Beyond the Invisible Hand: Groundwork for a New Economics
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, N.J.
Princeton University Press
2010
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| Schlagworte: | |
| Online-Zugang: | Volltext Volltext |
| Beschreibung: | Main 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. 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. 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 |
| Beschreibung: | 1 Online-Ressource (312 S.) |
| ISBN: | 9781400836277 |
| DOI: | 10.1515/9781400836277 |
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| isbn | 9781400836277 |
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| spelling | Basu, Kaushik Verfasser aut Beyond the Invisible Hand Groundwork for a New Economics Princeton, N.J. Princeton University Press 2010 1 Online-Ressource (312 S.) txt rdacontent c rdamedia cr rdacarrier Main 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. 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. 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 Unsichtbare Hand (DE-588)4289206-5 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Wirtschaftliches Verhalten (DE-588)4197971-0 gnd rswk-swf Unsichtbare Hand (DE-588)4289206-5 s Wirtschaftliches Verhalten (DE-588)4197971-0 s Wirtschaftstheorie (DE-588)4079351-5 s 1\p DE-604 https://doi.org/10.1515/9781400836277 Verlag Volltext http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400836277&searchTitles=true Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Basu, Kaushik Beyond the Invisible Hand Groundwork for a New Economics Unsichtbare Hand (DE-588)4289206-5 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Wirtschaftliches Verhalten (DE-588)4197971-0 gnd |
| subject_GND | (DE-588)4289206-5 (DE-588)4079351-5 (DE-588)4197971-0 |
| title | Beyond the Invisible Hand Groundwork for a New Economics |
| title_auth | Beyond the Invisible Hand Groundwork for a New Economics |
| title_exact_search | Beyond the Invisible Hand Groundwork for a New Economics |
| title_full | Beyond the Invisible Hand Groundwork for a New Economics |
| title_fullStr | Beyond the Invisible Hand Groundwork for a New Economics |
| title_full_unstemmed | Beyond the Invisible Hand Groundwork for a New Economics |
| title_short | Beyond the Invisible Hand |
| title_sort | beyond the invisible hand groundwork for a new economics |
| title_sub | Groundwork for a New Economics |
| topic | Unsichtbare Hand (DE-588)4289206-5 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Wirtschaftliches Verhalten (DE-588)4197971-0 gnd |
| topic_facet | Unsichtbare Hand Wirtschaftstheorie Wirtschaftliches Verhalten |
| url | https://doi.org/10.1515/9781400836277 http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400836277&searchTitles=true |
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