ANTH 3220 Lecture Notes - Lecture 13: John Stuart Mill, Paul Krugman, Substantivism
24 Jan 2017
School
Department
Course
Professor
Document Summary
Week 13 - the rise of economic man" and neoclassical economics. Rise of economics (as discipline and science) Particular way of understanding human economic activity. Comprehend the difference between formalist and substantivist methods. Developed by adam smith, david ricardo, john stuart mill, and others - adam smith"s the. Importance of economic growth and trade (david ricardo: idea of comparative advantage or mutual bene t from trade) - development globalization, increasing trade. These theories came before industrial capitalism and complex economies - notion of a level playing eld. Idealized free market (nostalgic of a credit economy) Neoclassical economics re ned perspective on economic man". Reality is very different - not really ideal - not an even playing eld - hierarchy. A science of economics is seen to be created. Natural laws can be found by economists (laws of human behaviour) Economies can be scienti cally measured and understood. Economic man" is this assumption of how human beings are motivated.
