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Adam's fallacy : a guide to economic theology

Author: Duncan K Foley
Publisher: Cambridge, Mass. : Belknap Press of Harvard University Press, 2006.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Explains the core ideas of the great economists in layman terms, highlighting the economists whose ideas shaped economics on its abstract and more concrete levels.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Foley, Duncan K.
Adam's fallacy.
Cambridge, Mass. : Belknap Press of Harvard University Press, 2006
(DLC) 2006047227
(OCoLC)71266532
Named Person: Adam Smith; Adam Smith; Adam Smith, Philosoph.
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Duncan K Foley
ISBN: 9780674027077 0674027078 9780674419407 0674419405 0674027299 9780674027299
OCLC Number: 651878251
Language Note: In English.
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (xv, 265 pages)
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: Preface --
1. Adam's vision --
The division of labor --
The theory of value --
Capital accumulation --
The invisible hand and the state --
Smith's theory of money --
Adam's fallacy revisited --
2. Gloomy science --
Second thoughts --
Malthus and population --
The context of Malthus's Essay --
Malthus's postulates --
Malthusian logic --
Population and food since Malthus's time --
Ricardo and the limits to growth --
Ricardo's labor theory of value --
Accumulation and the stationary state --
Ricardo's views on machinery --
The political economy of poverty --
3. The severest critic --
Historical materialism --
The commodity and the theory of value --
Capitalist exploitation --
Accumulation and the falling rate of profit --
Primitive accumulation --
The transition to socialism --
Marx and proletarian revolution --
Marxist theory and social change --
4. On the margins --
Adam's fallacy needs new shoes --
Marginalism --
Where do prices come from? --
Marginalism and social welfare --
Marginalism and time --
Veblen and conspicuous consumption. 5. Voices in the air --
John Maynard Keynes --
World capitalism in Keynes's time --
Say's law and laissez-faire --
Labor markets and unemployment --
Expectations and money --
The fate of capitalism --
Complexity vs. collectivism --
The prophet of technology --
6. Grand illusions --
Looking in the mirror --
Two-armed economists --
Escaping Adam's fallacy --
Face to face with Adam's curse --
Reading further --
Appendix --
Demographic equilibrium --
Theories of money and prices --
Ricardo's theory of rent and accumulation --
Decomposition of the value of commodities --
The working day --
Index.
Responsibility: Duncan K. Foley.
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Abstract:

Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest  Read more...

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So what is 'Adam's Fallacy?'...It is the idea that the economic sphere of life constitutes a separate realm 'in which the pursuit of self-interest is guided by objective laws to a socially beneficent Read more...

 
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