Rediscovering Social Economics: Beyond the Neoclassical Paradigm

ISBN-13: 9783319512648 / Angielski / Twarda / 2017 / 191 str.

Roger D. Johnson

Opis

This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources.

Spis treści

Part I. HUMANS, SOCIETY AND MARKETS

Chapter 1.  The Foundations of Economics 

Chapter 2.  The Political and Moral Dimension of Economics  

Chapter 3.  The Moral and Social Problem of Scarcity

Chapter 4.  Social Welfare, Markets and Efficiency 

Chapter 5.  Understanding Human Choice  

Chapter 6.  Challenges to Homo Economicus 

Part II.  INCOME DISTRIBUTION: LABOR AND FINANCIAL MARKETS 

Chapter 8.  The Supply of Labor  

Chapter 10. Labor Market Equilibrium?

Chapter 11. The Mondragón Alternative  

Chapter 12.  Financial Markets and the Growth of Plutonomies

Chapter 13.  The Evolving Dialogue

O autorze

Roger D. Johnson is a retired Professor of Economics from Messiah College, USA. He earned the Helen Potter Award from the Association for Social Economics for best article appearing in the Review of Social Economics in 1990.

Blurb

This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith’s contributions to show how they reach beyond neoclassical models that are too simplistic to reflect the growing interdependencies of market economies. He breaks down supposedly value-free neoclassical postulates to expose normative assumptions about economics and justice, demonstrating, for example, that the concept of market equilibrium is problematic because need-based behavior can produce involuntary unemployment even when a competitive labor market achieves equilibrium.