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INCLUSIVE ECONOMIC THEORY - Hardcover

Rosefielde Steven

 
9789814566643: INCLUSIVE ECONOMIC THEORY
Hardcover
ISBN 10: 9814566640 ISBN 13: 9789814566643
Verlag: World Scientific, 2014

Inhaltsangabe

The goal of "Inclusive Economics" is to tie together various authoritative strands of contemporary economic theory into an easily comprehensible whole that illuminates the need for a broader approach to contemporary economic policymaking undistorted by obsolete 18th century rationalist assumptions about utility, ethics, worthiness and traditional culture. This is accomplished by elaborating the rationalist competitive ideal along the optimizing lines pioneered by Paul Samuelson (neoclassical economics); plumbing modifications necessitated by Herbert Simon's realist concepts of "bounded rationality" and "satisficing"; refined further by applying a pragmatist outlook to probe the consequences of relaxing Enlightenment teleological, ethical, spiritual and cultural taboos. The exercise will explain why competitive market economies guided by rational utility-seeking invariably are less productive, efficient, just and beneficent than most theorists concede, and will illuminate the full range of interventions needed to achieve better outcomes. We call this program in its entirety "Inclusive Economics", including the integration of micro and macroeconomics.

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The goal of "Inclusive Economics" is to tie together various authoritative strands of contemporary economic theory into an easily comprehensible whole that illuminates the need for a broader approach to contemporary economic policymaking undistorted by obsolete 18th century rationalist assumptions about utility, ethics, worthiness and traditional culture. This is accomplished by elaborating the rationalist competitive ideal along the optimizing lines pioneered by Paul Samuelson (neoclassical economics); plumbing modifications necessitated by Herbert Simon's realist concepts of "bounded rationality" and "satisficing"; refined further by applying a pragmatist outlook to probe the consequences of relaxing Enlightenment teleological, ethical, spiritual and cultural taboos. The exercise will explain why competitive market economies guided by rational utility-seeking invariably are less productive, efficient, just and beneficent than most theorists concede, and will illuminate the full range of interventions needed to achieve better outcomes. We call this program in its entirety "Inclusive Economics," including the integration of micro and macroeconomics.

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Verlag
World Scientific
Erscheinungsdatum
2014
Sprache
Englisch
ISBN 10 
9814566640
ISBN 13 
9789814566643
Einband
Gebundene Ausgabe
Anzahl der Seiten
222
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
GPSR Kontakt
gpsr@libri.de

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