0
Your cart

Your cart is empty

Books > History > History of specific subjects > Economic history

Buy Now

Beyond the Invisible Hand - Groundwork for a New Economics (Hardcover) Loot Price: R623
Discovery Miles 6 230
You Save: R197 (24%)

Beyond the Invisible Hand - Groundwork for a New Economics (Hardcover)

Kaushik Basu

 (sign in to rate)
List price R820 Loot Price R623 Discovery Miles 6 230 | Repayment Terms: R58 pm x 12* You Save R197 (24%)

Bookmark and Share

Expected to ship within 7 - 12 working days

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 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.

General

Imprint: Princeton University Press
Country of origin: United States
Release date: November 2010
First published: 2010
Authors: Kaushik Basu
Dimensions: 229 x 152 x 28mm (L x W x T)
Format: Hardcover
Pages: 273
ISBN-13: 978-0-691-13716-2
Languages: English
Subtitles: English
Categories: Books > Reference & Interdisciplinary > Interdisciplinary studies
Books > Humanities > History
Books > Business & Economics > Economics
Books > Reference & Interdisciplinary > Interdisciplinary studies > Cultural studies
Books > Humanities > History > History of specific subjects
Books > Business & Economics > Economics > Economic theory & philosophy
Books > Reference & Interdisciplinary > Interdisciplinary studies > Cultural studies > History of ideas, intellectual history
Books > Humanities > History > History of specific subjects > Economic history
Books > History > History of specific subjects
Books > History > History of specific subjects > Economic history
Promotions
Books > Business & Economics > Promotions
LSN: 0-691-13716-1
Barcode: 9780691137162

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners