Altered states: Cartesian and Ricardian dreams

Erik Reinert (), Monica Di Fiore, Andrea Saltelli and Jerome R. Ravetz

Chapter 4 in A Modern Guide to Uneven Economic Development, 2023, pp 108-134 from Edward Elgar Publishing

Abstract: Economics and science are both experiencing crises. These crises have more in common than it might seem, apart from the banal - albeit contested fact - that economics itself is a science. Among the various readings of the crisis of science, behind a dystopian system of incentives and bad practices leading to the so-called reproducibility crisis, one can see the unravelling of the Cartesian dream of power, prediction, and control of man over nature made possible by natural philosophy. Economics has its share of irreproducible results, and economists suffer under the same publish-or-perish culture as other scientists. Yet, in the reading of the specific features of the crisis in economics, the element of ideology is more prevalent: economics would no longer get it right, as its lenses would be those of a neoliberal ideology and of an associated simplified vision of what economics is about. The role of markets in this vision is of paramount importance, so it would not be inappropriate to call this the crisis of the Ricardian dream. In this paper, we investigate what the Cartesian and the Ricardian dreams have in common and discuss what this would imply for our understanding of present-day science and economics.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781788976541/9781788976541.00011.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18717_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().