The Discretionary Economy: A Normative Theory of Political
ISBN: , SKU: , AUTHOR: Tool, Marc R., PUBLISHER: Westview Press, The Discretionary Economy argues that we do in fact control our own political ong>andong> economic destinies. As a community, we have discretion over policies that determine whether an economic process adequately provides for the necessities of life. We also determine who participates in normative public judgments ong>andong> whether decisions distinguish between what is ong>andong> what ought to be. Tool argues that we must continuously organize the institutional structures through which economic ong>andong> political functions in the social process are carried on. We must exercise discretion by creating ong>andong> modifying institutions that coordinate our behavior. To exercise discretion effectively requires that we employ distinctively American economic, political, ong>andong> philosophical theory. In this volume, the pivotal twentieth-century contributors to this encompassing theory of political economy are Thorstein Veblen, John Dewey, Clarence Ayres, ong>andong> R. Fagg Foster. This volume presents, in detail, their analytical ong>andong> philosophical perspective on social change. A major purpose of this volume is to compare ong>andong> contrast the American tradition with the traditions of capitalism, ong>Marxismong>, ong>andong> fascism, demonstrating that the former can resolve compelling economic ong>andong> political problems ong>andong> the latter two cannot. This book explains how to identify ong>andong> analyze social, economic, ong>andong> political problems confronted in all communities, ong>andong> how to go about framing ong>andong> implementing structural adjustments in the political economy. It will be of interest to students in non-traditional courses in political economy including institutional economics, contemporary social problems, economics ong>andong> social policy, methodology, ong>andong>contemporary economic thought.