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Beyond the Invisible Hand : Groundwork for a New Economics /

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...

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Detalles Bibliográficos
Autor principal: Basu, Kaushik (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, NJ : Princeton University Press, 2010.
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Contents
  • Preface
  • Chapter 1 In Praise of Dissent
  • Discontent and Discourse
  • Smith's Myth
  • The Lay of the Land
  • On Understanding
  • Chapter 2 The Theory of the Invisible Hand
  • Competition and Social Welfare
  • The Standard Critiques
  • Chapter 3 The Limits of Orthodoxy
  • The Dual Interpretation
  • Evolving Feasible Set
  • Evolving Preference
  • Social Norms and Culture
  • A Comment on Incentive Compatibility
  • On Methodological Individualism
  • On Knowledge
  • Chapter 4 The Economy according to Law
  • Kafka's Invisible Hand
  • Law's Economy: The Standard View
  • The Law as Focal Point
  • Implications of the Focal View of Law
  • A Game-Theoretic Illustration of Law as Focal Point
  • A Research Agenda
  • Chapter 5 Markets and Discrimination
  • Do Free Markets Reduce Discrimination?
  • The Literature
  • The Self-Reinforcement of Productivity
  • The Entrepreneur
  • Toward a New Theoretical Model
  • Appendix: Aptitude Test Administered to Slum Children at Anandan in Calcutta
  • Chapter 6 The Chemistry of Groups
  • Identity and Methodological Individualism
  • The Ingredients of Theory
  • Altruism, Trust, and Development
  • The Janus Face of In-group Altruism
  • The Malignancy of Identity
  • Chapter 7 Contract, Coercion, and Intervention
  • Principle of Free Contract
  • Coercion and Voluntariness
  • The Large Numbers Argument
  • Acts and Rules
  • Multiple Equilibria
  • Domains of Intervention
  • Chapter 8 Poverty, Inequality, and Globalization
  • Governance and the Globe
  • Inequality
  • Some Facts of Globalization
  • Some Analytics of Globalization
  • Inequality and Poverty: The Quintile Axiom
  • Poverty-Minimizing Inequality, with or without Globalization
  • Policy Implications
  • Chapter 9 Globalization and the Retreat of Democracy
  • Democracy in Deficit
  • Globalization and Influence
  • Dollarization and Democracy
  • Democratic Global Institutions
  • Chapter 10 What Is to Be Done?
  • Interpreting the World and Changing It
  • The 'Environmental Case' against Inequality
  • Despair and Hope
  • Notes
  • References
  • Index
  • A
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  • I
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