Rediscovering Social Economics - Beyond the Neoclassical Paradigm (Hardcover, 1st ed. 2017)

This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith's contributions to show how they reach beyond neoclassical models that are too simplistic to reflect the growing interdependencies of market economies. He breaks down supposedly value-free neoclassical postulates to expose normative assumptions about economics and justice, demonstrating, for example, that the concept of market equilibrium is problematic because need-based behavior can produce involuntary unemployment even when a competitive labor market achieves equilibrium.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Perspectives from Social Economics
Release date:	March 2017
First published:	2017
Authors:	Roger D. Johnson
Dimensions:	210 x 148 x 13mm (L x W x T)
Format:	Hardcover
Pages:	191
Edition:	1st ed. 2017
ISBN-13:	978-3-319-51264-8
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Social sciences > Sociology, social studies > Social institutions > General Books > Business & Economics > Economics > Labour economics > General
LSN:	3-319-51264-1
Barcode:	9783319512648

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