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Rediscovering Social Economics: Beyond the Neoclassical Paradigm
Roger D. Johnson
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Description for Rediscovering Social Economics: Beyond the Neoclassical Paradigm
hardcover. Series: Perspectives from Social Economics. Num Pages: 191 pages, 7 black & white illustrations, 25 colour illustrations, biography. BIC Classification: KCF. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 401.
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Palgrave Macmillan Switzerland
Number of pages
191
Condition
New
Series
Perspectives from Social Economics
Number of Pages
191
Place of Publication
Cham, Switzerland
ISBN
9783319512648
SKU
V9783319512648
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Roger D. Johnson
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.
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