Beyond the Invisible Hand : : Groundwork for a New Economics / / Kaushik Basu.
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...
Saved in:
Superior document: | Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
---|---|
VerfasserIn: | |
Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2010] ©2010 |
Year of Publication: | 2010 |
Edition: | Course Book |
Language: | English |
Online Access: | |
Physical Description: | 1 online resource (312 p.) |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
9781400836277 |
---|---|
ctrlnum |
(DE-B1597)446637 (OCoLC)979968502 |
collection |
bib_alma |
record_format |
marc |
spelling |
Basu, Kaushik, author. aut http://id.loc.gov/vocabulary/relators/aut Beyond the Invisible Hand : Groundwork for a New Economics / Kaushik Basu. Course Book Princeton, NJ : Princeton University Press, [2010] ©2010 1 online resource (312 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Preface -- Chapter 1. In Praise of Dissent -- Chapter 2. The Theory of the Invisible Hand -- Chapter 3. The Limits of Orthodoxy -- Chapter 4. The Economy According To Law -- Chapter 5. Markets And Discrimination -- Chapter 6. The Chemistry of Groups -- Chapter 7. Contract, Coercion, and Intervention -- Chapter 8. Poverty, Inequality, and Globalization -- CHAPTER 9. Globalization and the Retreat of Democracy -- Chapter 10. What is to be Done? -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Theory. Economic policy. Economics. BUSINESS & ECONOMICS / Economics / Theory. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691137162 https://doi.org/10.1515/9781400836277 https://www.degruyter.com/isbn/9781400836277 Cover https://www.degruyter.com/cover/covers/9781400836277.jpg |
language |
English |
format |
eBook |
author |
Basu, Kaushik, Basu, Kaushik, |
spellingShingle |
Basu, Kaushik, Basu, Kaushik, Beyond the Invisible Hand : Groundwork for a New Economics / Frontmatter -- Contents -- Preface -- Chapter 1. In Praise of Dissent -- Chapter 2. The Theory of the Invisible Hand -- Chapter 3. The Limits of Orthodoxy -- Chapter 4. The Economy According To Law -- Chapter 5. Markets And Discrimination -- Chapter 6. The Chemistry of Groups -- Chapter 7. Contract, Coercion, and Intervention -- Chapter 8. Poverty, Inequality, and Globalization -- CHAPTER 9. Globalization and the Retreat of Democracy -- Chapter 10. What is to be Done? -- Notes -- References -- Index |
author_facet |
Basu, Kaushik, Basu, Kaushik, |
author_variant |
k b kb k b kb |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Basu, Kaushik, |
title |
Beyond the Invisible Hand : Groundwork for a New Economics / |
title_sub |
Groundwork for a New Economics / |
title_full |
Beyond the Invisible Hand : Groundwork for a New Economics / Kaushik Basu. |
title_fullStr |
Beyond the Invisible Hand : Groundwork for a New Economics / Kaushik Basu. |
title_full_unstemmed |
Beyond the Invisible Hand : Groundwork for a New Economics / Kaushik Basu. |
title_auth |
Beyond the Invisible Hand : Groundwork for a New Economics / |
title_alt |
Frontmatter -- Contents -- Preface -- Chapter 1. In Praise of Dissent -- Chapter 2. The Theory of the Invisible Hand -- Chapter 3. The Limits of Orthodoxy -- Chapter 4. The Economy According To Law -- Chapter 5. Markets And Discrimination -- Chapter 6. The Chemistry of Groups -- Chapter 7. Contract, Coercion, and Intervention -- Chapter 8. Poverty, Inequality, and Globalization -- CHAPTER 9. Globalization and the Retreat of Democracy -- Chapter 10. What is to be Done? -- Notes -- References -- Index |
title_new |
Beyond the Invisible Hand : |
title_sort |
beyond the invisible hand : groundwork for a new economics / |
publisher |
Princeton University Press, |
publishDate |
2010 |
physical |
1 online resource (312 p.) Issued also in print. |
edition |
Course Book |
contents |
Frontmatter -- Contents -- Preface -- Chapter 1. In Praise of Dissent -- Chapter 2. The Theory of the Invisible Hand -- Chapter 3. The Limits of Orthodoxy -- Chapter 4. The Economy According To Law -- Chapter 5. Markets And Discrimination -- Chapter 6. The Chemistry of Groups -- Chapter 7. Contract, Coercion, and Intervention -- Chapter 8. Poverty, Inequality, and Globalization -- CHAPTER 9. Globalization and the Retreat of Democracy -- Chapter 10. What is to be Done? -- Notes -- References -- Index |
isbn |
9781400836277 9783110442502 9780691137162 |
genre_facet |
Economic History. Economics Theory. |
url |
https://doi.org/10.1515/9781400836277 https://www.degruyter.com/isbn/9781400836277 https://www.degruyter.com/cover/covers/9781400836277.jpg |
illustrated |
Not Illustrated |
doi_str_mv |
10.1515/9781400836277 |
oclc_num |
979968502 |
work_keys_str_mv |
AT basukaushik beyondtheinvisiblehandgroundworkforaneweconomics |
status_str |
n |
ids_txt_mv |
(DE-B1597)446637 (OCoLC)979968502 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
Beyond the Invisible Hand : Groundwork for a New Economics / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
_version_ |
1806143543733911552 |
fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04930nam a22007455i 4500</leader><controlfield tag="001">9781400836277</controlfield><controlfield tag="003">DE-B1597</controlfield><controlfield tag="005">20210830012106.0</controlfield><controlfield tag="006">m|||||o||d||||||||</controlfield><controlfield tag="007">cr || ||||||||</controlfield><controlfield tag="008">210830t20102010nju fo d z eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781400836277</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1515/9781400836277</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-B1597)446637</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)979968502</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-B1597</subfield><subfield code="b">eng</subfield><subfield code="c">DE-B1597</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">nju</subfield><subfield code="c">US-NJ</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS069030</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Basu, Kaushik, </subfield><subfield code="e">author.</subfield><subfield code="4">aut</subfield><subfield code="4">http://id.loc.gov/vocabulary/relators/aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Beyond the Invisible Hand :</subfield><subfield code="b">Groundwork for a New Economics /</subfield><subfield code="c">Kaushik Basu.</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">Course Book</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Princeton, NJ : </subfield><subfield code="b">Princeton University Press, </subfield><subfield code="c">[2010]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (312 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">text file</subfield><subfield code="b">PDF</subfield><subfield code="2">rda</subfield></datafield><datafield tag="505" ind1="0" ind2="0"><subfield code="t">Frontmatter -- </subfield><subfield code="t">Contents -- </subfield><subfield code="t">Preface -- </subfield><subfield code="t">Chapter 1. In Praise of Dissent -- </subfield><subfield code="t">Chapter 2. The Theory of the Invisible Hand -- </subfield><subfield code="t">Chapter 3. The Limits of Orthodoxy -- </subfield><subfield code="t">Chapter 4. The Economy According To Law -- </subfield><subfield code="t">Chapter 5. Markets And Discrimination -- </subfield><subfield code="t">Chapter 6. The Chemistry of Groups -- </subfield><subfield code="t">Chapter 7. Contract, Coercion, and Intervention -- </subfield><subfield code="t">Chapter 8. Poverty, Inequality, and Globalization -- </subfield><subfield code="t">CHAPTER 9. Globalization and the Retreat of Democracy -- </subfield><subfield code="t">Chapter 10. What is to be Done? -- </subfield><subfield code="t">Notes -- </subfield><subfield code="t">References -- </subfield><subfield code="t">Index</subfield></datafield><datafield tag="506" ind1="0" ind2=" "><subfield code="a">restricted access</subfield><subfield code="u">http://purl.org/coar/access_right/c_16ec</subfield><subfield code="f">online access with authorization</subfield><subfield code="2">star</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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.</subfield></datafield><datafield tag="530" ind1=" " ind2=" "><subfield code="a">Issued also in print.</subfield></datafield><datafield tag="538" ind1=" " ind2=" "><subfield code="a">Mode of access: Internet via World Wide Web.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">In English.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">BUSINESS &amp</subfield><subfield code="x">ECONOMICS</subfield><subfield code="v">Economic History.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">BUSINESS &amp</subfield><subfield code="x">ECONOMICS</subfield><subfield code="v">Economics</subfield><subfield code="v">Theory.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Economic policy.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Economics.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Economics / Theory.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">Princeton University Press eBook-Package Backlist 2000-2013</subfield><subfield code="z">9783110442502</subfield></datafield><datafield tag="776" ind1="0" ind2=" "><subfield code="c">print</subfield><subfield code="z">9780691137162</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1515/9781400836277</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://www.degruyter.com/isbn/9781400836277</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="3">Cover</subfield><subfield code="u">https://www.degruyter.com/cover/covers/9781400836277.jpg</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">978-3-11-044250-2 Princeton University Press eBook-Package Backlist 2000-2013</subfield><subfield code="c">2000</subfield><subfield code="d">2013</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_BACKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_CL_LAEC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EBACKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ECL_LAEC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EEBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ESSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ESTMALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_PPALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_SSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_STMALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV-deGruyter-alles</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA11SSHE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA12STME</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA13ENGE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA17SSHEE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA18STMEE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA5EBK</subfield></datafield></record></collection> |