Equilibrium versus Understanding: Towards the Rehumanizing of Economics within Social Theory
Sep 1995 · Routledge frontiers of political economy Ibhuku elingu-1 · Routledge
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Equilibrium versus Understanding argues that neo-classical theory is incapable of explaining or understanding human conduct. The author asserts that a different sort of economic theory is required and proposes a hermeneutic one. The book presents a comprehensive description and analysis of the methodologies involved, ultimately rejecting the positi
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Mark Addleson is Associate Professor in the Program on Social and Organisational Learning, George Mason University, Virginia. He has previously taught at the University of the Witwatersrand’s Business School, South Africa and he has also held a directorship in a firm of economics consultants. His publications include contributions on the methodology of Austrian economics and on industrial decentralisation policy.
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