the fundamental organization of society into its institutions, groups, statuses, and roles. While evaluating the difference between “real culture” and “ideal culture”, lead us to understand that cultural values are not always consistent, even within the same society. Global poverty dates back to centuries of plunder and confiscation of land and riches from the indigenous people under the flag of colonialism and exploitation. Over years, exploitation has led the current economic system being funded by the poor through theft of land and natural resources, unfair debt settlement, and unjust taxes on labor and consumption. Social inequality – in sense of distribution of material possessions, money, power, prestige, relationship – whether within societies or among them is a topic at the heart of sociology. The theory of a “Culture of Poverty” describes the combination of factors that perpetuate patterns of inequality and poverty in society. This theory states that living in conditions of prevalent poverty leads to the development of a culture or subculture adapted to those conditions, and characterized by prevalent feelings of vulnerability, dependency, marginality, and feebleness. The myth of the Culture of Poverty, intensifying Cultural Poverty, Cycle of poverty or development trap, insufficiency of materialist information society, necessity of knowledge society, and other key factors in crafting the third world are discussed in this book. “The Third World; Country or People” takes a systematic approach to the analysis of human lives and interactions and evaluates various fields including anthropology, economics, political science, ethnic studies, area studies, gender studies, cultural studies.

Durkheim and National Identity in IrelandDurkheim and National Identity in Ireland

Scientific economics conflated with “national” loss echoed another nineteenthcentury Romantic theme, of an alternative economy: There is even such a thing as Romantic economics, particularly in Germany, in the form, for example, ...

Author: J. Dingley

Publisher: Springer

ISBN: 9781137408426


Page: 211

View: 340

This book examines the development of opposed Nationalist and Unionists identities as products of different economies, symbolically represented in religious differences, that impelled conflicting cultures and ideals of best interest that were fundamentally incompatible within a single identity.