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The ethics of competition

By: Series: Classics in Economics SeriesPublication details: Routledge 2017 LondonDescription: vii, 355 p. It includes indexISBN:
  • 9780367201272
Subject(s): DDC classification:
  • 330 K6E8
Summary: The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse. As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists. https://www.routledge.com/The-Ethics-of-Competition/Knight/p/book/9781560009559
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Item type Current library Item location Collection Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 15-A / Slot 532 (0 Floor, West Wing) Non-fiction General Stacks 330 K6E8 (Browse shelf(Opens below)) Available 200366

Table of Contents

Cover
pp Intro-Intro; 1 page
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Half Title
pp i-ii; 2 pages
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Title Page
pp iii-iii; 1 page
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Copyright Page
pp iv-iv; 1 page
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Table of Contents
pp v-vi; 2 pages
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Introduction to the Transaction Edition
pp vii-xxxiv; 28 pages
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Preface
pp 1-2; 2 pages
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Bibliography
pp 3-10; 8 pages
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I Ethics and the Economic Interpretation
pp 11-32; 22 pages
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II The Ethics of Competition
pp 33-67; 35 pages
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III Economic Psychology and the Value Problem
pp 68-96; 29 pages
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IV The Limitations of Scientific Method in Economics
pp 97-139; 43 pages
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V Marginal Utility Economics
pp 140-152; 13 pages
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VI Statics and Dynamics
pp 153-177; 25 pages
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VII Cost of Production and Price over Long and Short Periods
pp 178-208; 31 pages
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VIII Fallacies in the Interpretation of Social Cost
pp 209-228; 20 pages
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IX Value and Price
pp 229-242; 14 pages
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X Interest
pp 243-268; 26 pages
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XI Economic Theory and Nationalism
pp 269-352; 84 pages
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Index
pp 353-355; 3 pages

The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse.

As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists.

https://www.routledge.com/The-Ethics-of-Competition/Knight/p/book/9781560009559

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