Hands: Visible and Invisible

Author: Daniel D.F.  

Publisher: Springer Publishing Company

ISSN: 1522-3442

Source: Sociological Practice, Vol.4, Iss.3, 2002-09, pp. : 225-243

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Abstract

Theoretical work in linguistics, mathematics, and physics has created changes in academic problem formulation. This meta-analysis presents the nature of the new academic environment using precepts from “New Historicism” to suggest connections with “the New Economy.” The marketplace is often the court of last appeal in conflict resolution. This can be as basic as determining a fair price for a goose in a farmers' market to the disposition of pension funds in an international merger. Economist Lawrence Summers provides insights into theory and practice. Game theory leads from John Nash's “equilibrium point” to modeling in economics. A University of Chicago economist discusses the application of market reforms to Chile. He worked with Chilean economists called “The Chicago Boys.” A call for unification, which includes economics, follows.