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Books > Business & Economics > Economics > Economic theory & philosophy
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A Tempered and Humane Economy - Markets, Families, and Behavioral Economics (Hardcover)
Loot Price: R2,629
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A Tempered and Humane Economy - Markets, Families, and Behavioral Economics (Hardcover)
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A tempered and humane economy finds a balance between the market
principle, "economic reward follows economic contribution," and the
family economic principle, "respect abilities, respect needs."
Markets are tempered by the wisdom gained from family experiences
in the way that steel is iron tempered by fire. A humane economy
meets the needs and aspirations of all persons in the way that a
well-tempered musical instrument allows for the playing of music in
every key without discord. A Tempered and Humane Economy: Markets,
Families, and Behavioral Economicsargues that economists must
incorporate the insights of behavioral economics into their
reflections on micro- and macro-economic policy. The elephant in
the room is how Americans are increasingly raising their children
with an appropriate sense of entitlement and empowerment by
involving them in decision making at home. We raise our children to
find or create a job they will love, expecting that will make them
highly productive. Not all children have these advantages, a
problem we tackle head on, but enough of them do to create a
critical mass of young adults who will transform our economy in a
positive way for persons everywhere along the income distribution.
Our vision for the U.S. Economy is one of tempered optimism and
humane prosperity.
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