Economy and the Future: A Crisis of Faith

Economy and the Future: A Crisis of Faith

Paperback Studies in Violence, Mimesis, and Culture

By (author) Jean-Pierre Dupuy

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  • Publisher: Michigan State University Press
  • Format: Paperback | 194 pages
  • Dimensions: 152mm x 224mm x 20mm | 113g
  • Publication date: 30 November 2014
  • Publication City/Country: East Lansing, MI
  • ISBN 10: 1611861462
  • ISBN 13: 9781611861464
  • Edition statement: Translation
  • Sales rank: 256,091

Product description

A monster stalks the earth--a sluggish, craven, dumb beast that takes fright at the slightest noise and starts at the sight of its own shadow. This monster is the market. The shadow it fears is cast by a light that comes from the future: the Keynesian crisis of expectations. It is this same light that causes the world's leaders to tremble before the beast. They tremble, Jean-Pierre Dupuy says, because they have lost faith in the future. What Dupuy calls Economy has degenerated today into a mad spectacle of unrestrained consumption and speculation. But in its positive form--a truly political economy in which politics, not economics, is predominant--Economy creates not only a sense of trust and confidence but also a belief in the open-endedness of the future without which capitalism cannot function. In this devastating and counterintuitive indictment of the hegemonic pretensions of neoclassical economic theory, Dupuy argues that the immutable and eternal decision of God has been replaced with the unpredictable and capricious judgment of the crowd. The future of mankind will therefore depend on whether it can see through the blindness of orthodox economic thinking.

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Author information

Jean-Pierre Dupuy is Professor of Social and Political Philosophy at the Ecole Polytechnique, Paris, France.

Review quote

From a few simple questions Jean-Pierre Dupuy draws a number of profound insights, not always easy to grasp, that run contrary to the usual interpretation of the recent economic crisis. The trouble is well worth it. --Julie Clarini, Le Monde