| Description |
1 online resource (285 pages) |
| Series |
Online access: OAPEN Open Research Library (ORL)
|
| Contents |
Cover; Half-title Page; Title Page; Copyright; Contents; List of Illustrations; Preface to the Revised and Expanded Edition; Chapter 1 Economics and Liberating Theory; People and Society; The Human Center; Natural, Species, and Derived Needs and Potentials; Human Consciousness; Human Sociability; Human Character Structures; The Relation of Consciousness to Activity; The Possibility of Detrimental Character Structures; The Institutional Boundary; Why Must There Be Social Institutions?; Complementary Holism; Four Spheres of Social Life; Relations between Center, Boundary, and Spheres |
|
Social Stability and Social ChangeAgents of History; Applications; Chapter 2 What Should We Demand from Our Economy?; Economic Justice; Increasing Inequality of Wealth and Income; Different Conceptions of Economic Justice; Efficiency; The Pareto Principle; The Efficiency Criterion; Seven Deadly Sins of Inefficiency; Endogenous Preferences; Self-management; Solidarity; Variety; Sustainability; Weak versus Strong versus Environmental Sustainability; A Workable Definition of Sustainable Development; Growth; Conclusion; Chapter 3 Efficiency and Economic Justice: A Simple Corn Model |
|
Model 3.1: A Domestic Corn EconomySituation 1: Inegalitarian Distribution of Scarce Seed Corn; Autarky; Labor Market; Credit Market; Situation 2: Egalitarian Distribution of Scarce Seed Corn; Autarky; Labor Market; Credit Market; Conclusions from the Domestic Corn Model; Generalizing Conclusions; Economic Justice in the Corn Model; Economic Justice, Exploitation, and Alienation; Occupy Wall Street; Model 3.2: A Global Corn Economy; Chapter 4 Markets: Guided by an Invisible Hand or Foot?; How Do Markets Work?; What Is a Market?; The "Law" of Supply; The "Law" of Demand |
|
The "Law" of Uniform PriceThe Micro "Law" of Supply and Demand; Elasticity of Supply and Demand; The Dream of a Beneficent Invisible Hand; The Nightmare of a Malevolent Invisible Foot; Externalities: The Auto Industry; Public Goods: Pollution Reduction; Green Consumerism; The Prevalence of External Effects; Snowballing Inefficiency; Market Disequilibria; Conclusion: Market Failure Is Significant; Markets Undermine the Ties That Bind Us; Chapter 5 Microeconomic Models; Model 5.1: The Public Good Game; Model 5.2: The Price of Power Game; The Price of Patriarchy; Conflict Theory of the Firm |
|
Model 5.3: Climate Control TreatiesModel 5.4: The Sraffa Model of Income Distribution and Prices; The Sraffa Model; Technical Change in the Sraffa Model; Technical Change and the Rate of Profit; A Note of Caution; Producers and Parasites; Chapter 6 Macroeconomics: Aggregate Demand as Leading Lady; The Macro "Law" of Supply and Demand; Aggregate Demand; Consumption Demand; Investment Demand; Government Spending; The Pie Principle; The Simple Keynesian Closed Economy Macro Model; Fiscal Policy; The Fallacy of Say's Law; Income Expenditure Multipliers; Other Causes of Unemployment and Inflation |
| Summary |
A second, updated edition of this accessible and myth-dispelling introduction to our current economic system |
| Notes |
Myths about Inflation |
|
Print version record |
| Subject |
Political science.
|
|
Political Science / Public Policy / Economic Policy.
|
|
Political science
|
| Form |
Electronic book
|
| ISBN |
9781783712076 |
|
1783712074 |
|
9780745318578 |
|
0745318576 |
|
9780745318585 |
|
0745318584 |
|
9780585488844 |
|
0585488843 |
|
9781281733023 |
|
1281733024 |
|
9781849641401 |
|
1849641404 |
|
