The past fifty years have witnessed the triumph of an industrial
development that has engendered great social and environmental
costs. Conventional economics has too often either ignored these
costs or failed to analyse them appropriately. This book constructs
a framework within which the wider impacts of economic activity can
be both understood and ameliorated. The framework places its
emphasis on an in-depth understanding of real-life processes rather
than on mathematical formalism, sressing the independence of the
economy with the social, ecological and ethical dimensions of human
life.
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