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Beyond the Invisible Hand: Groundwork for a New Economics
Kaushik Basu
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Description for Beyond the Invisible Hand: Groundwork for a New Economics
Paperback. Num Pages: 312 pages, black & white illustrations. BIC Classification: JFCX; KCA; KCZ. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 237 x 156 x 23. Weight in Grams: 454.
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 ... Read more
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 ... Read more
Product Details
Publisher
Princeton University Press
Format
Paperback
Publication date
2016
Condition
New
Weight
453g
Number of Pages
312
Place of Publication
New Jersey, United States
ISBN
9780691173696
SKU
V9780691173696
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Kaushik Basu
Kaushik Basu is professor of economics and the C. Marks Professor of International Studies at Cornell University. He is currently chief economic advisor to the Ministry of Finance of the Government of India. His books include Prelude to Political Economy: A Study of the Political and Social Foundations of Economics and Of People, of Places: Sketches from an Economist's Notebook. ... Read more
Reviews for Beyond the Invisible Hand: Groundwork for a New Economics
Alluring... [Basu's] latest book, subtitled Groundwork for a New Economics, aims to show that many economists have dogmatically accepted capitalist theories as fact and have failed, as a result, to scrutinize their own discipline... Basu devotes the bulk of the text to deconstructing some sacrosanct tenets of capitalism that have become entrenched in government policy over the past 60 years. ... Read more