Mainstream economics is mired in assumptions divorced from any real life practice, and builds model on those flawed assumptions. Luckily, there has been a growing movement to bring back realism into economics, and that includes attention for sharing behaviours. The Post-Autistic Economics movement is oneÂ of itsÂ expressions, so the following book is very importat to peer to peer theory.
The PAE Network started in France and has spread first to Cambridge and then other parts of the world. The name derives from the fact that mainstream economics has been accused of institutional autism; i.e., qualitative impairment of social interaction, failure to develop peer relationships and lack of emotional and social reciprocity. In short, economics has lost touch with reality and has become way too abstract.
From time to time, disciplines need to be, and in fact are, shaken up and virtually reconstituted.Â This seems to be especially true of the social sciences, where Economics lives in a kind of halfway house haunted by spectres of its venerable bearded ancestors, which the parents pretend never existed.Â However, like third generation immigrants, the new students want to know more about their roots, especially with regard to the deeply humanistic ethos which informed the discipline in its earliest days.
This provocative book charts the impact the PAE Network has had so far and constitutes a manifesto for a different kind of economics – it features key contributions from all the major voices in heterodox economics including Tony Lawson, Deirdre McCloskey, Geoff Hodgson, Sheila Dow and Warren Samuels.