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008 210830t20102010nju fo d z eng d
020 _a9780691137162
_qprint
020 _a9781400836277
_qPDF
024 7 _a10.1515/9781400836277
_2doi
035 _a(DE-B1597)9781400836277
035 _a(DE-B1597)446637
035 _a(OCoLC)979968502
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS069030
_2bisacsh
084 _aonline - DeGruyter
100 1 _aBasu, Kaushik
_eautore
245 1 0 _aBeyond the Invisible Hand :
_bGroundwork for a New Economics /
_cKaushik Basu.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2010]
264 4 _c©2010
300 _a1 online resource (312 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tChapter 1. In Praise of Dissent --
_tChapter 2. The Theory of the Invisible Hand --
_tChapter 3. The Limits of Orthodoxy --
_tChapter 4. The Economy According To Law --
_tChapter 5. Markets And Discrimination --
_tChapter 6. The Chemistry of Groups --
_tChapter 7. Contract, Coercion, and Intervention --
_tChapter 8. Poverty, Inequality, and Globalization --
_tCHAPTER 9. Globalization and the Retreat of Democracy --
_tChapter 10. What is to be Done? --
_tNotes --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aOne 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.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aBUSINESS &amp
_xECONOMICS
_vEconomic History.
650 0 _aBUSINESS &amp
_xECONOMICS
_vEconomics
_vTheory.
650 0 _aEconomic policy.
650 0 _aEconomics.
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400836277
856 4 0 _uhttps://www.degruyter.com/isbn/9781400836277
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400836277.jpg
942 _cEB
999 _c206239
_d206239