[PDF] Prelude To Political Economy eBook

Author : Kaushik Basu
Publisher : Oxford University Press, USA
Page : 305 pages
File Size : 36,84 MB
Release : 2000
Category : Economics
ISBN : 0198296711

GET BOOK

This volume aims to understand why some economies succeed and some fail, and why some communities prosper while others stagnate, so economics must be seen as embedded in politics and society. It is a study of this embeddedness.

Author : C. Bina
Publisher : Springer
Page : 254 pages
File Size : 15,7 MB
Release : 2013-02-13
Category : Business & Economics
ISBN : 1137106972

GET BOOK

A Prelude to the Foundation of Political Economy is a groundbreaking volume of theory and strategy on political economy and polity of the twenty-first century. Distilled in concrete terms, it elucidates the enigma of oil in view of the centrality of global social relations.

Author : C. Bina
Publisher : Palgrave Macmillan
Page : 245 pages
File Size : 50,61 MB
Release : 2013-02-13
Category : Business & Economics
ISBN : 9781349296712

GET BOOK

A Prelude to the Foundation of Political Economy is a groundbreaking volume of theory and strategy on political economy and polity of the twenty-first century. Distilled in concrete terms, it elucidates the enigma of oil in view of the centrality of global social relations.

Author : Kaushik Basu
Publisher : Princeton University Press
Page : 293 pages
File Size : 36,56 MB
Release : 2016-08-02
Category : Business & Economics
ISBN : 0691173699

GET BOOK

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.

Author : Piero Sraffa
Publisher : CUP Archive
Page : 116 pages
File Size : 46,57 MB
Release : 1960
Category : Business & Economics
ISBN : 9780521065399

GET BOOK

First paperback edition, 1975.

Author : Price V. Fishback
Publisher : University of Chicago Press
Page : 634 pages
File Size : 16,74 MB
Release : 2008-09-15
Category : Business & Economics
ISBN : 0226251292

GET BOOK

The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story. America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.

Author : Kaushik Basu
Publisher : Princeton University Press
Page : 259 pages
File Size : 11,38 MB
Release : 2020-12-08
Category : Business & Economics
ISBN : 0691210047

GET BOOK

"[This book] argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. Why are good laws drafted but never implemented? When laws are unenforced, is it a failure of the law or the enforcers? And, most important, considering that laws are simply words on paper, why are they effective? Basu offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood. Basu summarizes standard, neoclassical law and economics before looking at the weaknesses underlying the discipline. Bringing modern game theory to bear, he develops a 'focal point' approach, modeling not just the self-interested actions of the citizens who must follow laws but also the functionaries of the state: the politicians, judges, and bureaucrats enforcing them. He demonstrates the connections between social norms and the law and shows how well conceived ideas can change and benefit human behavior. For example, bribe givers and takers will collude when they are treated equally under the law. And in food support programs, vouchers should be given directly to the poor to prevent shop owners from selling subsidized rations on the open market. Basu provides a new paradigm for the ways that law and economics interact: a framework applicable to both less developed countries and the developed world"--Jacket.