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The Invisible Foot

Author

Listed:
  • Robin Hahnel

    (Emeritus, American University, Washington DC, USA
    Portland State University, Portland OR, USA)

Abstract

This article pays homage to E. K. Hunt who was a founding member of URPE who helped build chapters on several campuses in western states. Much of the author’s own research work over the past forty years was an attempt to strengthen criticisms Hunt voiced long ago about markets and blind spots in mainstream economic theory. The article reviews work inspired by Hunt regarding externalities, endogenous preferences, the Coase theorem, and an alternative to the market system known as participatory planning.

Suggested Citation

  • Robin Hahnel, 2014. "The Invisible Foot," Review of Radical Political Economics, Union for Radical Political Economics, vol. 46(1), pages 70-86, March.
    • Handle: RePEc:sae:reorpe:v:46:y:2014:i:1:p:70-86
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    More about this item

    Keywords

    externalities; endogenous preferences; Coase theorem; participatory planning;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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