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Overview
This volume provides an introduction to economics in terms of human rather than material welfare. In a time of increasing marketization, declining community and growing inequality, the author argues the case for a broader, more socially sensitive and ecologically sensible economic science.
Building on a venerable social economics tradition, the book recommends a more rational economic order and proposes new principles of economic policy. The issues covered include:
- The inadequacy of individualistic economics in guiding socioeconomic policy
- A critique of economic rationality
- A reconsideration of the modern business corporation
- A critical look at markets as a panacea
- The harmful effects of international competition and finance
- Economic misconceptions about ecological constraints.
The book introduces social economic concepts and challenges the reader to look beyond the confines of mainstream economic thinking to find solutions to these and other issues.
About the Author:
The author was born in 1941 and spent his childhood in Switzerland, before enrolling in the University of California, Berkeley, where he earned a Ph.D. in economics in 1971. Ever since, he has been teaching and researching at the University of Maine, Orono.
Synopsis
This volume provides an introduction to economics in terms of human rather than material welfare. The book recommends a more rational economic order and proposes new principles of economic policy.