Synopses & Reviews
This textbook presents an introduction to the central issues of social economics. 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 the policy maker
* a critique of economic rationality
* rethinking of the modern business corporation
* a critical look at markets as panacea
* the harmful effects of international competition
* environmental problems.
The book introduces social economic concepts and challenges the reader to look beyond the confines of mainstream economic thinking to find a solution to these critical issues.
Synopsis
This volume provides an introduction to economics in terms of human rather than material welfare. Building on a social economics tradition, it proposes a more rational economic order and develops new principles of economic policy. The issues covered include: the inadequacy of individualistic economics in guiding policy formation; a logical critique of economic rationality; rethinking of the modern business corporation; a critique of modern trade theory and unregulated international competition; and how standard economic theory encourages major ecological problems. "Economics for the Common Good" introduces social economic concepts and demonstrates their continuing relevance to the ills of an increasingly global society. In approaching problems generally conceived to be purely economic, from a social and ecological perspective, the author explores the vital interface between economics, ethics and politics.