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This book confronts today’s challenges of global warming, the protection

of our planet and of its human and other living species. In seeking

solutions, it ranges widely over views about how human societies

function, in particular those of Karl Marx and Friedrich Hayek, who

were among the foremost thinkers of the nineteenth and twentieth

centuries respectively. The book deals fairly and critically with their

ideas in the search for effective methods for tackling today’s problems.

Looking closely at the social philosophies of these two towering figures

whose ideas were to dominate the lives of millions, the book traverses

a range of disciplines from economics and philosophy to morality

and the relationship that exists, or should exist, towards other living

species and the environment. It compares and contrasts the ideas of

Marx and Hayek about the social conditions required for humans to

survive and flourish, and discusses how they conceptualised the heights

to which humanity might aspire. It asks what the ideas of each might

have to contribute to the changes in our thoughts and actions that

must take place if the environment is to be protected, animal species

are to survive and sustainability is to be achieved.

This book will be of particular relevance to students and researchers

in philosophy, sociology, Marxism, economics and to all concerned with

social justice, global warming and planetary sustainability.

Eric Aarons is the author ofMarket versus Nature: the Social Philosophy

of Friedrich Hayek, 2008, published by Australian Scholarly Publishing,

and of What’s Right? published by Rosenberg in 2003. His memoirs

What’s Left? were published in 1993 by Penguin Books, and his first book

Philosophy for an Exploding World: Today’s Values Revolution by Brolga

Books in 1972. A former leading member of the Communist Party of

Australia, he lives in Sydney, Australia.

1 Equilibrium versus
Understanding
Towards the rehumanization of
economics within social theory
Mark Addleson
2 Evolution,Order and Complexity
Edited by Elias L. Khalil and
Kenneth E. Boulding
3 Interactions in Political Economy
Malvern after ten years
Edited by Steven Pressman
4 The End of Economics
Michael Perelman
5 Probability in Economics
Omar F. Hamouda and
Robin Rowley
6 Capital Controversy, Post
Keynesian Economics and the
History of Economics
Essays in honour of Geoff
Harcourt, volume one
Edited by Philip Arestis, Gabriel
Palma and Malcolm Sawyer
7 Markets, Unemployment and
Economic Policy
Essays in honour of Geoff
Harcourt, volume two
Edited by Philip Arestis,
Gabriel Palma and
Malcolm Sawyer
8 Social Economy
The logic of capitalist development
Clark Everling
9 New Keynesian Economics/
Post Keynesian Alternatives
Edited by Roy J. Rotheim
10 The Representative Agent in
Macroeconomics
James E. Hartley
11 Borderlands of Economics
Essays in honour of Daniel R.
Fusfeld
Edited by Nahid Aslanbeigui
and Young Back Choi
12 Value, Distribution and Capital
Essays in honour of
Pierangelo Garegnani
Edited by Gary Mongiovi and
Fabio Petri
13 The Economics of Science
Methodology and epistemology
as if economics really mattered
James R. Wible
14 Competitiveness,LocalisedLearning
and Regional Development
Specialisation and prosperity in
small open economies
Peter Maskell, Heikki Eskelinen,
Ingjaldur Hannibalsson,
Anders Malmberg and Eirik Vatne
15 Labour Market Theory
A constructive reassessment
Ben J. Fine
16 Women and European
Employment
Jill Rubery, Mark Smith,
Colette Fagan,
Damian Grimshaw
17 Explorations in Economic
Methodology
From Lakatos to empirical
philosophy of science
Roger Backhouse
18 Subjectivity in Political Economy
Essays on wanting and choosing
David P. Levine
19 The Political Economy of
Middle East Peace
The impact of competing trade
agendas
Edited by J.W. Wright, Jnr
20 The Active Consumer
Novelty and surprise in con
sumer choice
Edited by Marina Bianchi
21 Subjectivism and Economic
Analysis
Essays in memory of Ludwig
Lachmann
Edited by Roger Koppl and
Gary Mongiovi
22 Themes in Post-Keynesian
Economics
Essays in honour of Geoff
Harcourt, volume three
Edited by Claudio Sardoni and
Peter Kriesler
23 The Dynamics of Technological
Knowledge
Cristiano Antonelli
24 The Political Economy of Diet,
Health and Food Policy
Ben J. Fine
25 The End of Finance
Capital market inflation, financial
derivatives and pension fund
capitalism
Jan Toporowski
26 Political Economy and the New
Capitalism
Edited by Jan Toporowski
27 Growth Theory
A philosophical perspective
Patricia Northover
28 The Political Economy of the
Small Firm
Edited by Charlie Dannreuther
29 Hahn and Economic
Methodology
Edited by Thomas Boylan and
Paschal F. O’Gorman
30 Gender, Growth and Trade
The miracle economies of the
postwar years
David Kucera
31 Normative Political Economy
Subjective freedom, the market
and the state
David Levine
32 Economist with a Public
Purpose
Essays in honour of John
Kenneth Galbraith
Edited by Michael Keaney
33 Involuntary Unemployment
The elusive quest for a theory
Michel De Vroey
34 The Fundamental Institutions of
Capitalism
Ernesto Screpanti
35 Transcending Transaction
The search for self generating
markets
Alan Shipman
36 Power in Business and the State
An historical analysis of its
concentration
Frank Bealey
37 Editing Economics
Essays in honour of Mark Perlman
Hank Lim, Ungsuh K. Park and
Geoff Harcourt
38 Money, Macroeconomics and
Keynes
Essays in honour of Victoria
Chick, volume one
Philip Arestis, Meghnad Desai
and Sheila Dow
39 Methodology, Microeconomics
and Keynes
Essays in honour of Victoria
Chick, volume two
Philip Arestis, Meghnad Desai
and Sheila Dow
40 Market Drive and Governance
Reexamining the rules for
economic and commercial contest
Ralf Boscheck
41 The Value of Marx
Political economy for
contemporary capitalism
Alfredo Saad Filho
42 Issues in Positive Political
Economy
S. Mansoob Murshed
43 The Enigma of Globalisation
A journey to a new stage of
capitalism
Robert Went
44 The Market
Equilibrium, stability, mythology
S. N. Afriat
45 The Political Economy of Rule
Evasion and Policy Reform
Jim Leitzel
46 Unpaid Work and the Economy
Edited by Antonella Picchio
47 Distributional Justice
Theory and measurement
Hilde Bojer
48 Cognitive Developments in
Economics
Edited by Salvatore Rizzello
49 Social Foundations of Markets,
Money and Credit
Costas Lapavitsas
50 Rethinking Capitalist
Development
Essays on the economics of
Josef Steindl
Edited by Tracy Mott and
Nina Shapiro
51 An Evolutionary Approach to
Social Welfare
Christian Sartorius
52 Kalecki’s Economics Today
Edited by Zdzislaw L. Sadowski
and Adam Szeworski
53 Fiscal Policy from Reagan to
Blair
The left veers right
Ravi K. Roy and Arthur T.
Denzau
54 The Cognitive Mechanics of
Economic Development and
Institutional Change
Bertin Martens
55 Individualism and the Social
Order
The social element in liberal
thought
Charles R. McCann Jnr.
56 Affirmative Action in the United
States and India
A comparative perspective
Thomas E. Weisskopf
57 Global Political Economy an
the Wealth of Nations
Performance, institutions,
problems and policies
Edited by Phillip Anthony O’Hara
58 Structural Economics
Thijs ten Raa
59 Macroeconomic Theory and
Economic Policy
Essays in honour of Jean Paul
Fitoussi
Edited by K. Vela Velupillai
60 The Struggle Over Work
The “end of work” and
employment alternatives in
post industrial societies
Shaun Wilson
61 The Political Economy of
Global Sporting Organisations
John Forster and Nigel Pope
62 The Flawed Foundations of
General Equilibrium Theory
Critical essays on economic theory
Frank Ackerman and
Alejandro Nadal
63 Uncertainty in Economic Theory
Essays in honor of David
Schmeidler’s 65th Birthday
Edited by Itzhak Gilboa
64 The New Institutional Economics
of Corruption
Edited by Johann Graf
Lambsdorff, Markus Taube and
Matthias Schramm
65 The Price Index and its Extension
A chapter in economic
measurement
S. N. Afriat
66 Reduction, Rationality and
Game Theory in Marxian
Economics
Bruce Philp
67 Culture and Politics in
Economic Development
Volker Bornschier
68 Modern Applications of
Austrian Thought
Edited by Jürgen G. Backhaus
69 Ordinary Choices
Individuals, incommensurability,
and democracy
Robert Urquhart
70 Labour Theory of Value
Peter C. Dooley
71 Capitalism
Victor D. Lippit
72 Macroeconomic Foundations of
Macroeconomics
Alvaro Cencini
73 Marx for the 21st Century
Edited by Hiroshi Uchida
74 Growth and Development in the
Global Political Economy
Social structures of accumulation
and modes of regulation
Phillip Anthony O’Hara
75 The New Economy and
Macroeconomic Stability
A neo modern perspective
drawing on the complexity
approach and Keynesian
economics
Teodoro Dario Togati
76 The Future of Social Security
Policy
Women, work and a citizens
basic income
Ailsa McKay
77 Clinton and Blair
The political economy of the
third way
Flavio Romano
78 Marxian Reproduction Schema
Money and aggregate demand
in a capitalist economy
A. B. Trigg
79 The Core Theory in Economics
Problems and solutions
Lester G. Telser
80 Economics, Ethics and the
Market
Introduction and applications
Johan J. Graafland
81 Social Costs and Public Action
in Modern Capitalism
Essays inspired by KarlWilliam
Kapp’s theory of social costs
Edited by Wolfram Elsner,
Pietro Frigato and
Paolo Ramazzotti
82 Globalization and the Myths of
Free Trade
History, theory and empirical
evidence
Edited by Anwar Shaikh
83 Equilibrium in Economics:
Scope and Limits
Edited by Valeria Mosini
84 Globalization
State of the art and perspectives
Edited by Stefan A. Schirm
85 Neoliberalism
National and regional
experiments with global ideas
Edited by Ravi K. Roy,
Arthur T. Denzau,
Thomas D. Willett
86 Post-Keynesian
Macroeconomics Economics
Essays in honour of
Ingrid Rima
Edited by Mathew Forstater,
Gary Mongiovi and
Steven Pressman
87 Consumer Capitalism
Anastasios S. Korkotsides
88 Remapping Gender in the New
Global Order
Edited Marjorie Griffin Cohen
and Janine Brodie
89 Hayek and Natural Law
Eric Angner
90 Race and Economic
Opportunity in the
Twenty-First Century
Edited by Marlene Kim
91 Renaissance in Behavioural
Economics
Harvey Leibenstein’s impact on
contemporary economic analysis
Edited by Roger Frantz
92 Human Ecology Economics
A new framework for global
sustainability
Edited by Roy E. Allen
93 Imagining Economics
Otherwise
Encounters with identity/
difference
Nitasha Kaul
94 Reigniting the Labor
Movement
Restoring means to ends in a
democratic labor movement
Gerald Friedman
95 The Spatial Model of Politics
Norman Schofield
96 The Economics of American
Judaism
Carmel Ullman Chiswick
97 Critical Political Economy
Christian Arnsperger
98 Culture and Economic
Explanation
Economics in the US and
Japan
Donald W. Katzner
99 Feminism, Economics and
Utopia
Time travelling through
paradigms
Karin Schönpflug
100 Risk in International Finance
Vikash Yadav
101 Economic Policy and Performance
in Industrial Democracies
Party governments, central
banks and the fiscal monetary
policy mix
Takayuki Sakamoto
102 Advances on Income Inequality
and Concentration Measures
Edited by Gianni Betti and
Achille Lemmi
103 Economic Representations
Academic and everyday
Edited by David F. Ruccio
104 Mathematical Economics and
the Dynamics of Capitalism
Goodwin’s legacy continued
Edited by Peter Flaschel and
Michael Landesmann
105 The Keynesian Multiplier
Edited by Claude Gnos and
Louis Philippe Rochon
106 Money, Enterprise and Income
Distribution
Towards a macroeconomic
theory of capitalism
John Smithin
107 Fiscal Decentralization and
Local Public Finance in Japan
Nobuki Mochida
108 The ‘Uncertain’ Foundations of
Post-Keynesian Economics
Essays in exploration
Stephen P. Dunn
109 Karl Marx’s Grundrisse
Foundations of the critique of
political economy 150 years later
Edited by Marcello Musto
110 Economics and the Price Index
S. N. Afriat and Carlo Milana
111 Sublime Economy
On the intersection of art and
economics
Edited by Jack Amariglio,
Joseph W. Childers and Stephen
E. Cullenberg
112 Popper, Hayek and the Open
Society
Calvin Hayes
113 The Political Economy of Work
David Spencer
114 Institutional Economics
Bernard Chavance
115 Religion, Economics and
Demography
The effects of religion on edu
cation, work, and the family
Evelyn L. Lehrer
116 Economics, Rational Choice
and Normative Philosophy
Edited by Thomas A. Boylan
and Ruvin Gekker
117 Economics Versus Human
Rights
Manuel Couret Branco
118 Hayek Versus Marx
And today’s challenges
Eric Aarons
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