Socially Constructed Vocabularies and Assumptions
Authors: Robert E. Mitchell
Argues that economic vocabulary and paradigms are not keeping up with economic changes
Breaks down social constructs around the words "inequality" and "wealth"
Challenges the assumption of value-free economic terms
Tracks how human motivations were understood from biblical through modern times
This Palgrave Pivot demonstrates that the inherited vocabularies of economics and other social sciences contain socially constructed words and theories that bias our very understanding of history and markets, bridging the empirical and moral dimensions of economics in general and inequality in particular. Wealth, GDP, hierarchies, and inequality are socially constructed words infused with moral overtones that academic philosophers and policy analysts have used to raise questions about "fairness" and "justice." This short intellectual and epistemological history explores and elaborates a limited number of key inequality-related terms, concepts, and mental images invented by centuries of economists and others. The author challenges us to question the assumptions made concerning presumably value-free concepts such as inequality, wealth, hierarchies, and the policy goals a nation can be pursuing.
Table of contents
Front Matter
Economists’ Epistemological Challenges
The Trajectory of the First Social Science
An Overview of Socially Constructed Mental Models and Vocabularies
From Metaphor to Fact: The Early History of Creating a New Language of Markets and Economies
Value Judgments Regarding the Meaning of Wealth
Alternative Values and Mental Models: The Recurring Challenge of Inequality
The Long-Standing Interest in the Meanings, Causes, and Consequences of Inequality
Is the Past a Reliable Prologue for the Future of Economics?
Back Matter
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