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Rights, Action, and Social Responsibility: Public debates surrounding immigration policy, climate change, international relations, and constitutional and human rights are currently at the forefront of our national discourse. Critical reasoning, supported through academic research is needed. As a result, De Gruyter, along with its partner presses, is making freely available books and journal articles across nine topical areas for all students and faculty. Broadening access to this scholarship enables more people to address these issues in an informed manner: it helps us combat false news sources, to consider the nature of truth and ethics, and to understand the struggles of all members of society
Virtually all large-scale damage to the global environment is caused by economic activities, and the vast majority of economic planners in both business and government coordinate these activities on the basis of guidelines and prescriptions from neoclassical economic theory. In this hard-hitting book, Robert Nadeau demonstrates that the claim that neoclassical economics is a science comparable to the physical sciences is totally bogus and that our failure to recognize and deal with this fact constitutes the greatest single barrier to the timely resolution of the crisis in the global environment. Neoclassical economic theory is premised on the belief that the "invisible hand"-- Adam Smith's metaphor for forces associated with the operation of the "natural laws of economics"--regulates the workings of market economies. Nadeau reveals that Smith's understanding of these laws was predicated on assumptions from eighteenth-century metaphysics and that the creators of neoclassical economics incorporated this view of the "lawful" mechanisms of free-market systems into a mathematical formalism borrowed wholesale from mid-nineteenth-century physics. The strategy used by these economists, all of whom had been trained as engineers, was as simple as it was absurd--they substituted economic variables for the physical variables in the equations of this physics. Strangely enough, this claim was widely accepted and the fact that neoclassical economics originated in a bastardization of mid-nineteenth-century physics was soon forgotten.Nadeau makes a convincing case that the myth that neoclassical economic theory is a science has blinded
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