The age of post-rationality : limits of economic reasoning in the 21st century
By: Colic-Peisker, Val
Title By: Flitney, Adrian
Material type: BookPublisher: Melbourne : Palgrave Macmillan, c2018.Description: xiv, 253 p. : ill. ; 22 cm.ISBN: 9789811062582Subject(s): Rational expectations (Economic theory) -- 21st century | Economics -- 21st centuryDDC classification: 339.015195 CO AG Online resources: Location MapItem type | Home library | Call number | Status | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 339.015195 CO AG (Browse shelf) | Available | T0058953 |
, Shelving location: Main Collection Close shelf browser
339 WA MA Macroeconomics / | 339 WE MA Macroeconometric models | 339.015118 HO ST A study in monetary macroeconomics | 339.015195 CO AG The age of post-rationality : | 339.09 KI MI The microfoundations delusion : | 339.192 MI AD Advanced macroeconomics : | 339.2 CO GL The global economic crisis / |
Includes bibliographical references and index.
Chapter 1. Introduction
Chapter 2. A rational society
Chapter 3. The tyranny of competition
Chapter 4. Hyper-consumption and inequality
Chapter 5. The great gamble of global finance vs. the real economy
Chapter 6. Economic rationality vs. the Earth
Chapter 7. The promise and threat of the Internet age
Chapter 8. Conclusion: Into a bright post-capitalist future?.
This book challenges the hegemonic view that economic calculation represents the ultimate rationality. The West legitimises its global dominance by the claim to be a rational, democratic, science-based and progressive civilisation. Yet, over the past decades, the dogma of economic rationality has become an ideological black hole whose gravitational pull allows no public debate or policy to escape. Political leaders of all creeds are held in its orbit and public language is saturated by it. This dogma has pervaded all spheres of life, ushering the age of post-rationality, especially in English speaking countries. The authors discuss several aspects of post-rational global capitalism still dominated by the Anglosphere: hyper-competition, hyper-consumption, inequality, volatile global financial markets, environmental degradation and the unforeseen effects of the internet-mediated communication revolution. The book concludes by discussing some utopian and dystopian future scenarios and asking whether the West can transcend its crisis of rationality.