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The Empire of Value: A New Foundation for Economics
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An argument that conceiving of economic value as a social force makes it possible to develop a new and more powerful theory of market behavior.
With the advent of the 2007–2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradi...
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