(Mobile ebook) Beyond the Invisible Hand: Groundwork for a New Economics






 | #1564542 in eBooks |  2010-10-25 |  2010-10-25 | File Name: B0046A9M7W


||0 of 0 people found the following review helpful.| A Masterful Tour de Force of Economics|By Ravi Morey|Kaushik Basu, the chief economist at the World Bank, had produced a masterful tour de force. He investigates in exquisite detail the reasons for the failures of conventional economic thinking and the need for a radical alternative. I highly recommend this book for anyone seeking radical changes in the current global economic| |"Alluring. . . . [Basu's] latest book, subtitled Groundwork for a New Economics, aims to show that many economists have dogmatically accepted capitalist theories as fact and have failed, as a result, to scrutinize their own discipline. . . . Basu devot

One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conserv...


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