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The Romantic Economist: Imagination in Economics
 
 
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The Romantic Economist: Imagination in Economics [Paperback]

Richard Bronk
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Product details

  • Paperback: 402 pages
  • Publisher: Cambridge University Press; 1 edition (2 Feb 2009)
  • Language English
  • ISBN-10: 0521735157
  • ISBN-13: 978-0521735155
  • Product Dimensions: 22.8 x 16.5 x 1.8 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Bestsellers Rank: 312,013 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Richard Bronk
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Review

'The Romantic Economist is a miracle, combining sophisticated economics with, of all things, sophisticated literary criticism - in aid of the economics. An economics that recognized our Wordsworthian selves, Richard Bronk argues in a lucid and learned style, would do much better at the analysis of getting and spending. The world is too much with us if we do not have a humanistic science of economics. Bronk is among the handful of modern students of the economy who sees this clear. Literary folk can learn from Bronk about the dismal science. But it is the tribe of the Econ who need him most. Fortunately they will find the needful assignment here a delight.' Deirdre McCloskey, author of The Bourgeois Virtues: Ethics for an Age of Commerce (2006)

'Bronk's The Romantic Economist is a highly original exploration of the ways in which an understanding of the Romantic tradition can help enrich and improve our economic thinking. With a rare command of orthodox economics, philosophy and literature, Bronk shows how our view of economic life is shaped by metaphors that limit our vision. Arguing that absorbing some of the insights into human action of Romantic writers enables us to correct these distortions, Bronk liberates economics from the stultifying effects of an over-mechanical view of human action. His book will be read with profit by political theorists, historians of ideas and - not least - practising economists.' John Gray, Emeritus Professor of European Thought, London School of Economics

'This is a truly riveting book which carries one, with wit, analytical sharpness and an unusual clarity of style, through two centuries of Anglo-Saxon debate between political philosophers, political economists, poets and public intellectuals over the nature of economics. … It establishes Richard Bronk as a substantial intellectual in the cultural history of economic thought.' David Soskice, Research Professor of Comparative Political Economy, Oxford University and Research Professor of Political Science, Duke University

'… fascinating new book …' Larry Elliot, Economics Editor, The Guardian

'… a fascinating blast against simplistic maths-based thinking … a very radical book … very persuasive …' Andrew Marr, BBC Radio 4

'… the author makes some sensible points about the limits of conventional economics, as well as some arguments for new methods which in my view would turn it into a different subject entirely - poetry perhaps. … All in all, this is a thought-provoking book for those who like to think about the nature of economics.' The Business Economist

'The Romantic Economist is a thrilling critique of economics. It lays bare the poverty of much mainstream economics and provides a road map to an alternative approach that is both realistic and robust, alongside some revelations about how businesses succeed.' Victor Smart, Head of Corporate Communications at the Chartered Institute of Management Accountants (CIMA)

'Richard Bronk's examination of economic history provides timely and useful food for thought, taking an intriguing approach to multi-disciplinary thinking that could just save twenty-first-century economics.' International Affairs

'… this is a book that can be usefully read by all economists. It is a book full of insight, imagination, and erudition. It is a book that contains some superb object lessons and reflections that could significantly improve the ability of economists to communicate with noneconomists and also help them to better apply their science to real-world problems.' David Colander, Christian A. Johnson Distinguished Professor of Economics, Middlebury College

'Richard Bronk speaks to and skilfully brings together the worlds of economics and literary criticism. It is impressive how much insight he has into both fields. This is one of the best books I have read in years.' Professor Sevket Pamuk, European Institute, London School of Economics and Political Science

'An original and more revolutionary than it gives itself credit for critique of the standard neo-classical economics, this volume draws inspiration from the thinkers and writers of Romanticism in order to improve the breadth, depth and validity of economic theorising. Breathtakingly erudite and remarkably clear in its argument, it's certainly not for everybody, but a must for all policy practitioners, highly recommended for economists and worth checking out for anybody interested in social sciences.' Magda Healey, The Bookbag

'The argument is bold, important and, of course, timely. … extraordinary … Bronk has perhaps sown the seeds of a new paradigm in economics, or at least the possibility of multiparadigmacy.' Journal of Cultural Economy

'Bronk manages the exceptional feat of being fair and clear in expounding economic theories and the Romantic literature and philosophy.' Panoeconomicus

'The Romantic Economist is a useful book in pleading the case for greater interdisciplinarity between economics and the arts and social sciences and it provides a strong range of arguments for the further use of imagination by economists.' The Irish Times

'Economists must be immersed in literature and culture in order to understand the societies they try to explain, Bronk believes. He himself is certainly well versed in Romantic literature and philosophy and has written a scholarly treatise on it.' Times Higher Education

Review

'The Romantic Economist is a miracle, combining sophisticated economics with, of all things, sophisticated literary criticism - in aid of the economics. An economics that recognized our Wordsworthian selves, Richard Bronk argues in a lucid and learned style, would do much better at the analysis of getting and spending. The world is too much with us if we do not have a humanistic science of economics. Bronk is among the handful of modern students of the economy who sees this clear. Literary folk can learn from Bronk about the dismal science. But it is the tribe of the Econ who need him most. Fortunately they will find the needful assignment here a delight.' Deirdre McCloskey, author of The Bourgeois Virtues: Ethics for an Age of Commerce (2006) 'Bronk's The Romantic Economist is a highly original exploration of the ways in which an understanding of the Romantic tradition can help enrich and improve our economic thinking. With a rare command of orthodox economics, philosophy and literature, Bronk shows how our view of economic life is shaped by metaphors that limit our vision. Arguing that absorbing some of the insights into human action of Romantic writers enables us to correct these distortions, Bronk liberates economics from the stultifying effects of an over-mechanical view of human action. His book will be read with profit by political theorists, historians of ideas and - not least - practising economists.' John Gray, Emeritus Professor of European Thought, London School of Economics 'This is a truly riveting book which carries one, with wit, analytical sharpness and an unusual clarity of style, through two centuries of Anglo-Saxon debate between political philosophers, political economists, poets and public intellectuals over the nature of economics. ... It establishes Richard Bronk as a substantial intellectual in the cultural history of economic thought.' David Soskice, Research Professor of Comparative Political Economy, Oxford University and Research Professor of Political Science, Duke University '... fascinating new book ...' Larry Elliot, Economics Editor, The Guardian '... a fascinating blast against simplistic maths-based thinking ... a very radical book ... very persuasive ...' Andrew Marr, BBC Radio 4 '... the author makes some sensible points about the limits of conventional economics, as well as some arguments for new methods which in my view would turn it into a different subject entirely - poetry perhaps. ... All in all, this is a thought-provoking book for those who like to think about the nature of economics.' The Business Economist 'The Romantic Economist is a thrilling critique of economics. It lays bare the poverty of much mainstream economics and provides a road map to an alternative approach that is both realistic and robust, alongside some revelations about how businesses succeed.' Victor Smart, Head of Corporate Communications at the Chartered Institute of Management Accountants (CIMA) 'Richard Bronk's examination of economic history provides timely and useful food for thought, taking an intriguing approach to multi-disciplinary thinking that could just save twenty-first-century economics.' International Affairs '... this is a book that can be usefully read by all economists. It is a book full of insight, imagination, and erudition. It is a book that contains some superb object lessons and reflections that could significantly improve the ability of economists to communicate with noneconomists and also help them to better apply their science to real-world problems.' David Colander, Christian A. Johnson Distinguished Professor of Economics, Middlebury College 'Richard Bronk speaks to and skilfully brings together the worlds of economics and literary criticism. It is impressive how much insight he has into both fields. This is one of the best books I have read in years.' Professor Sevket Pamuk, European Institute, London School of Economics and Political Science 'An original and more revolutionary than it gives itself credit for critique of the standard neo-classical economics, this volume draws inspiration from the thinkers and writers of Romanticism in order to improve the breadth, depth and validity of economic theorising. Breathtakingly erudite and remarkably clear in its argument, it's certainly not for everybody, but a must for all policy practitioners, highly recommended for economists and worth checking out for anybody interested in social sciences.' Magda Healey, The Bookbag 'The argument is bold, important and, of course, timely. ... extraordinary ... Bronk has perhaps sown the seeds of a new paradigm in economics, or at least the possibility of multiparadigmacy.' Journal of Cultural Economy 'Bronk manages the exceptional feat of being fair and clear in expounding economic theories and the Romantic literature and philosophy.' Panoeconomicus 'The Romantic Economist is a useful book in pleading the case for greater interdisciplinarity between economics and the arts and social sciences and it provides a strong range of arguments for the further use of imagination by economists.' The Irish Times 'Economists must be immersed in literature and culture in order to understand the societies they try to explain, Bronk believes. He himself is certainly well versed in Romantic literature and philosophy and has written a scholarly treatise on it.' Times Higher Education

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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Paperback
As the author concedes "it might seem a tall order to make Romantic
philosophising...applicable to economics". But that is precisely what The Romantic Economist sets out to do. It is very possibly the only book to talk about Coleridge, Herder and Kant and international accounting standards in the same breath. Yet anyone reading this remarkable book will find any initial scepticism confounded.

The Romantic Economist is a closely argued and intriguing critique on
economics in its narrower, reductivist forms. It is a plea for economics to absorb psychological and other insights to widen its perspective as a discipline, thereby making it more robust. Bronk's is a learned book, the tone is always patient, measured and accessible. And it is never against economics, and certainly not business. He might well have found a wider audience if he had been shriller and sacrificed his reliance on a vast array of academic sources. But one of the books great virtues is that each chapter is designed to be self-standing.

Business readers can head straight for chapters such as "Economics and
the nation state". This carries one of the most enlightening
analyses of why one sort of capitalism may suit one country but not
another - why Germany is so brilliant at cars and the US at iPods. He also has fascinating things to say about what makes a successful entrepreneur - an ambiguous mixture of empathy with the customer and driven self-interest.

Bronk wants to heal the rift between economics and imagination. His book shows that operating outside the silos of academic disciplines takes daring, but for those with the inclination can be vastly rewarding.
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1 of 1 people found the following review helpful
Start from here! 4 April 2009
Format:Paperback
Once in a blue moon you find a book so lucid and enlightening that you read it with a growing sense of gratitude. Bronk, miraculously, combines rigorous economic, philosophical, cultural and literary analysis to explain how it is that economics `got this way' and, most unusually, he offers robust ideas on how to improve it. The Romantic Economist explains the evolution of our economic understanding and offers a systematic account of why contemporary strategies are failing. The second half of the book examines how we might develop a more humane and sustainable approach to what economists would better understand as the instrinsically `political' economy. I thought this book was both panoramic and stunningly imaginative; it provided answers to questions that have bothered me for twenty years and a wish that everyone could read it - hence the review.... The title is precise: Bronk considers the losses to economics as a worldly discipline when it deafened itself to the Romantic critique with which it once engaged - a critique that emphasised imagination, creativity and emotion in human motivation (financial crisis anyone?). But there is nothing romantic about this book in the sense of `fanciful' - it is the combination of scholarly rigour and worldliness that makes it brilliant. I think all social scientists would find this book indispensable and economists in particular may find it fair, devastating and inspiring in equal measure. Anyone who wanted to educate themselves about economic thinking could start here, safe in the knowledge that this is as wise a guide to contemporary capitalism as they are ever likely to find.
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1 of 1 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
Many people regard economics with dread. The phrase "dismal science" keeps coming up, not least because it seems to justify the worst of human nature by reducing everything to efficiency and money.

In this book Richard Bronk argues that economics itself is partly to blame for this. In trying to make itself a science like physics, it has emphasized a mechanical version of economic motivation. This, he explains, does not properly explain the motivation of people he has met in the business world. Many of them are engaged in creative acts which are subject to cultural, emotional and imagenal factors as much as rational calculations expected to generate profit.

To take this side of human nature into economics, he argues, there is much the subject could learn from writers, poets and thinkers from the romantic era. Thus in this book thinkers such as Coleridge, Wordsworth, Nietzsche mix with economists such as Keynes, Adam Smith and J.S. Mill.

One can see this thesis being greeted with scepticism by economists who prefer to stick with their scientific aspirations. Yet, the book is well written. Bronk argues his case with precision and scholarship demonstrating a considerable knowledge of his subject. He shows what economics would gain from such an approach.

This argument deserves a hearing. Highly recommended for people with an interest in economics and human nature. Also worth a look for people of an artistic temperament who think economics has nothing to say for them.
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