Beyond the Invisible Hand: Groundwork for a New Economics

by Kaushik Basu

Book Overview

Why economics needs to focus on fairness and not just efficiency

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...

• Format: Paperback
• Language: English
• ISBN: 0691173699
• ISBN13: 9780691173696
• Release Date: August 2016
• Publisher: Princeton University Press
• Length: 296 Pages
• Weight: 0.99 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"