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Beyond the invisible hand : groundwork for a new economics

Auteur: Kaushik Basu
Uitgever: Princeton, NJ : Princeton University Press, ©2011.
Editie/Formaat:   Boek : EngelsAlle edities en materiaalsoorten bekijken.
Database:WorldCat
Samenvatting:
One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu
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Soort document: Boek
Alle auteurs / medewerkers: Kaushik Basu
ISBN: 9780691137162 0691137161
OCLC-nummer: 606052869
Beschrijving: xv, 273 pages ; 25 cm
Inhoud: In praise of dissent --
The theory of the invisible hand --
The limits of orthodoxy --
The economy according to law --
Markets and discrimination --
The chemistry of groups --
Contract, coercion, and intervention --
Poverty, inequality, and globalization --
Globalization and the retreat of democracy --
What is to be done?
Verantwoordelijkheid: Kaushik Basu.

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One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if  Meer lezen...

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"Alluring... [Basu's] latest book, subtitled Groundwork for a New Economics, aims to show that many economists have dogmatically accepted capitalist theories as fact and have failed, as a result, to Meer lezen...

 
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schema:description"One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka--in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable--Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair."@en
schema:description"Using analytic tools from mainstream economics, the book challenges some of the precepts and propositions of mainstream economics. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable, and hence worth striving for."@en
schema:description"By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good. --Book Jacket."@en
schema:description"In praise of dissent -- The theory of the invisible hand -- The limits of orthodoxy -- The economy according to law -- Markets and discrimination -- The chemistry of groups -- Contract, coercion, and intervention -- Poverty, inequality, and globalization -- Globalization and the retreat of democracy -- What is to be done?"@en
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