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The Economist's View of the World - And the Quest for Well-Being (Hardcover, Revised edition)
Loot Price: R731
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The Economist's View of the World - And the Quest for Well-Being (Hardcover, Revised edition)
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Released in 1984, Steven E. Rhoads' classic was considered by many
to be among the best introductions to the economic way of thinking
and its applications. This anniversary edition has been updated to
account for political and economic developments - from the greater
interest in redistributing income and the ascendancy of behaviorism
to the Trump presidency. Rhoads explores opportunity cost,
marginalism, and economic incentives and explains why mainstream
economists - even those well to the left - still value free
markets. He critiques economics for its unbalanced emphasis on
narrow self-interest as controlling motive and route to happiness,
highlighting philosophers and positive psychologists' findings that
happiness is far more dependent on friends and family than on
income or wealth. This thought-provoking tour of the economist's
mind is a must read for our times, providing a clear, lively,
non-technical insight into how economists think and why they
shouldn't be ignored.
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