Start Date
27-4-2012 1:40 PM
End Date
27-4-2012 2:10 PM
Document Type
Presentation
Description
This presentation analyzes the discourse on social costs, focusing on how neoliberal economists in the 1950s and 1960s embarked on the successful project to marginalize the heterodox view that social controls of the economy are a good thing because markets otherwise cause too many social damages. The paper mainly looks at the intellectual project of the institutional economists John M. Clark and K. William Kapp. Both collaborated in the 1940s in crafting the institutional theory of social costs as a critique of the neoclassical theory of costs and externalities (Arthur C. Pigou), as well as the rising post WWII neoliberalism of Mises and Hayek. The latter's neoliberal thought collectively launched its counter attack against institutional economics in the 1950s, with Frank Knight, Ronald Coase and George Stigler leading the way in the discourse on social costs. This presentation shows some of the limitations of the neoliberal argument from a heterodox perspective.
Repository Citation
Berger, Sebastian, "The Discourse on Social Costs: Heterodox vs. Neoliberal Economics" (2012). Social Cost Workshop. 3.
https://corescholar.libraries.wright.edu/social_cost_workshop/2012/april27/3
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The Discourse on Social Costs: Heterodox vs. Neoliberal Economics
This presentation analyzes the discourse on social costs, focusing on how neoliberal economists in the 1950s and 1960s embarked on the successful project to marginalize the heterodox view that social controls of the economy are a good thing because markets otherwise cause too many social damages. The paper mainly looks at the intellectual project of the institutional economists John M. Clark and K. William Kapp. Both collaborated in the 1940s in crafting the institutional theory of social costs as a critique of the neoclassical theory of costs and externalities (Arthur C. Pigou), as well as the rising post WWII neoliberalism of Mises and Hayek. The latter's neoliberal thought collectively launched its counter attack against institutional economics in the 1950s, with Frank Knight, Ronald Coase and George Stigler leading the way in the discourse on social costs. This presentation shows some of the limitations of the neoliberal argument from a heterodox perspective.
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Social Cost Workshop 2012
The Discourse on Social Costs: Heterodox vs. Neoliberal Economics
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Presenter Information
Sebastian Berger, Dickinson College
Start Date
27-4-2012 1:40 PM
End Date
27-4-2012 2:10 PM
Document Type
Presentation
Description
This presentation analyzes the discourse on social costs, focusing on how neoliberal economists in the 1950s and 1960s embarked on the successful project to marginalize the heterodox view that social controls of the economy are a good thing because markets otherwise cause too many social damages. The paper mainly looks at the intellectual project of the institutional economists John M. Clark and K. William Kapp. Both collaborated in the 1940s in crafting the institutional theory of social costs as a critique of the neoclassical theory of costs and externalities (Arthur C. Pigou), as well as the rising post WWII neoliberalism of Mises and Hayek. The latter's neoliberal thought collectively launched its counter attack against institutional economics in the 1950s, with Frank Knight, Ronald Coase and George Stigler leading the way in the discourse on social costs. This presentation shows some of the limitations of the neoliberal argument from a heterodox perspective.
Repository Citation
Berger, Sebastian, "The Discourse on Social Costs: Heterodox vs. Neoliberal Economics" (2012). Social Cost Workshop. 3.
https://corescholar.libraries.wright.edu/social_cost_workshop/2012/april27/3
Transcript - Social Cost - Berger
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The Discourse on Social Costs: Heterodox vs. Neoliberal Economics
This presentation analyzes the discourse on social costs, focusing on how neoliberal economists in the 1950s and 1960s embarked on the successful project to marginalize the heterodox view that social controls of the economy are a good thing because markets otherwise cause too many social damages. The paper mainly looks at the intellectual project of the institutional economists John M. Clark and K. William Kapp. Both collaborated in the 1940s in crafting the institutional theory of social costs as a critique of the neoclassical theory of costs and externalities (Arthur C. Pigou), as well as the rising post WWII neoliberalism of Mises and Hayek. The latter's neoliberal thought collectively launched its counter attack against institutional economics in the 1950s, with Frank Knight, Ronald Coase and George Stigler leading the way in the discourse on social costs. This presentation shows some of the limitations of the neoliberal argument from a heterodox perspective.
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