Beyond the invisible hand :: groundwork for a new economics /
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...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, NJ :
Princeton University Press,
2010.
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource (xv, 273 pages) |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781400836277 1400836271 0691137161 9780691137162 |
Internformat
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| 100 | 1 | |a Basu, Kaushik, |e author. |0 http://id.loc.gov/authorities/names/n79011413 | |
| 245 | 1 | 0 | |a Beyond the invisible hand : |b groundwork for a new economics / |c Kaushik Basu. |
| 260 | |a Princeton, NJ : |b Princeton University Press, |c 2010. | ||
| 300 | |a 1 online resource (xv, 273 pages) | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 520 | |a 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. | ||
| 505 | 0 | |a Cover -- Contents -- Preface -- Chapter 1 In Praise of Dissent -- Discontent and Discourse -- Smith's Myth -- The Lay of the Land -- On Understanding -- Chapter 2 The Theory of the Invisible Hand -- Competition and Social Welfare -- The Standard Critiques -- Chapter 3 The Limits of Orthodoxy -- The Dual Interpretation -- Evolving Feasible Set -- Evolving Preference -- Social Norms and Culture -- A Comment on Incentive Compatibility -- On Methodological Individualism -- On Knowledge -- Chapter 4 The Economy according to Law -- Kafka's Invisible Hand -- Law's Economy: The Standard View -- The Law as Focal Point -- Implications of the Focal View of Law -- A Game-Theoretic Illustration of Law as Focal Point -- A Research Agenda -- Chapter 5 Markets and Discrimination -- Do Free Markets Reduce Discrimination? -- The Literature -- The Self-Reinforcement of Productivity -- The Entrepreneur -- Toward a New Theoretical Model -- Appendix: Aptitude Test Administered to Slum Children at Anandan in Calcutta -- Chapter 6 The Chemistry of Groups -- Identity and Methodological Individualism -- The Ingredients of Theory -- Altruism, Trust, and Development -- The Janus Face of In-group Altruism -- The Malignancy of Identity -- Chapter 7 Contract, Coercion, and Intervention -- Principle of Free Contract -- Coercion and Voluntariness -- The Large Numbers Argument -- Acts and Rules -- Multiple Equilibria -- Domains of Intervention -- Chapter 8 Poverty, Inequality, and Globalization -- Governance and the Globe -- Inequality -- Some Facts of Globalization -- Some Analytics of Globalization -- Inequality and Poverty: The Quintile Axiom -- Poverty-Minimizing Inequality, with or without Globalization -- Policy Implications -- Chapter 9 Globalization and the Retreat of Democracy -- Democracy in Deficit -- Globalization and Influence -- Dollarization and Democracy -- Democratic Global Institutions -- Chapter 10 What Is to Be Done? -- Interpreting the World and Changing It -- The 'Environmental Case' against Inequality -- Despair and Hope -- Notes -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z. | |
| 588 | 0 | |a Print version record. | |
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| adam_text | |
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| author | Basu, Kaushik |
| author_GND | http://id.loc.gov/authorities/names/n79011413 |
| author_facet | Basu, Kaushik |
| author_role | aut |
| author_sort | Basu, Kaushik |
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| callnumber-label | HB71 |
| callnumber-raw | HB71 .B37 2010eb |
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| contents | Cover -- Contents -- Preface -- Chapter 1 In Praise of Dissent -- Discontent and Discourse -- Smith's Myth -- The Lay of the Land -- On Understanding -- Chapter 2 The Theory of the Invisible Hand -- Competition and Social Welfare -- The Standard Critiques -- Chapter 3 The Limits of Orthodoxy -- The Dual Interpretation -- Evolving Feasible Set -- Evolving Preference -- Social Norms and Culture -- A Comment on Incentive Compatibility -- On Methodological Individualism -- On Knowledge -- Chapter 4 The Economy according to Law -- Kafka's Invisible Hand -- Law's Economy: The Standard View -- The Law as Focal Point -- Implications of the Focal View of Law -- A Game-Theoretic Illustration of Law as Focal Point -- A Research Agenda -- Chapter 5 Markets and Discrimination -- Do Free Markets Reduce Discrimination? -- The Literature -- The Self-Reinforcement of Productivity -- The Entrepreneur -- Toward a New Theoretical Model -- Appendix: Aptitude Test Administered to Slum Children at Anandan in Calcutta -- Chapter 6 The Chemistry of Groups -- Identity and Methodological Individualism -- The Ingredients of Theory -- Altruism, Trust, and Development -- The Janus Face of In-group Altruism -- The Malignancy of Identity -- Chapter 7 Contract, Coercion, and Intervention -- Principle of Free Contract -- Coercion and Voluntariness -- The Large Numbers Argument -- Acts and Rules -- Multiple Equilibria -- Domains of Intervention -- Chapter 8 Poverty, Inequality, and Globalization -- Governance and the Globe -- Inequality -- Some Facts of Globalization -- Some Analytics of Globalization -- Inequality and Poverty: The Quintile Axiom -- Poverty-Minimizing Inequality, with or without Globalization -- Policy Implications -- Chapter 9 Globalization and the Retreat of Democracy -- Democracy in Deficit -- Globalization and Influence -- Dollarization and Democracy -- Democratic Global Institutions -- Chapter 10 What Is to Be Done? -- Interpreting the World and Changing It -- The 'Environmental Case' against Inequality -- Despair and Hope -- Notes -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z. |
| ctrlnum | (OCoLC)712994964 |
| dewey-full | 330.1 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.1 |
| dewey-search | 330.1 |
| dewey-sort | 3330.1 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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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.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover -- Contents -- Preface -- Chapter 1 In Praise of Dissent -- Discontent and Discourse -- Smith's Myth -- The Lay of the Land -- On Understanding -- Chapter 2 The Theory of the Invisible Hand -- Competition and Social Welfare -- The Standard Critiques -- Chapter 3 The Limits of Orthodoxy -- The Dual Interpretation -- Evolving Feasible Set -- Evolving Preference -- Social Norms and Culture -- A Comment on Incentive Compatibility -- On Methodological Individualism -- On Knowledge -- Chapter 4 The Economy according to Law -- Kafka's Invisible Hand -- Law's Economy: The Standard View -- The Law as Focal Point -- Implications of the Focal View of Law -- A Game-Theoretic Illustration 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| id | ZDB-4-EBA-ocn712994964 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:17:46Z |
| institution | BVB |
| isbn | 9781400836277 1400836271 0691137161 9780691137162 |
| language | English |
| oclc_num | 712994964 |
| open_access_boolean | |
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| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xv, 273 pages) |
| psigel | ZDB-4-EBA |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Princeton University Press, |
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| spelling | Basu, Kaushik, author. http://id.loc.gov/authorities/names/n79011413 Beyond the invisible hand : groundwork for a new economics / Kaushik Basu. Princeton, NJ : Princeton University Press, 2010. 1 online resource (xv, 273 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier data file rda Includes bibliographical references and index. 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. Cover -- Contents -- Preface -- Chapter 1 In Praise of Dissent -- Discontent and Discourse -- Smith's Myth -- The Lay of the Land -- On Understanding -- Chapter 2 The Theory of the Invisible Hand -- Competition and Social Welfare -- The Standard Critiques -- Chapter 3 The Limits of Orthodoxy -- The Dual Interpretation -- Evolving Feasible Set -- Evolving Preference -- Social Norms and Culture -- A Comment on Incentive Compatibility -- On Methodological Individualism -- On Knowledge -- Chapter 4 The Economy according to Law -- Kafka's Invisible Hand -- Law's Economy: The Standard View -- The Law as Focal Point -- Implications of the Focal View of Law -- A Game-Theoretic Illustration of Law as Focal Point -- A Research Agenda -- Chapter 5 Markets and Discrimination -- Do Free Markets Reduce Discrimination? -- The Literature -- The Self-Reinforcement of Productivity -- The Entrepreneur -- Toward a New Theoretical Model -- Appendix: Aptitude Test Administered to Slum Children at Anandan in Calcutta -- Chapter 6 The Chemistry of Groups -- Identity and Methodological Individualism -- The Ingredients of Theory -- Altruism, Trust, and Development -- The Janus Face of In-group Altruism -- The Malignancy of Identity -- Chapter 7 Contract, Coercion, and Intervention -- Principle of Free Contract -- Coercion and Voluntariness -- The Large Numbers Argument -- Acts and Rules -- Multiple Equilibria -- Domains of Intervention -- Chapter 8 Poverty, Inequality, and Globalization -- Governance and the Globe -- Inequality -- Some Facts of Globalization -- Some Analytics of Globalization -- Inequality and Poverty: The Quintile Axiom -- Poverty-Minimizing Inequality, with or without Globalization -- Policy Implications -- Chapter 9 Globalization and the Retreat of Democracy -- Democracy in Deficit -- Globalization and Influence -- Dollarization and Democracy -- Democratic Global Institutions -- Chapter 10 What Is to Be Done? -- Interpreting the World and Changing It -- The 'Environmental Case' against Inequality -- Despair and Hope -- Notes -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z. Print version record. Economics. http://id.loc.gov/authorities/subjects/sh85040850 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Economics https://id.nlm.nih.gov/mesh/D004467 Économie politique. Politique économique. economics. aat BUSINESS & ECONOMICS Economics Theory. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Economic policy fast Economics fast Unsichtbare Hand gnd http://d-nb.info/gnd/4289206-5 Wirtschaftliches Verhalten gnd http://d-nb.info/gnd/4197971-0 Wirtschaftstheorie gnd http://d-nb.info/gnd/4079351-5 Economische politiek. gtt Wirtschaftswissenschaften. idszbz Wirtschaftspolitik. idszbz Wirtschaftstheorie. idszbz Verhaltensökonomik. idszbz Wirtschaftliches Verhalten. idszbz has work: Beyond the invisible hand (Text) https://id.oclc.org/worldcat/entity/E39PCGxKPvF7PRdY87DKwtp7BK https://id.oclc.org/worldcat/ontology/hasWork Print version: Basu, Kaushik. Beyond the invisible hand. Princeton, NJ : Princeton University Press, 2010 (DLC) 2010012135 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=350110 Volltext |
| spellingShingle | Basu, Kaushik Beyond the invisible hand : groundwork for a new economics / Cover -- Contents -- Preface -- Chapter 1 In Praise of Dissent -- Discontent and Discourse -- Smith's Myth -- The Lay of the Land -- On Understanding -- Chapter 2 The Theory of the Invisible Hand -- Competition and Social Welfare -- The Standard Critiques -- Chapter 3 The Limits of Orthodoxy -- The Dual Interpretation -- Evolving Feasible Set -- Evolving Preference -- Social Norms and Culture -- A Comment on Incentive Compatibility -- On Methodological Individualism -- On Knowledge -- Chapter 4 The Economy according to Law -- Kafka's Invisible Hand -- Law's Economy: The Standard View -- The Law as Focal Point -- Implications of the Focal View of Law -- A Game-Theoretic Illustration of Law as Focal Point -- A Research Agenda -- Chapter 5 Markets and Discrimination -- Do Free Markets Reduce Discrimination? -- The Literature -- The Self-Reinforcement of Productivity -- The Entrepreneur -- Toward a New Theoretical Model -- Appendix: Aptitude Test Administered to Slum Children at Anandan in Calcutta -- Chapter 6 The Chemistry of Groups -- Identity and Methodological Individualism -- The Ingredients of Theory -- Altruism, Trust, and Development -- The Janus Face of In-group Altruism -- The Malignancy of Identity -- Chapter 7 Contract, Coercion, and Intervention -- Principle of Free Contract -- Coercion and Voluntariness -- The Large Numbers Argument -- Acts and Rules -- Multiple Equilibria -- Domains of Intervention -- Chapter 8 Poverty, Inequality, and Globalization -- Governance and the Globe -- Inequality -- Some Facts of Globalization -- Some Analytics of Globalization -- Inequality and Poverty: The Quintile Axiom -- Poverty-Minimizing Inequality, with or without Globalization -- Policy Implications -- Chapter 9 Globalization and the Retreat of Democracy -- Democracy in Deficit -- Globalization and Influence -- Dollarization and Democracy -- Democratic Global Institutions -- Chapter 10 What Is to Be Done? -- Interpreting the World and Changing It -- The 'Environmental Case' against Inequality -- Despair and Hope -- Notes -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z. Economics. http://id.loc.gov/authorities/subjects/sh85040850 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Economics https://id.nlm.nih.gov/mesh/D004467 Économie politique. Politique économique. economics. aat BUSINESS & ECONOMICS Economics Theory. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Economic policy fast Economics fast Unsichtbare Hand gnd http://d-nb.info/gnd/4289206-5 Wirtschaftliches Verhalten gnd http://d-nb.info/gnd/4197971-0 Wirtschaftstheorie gnd http://d-nb.info/gnd/4079351-5 Economische politiek. gtt Wirtschaftswissenschaften. idszbz Wirtschaftspolitik. idszbz Wirtschaftstheorie. idszbz Verhaltensökonomik. idszbz Wirtschaftliches Verhalten. idszbz |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85040850 http://id.loc.gov/authorities/subjects/sh85040837 https://id.nlm.nih.gov/mesh/D004467 http://d-nb.info/gnd/4289206-5 http://d-nb.info/gnd/4197971-0 http://d-nb.info/gnd/4079351-5 |
| 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 / Kaushik Basu. |
| title_fullStr | Beyond the invisible hand : groundwork for a new economics / Kaushik Basu. |
| title_full_unstemmed | Beyond the invisible hand : groundwork for a new economics / Kaushik Basu. |
| 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 | Economics. http://id.loc.gov/authorities/subjects/sh85040850 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Economics https://id.nlm.nih.gov/mesh/D004467 Économie politique. Politique économique. economics. aat BUSINESS & ECONOMICS Economics Theory. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Economic policy fast Economics fast Unsichtbare Hand gnd http://d-nb.info/gnd/4289206-5 Wirtschaftliches Verhalten gnd http://d-nb.info/gnd/4197971-0 Wirtschaftstheorie gnd http://d-nb.info/gnd/4079351-5 Economische politiek. gtt Wirtschaftswissenschaften. idszbz Wirtschaftspolitik. idszbz Wirtschaftstheorie. idszbz Verhaltensökonomik. idszbz Wirtschaftliches Verhalten. idszbz |
| topic_facet | Economics. Economic policy. Economics Économie politique. Politique économique. economics. BUSINESS & ECONOMICS Economics Theory. BUSINESS & ECONOMICS Economic History. Economic policy Unsichtbare Hand Wirtschaftliches Verhalten Wirtschaftstheorie Economische politiek. Wirtschaftswissenschaften. Wirtschaftspolitik. Wirtschaftstheorie. Verhaltensökonomik. Wirtschaftliches Verhalten. |
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| work_keys_str_mv | AT basukaushik beyondtheinvisiblehandgroundworkforaneweconomics |