© 2019

The Betrayal of Liberal Economics

Volume I: How Economics Betrayed Us


Table of contents

  1. Front Matter
    Pages i-liv
  2. Amos Witztum
    Pages 1-46
  3. Amos Witztum
    Pages 121-216
  4. Back Matter
    Pages 305-332

About this book


The presumed sovereignty of individuals and the facilitating powers of the markets have generated a universal and ethically neutral conception of both social and economic organisation. This ground-breaking text  re-examines the purpose of society and the role of economics in it, arguing that the absence of a beneficial natural order calls for the role of the collective in social and economic life to be revisited. Drawing on some key figures marking milestones in the evolution of social and economic thinking, the author offers a critique of mainstream economics as a way of thinking and as a provider of guiding principles for economic and social organisation. 

Volume I introduces the reader to the emergence of natural order; considers the internal logic of economics and how it managed to be so persuasive in its recommendation for competitive interactions to govern all aspects of social life in all societies and across them; demonstrates that the economic conception of an order which solves society’s economic problem is, in fact, an impossibility that turns the natural phenomenon of markets into a problem rather than an ideal; and, addresses the other apparent appeal of markets: their association with the ideas of freedom and justice.
This is a bold and foundational new work that offers an original and innovative perspective on economics and its challenges, addressing core areas such as behavioural economics, evolutionary game theory and links between social sciences (anthropology, philosophy) and neurosciences.”


Social and economic organisation Competitive decentralisation Human sociality Natural liberty Modern economics Liberal classical economics Classical economics Self-regulating systems Natural liberty Sophistry of growth Material wellbeing Economic markets Civic society Rationality of agents Socioeconomics

Authors and affiliations

  1. 1.Centre for Philosophy of Natural and Social SciencesLondon School of Economics and Political SciencesLondonUK

About the authors

Amos Witztum is a professor of economics who is currently a Research Associate at the Centre for the Philosophy of Natural and Social Sciences at the London School of Economics and Political Sciences, UK.


Bibliographic information

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