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001 ocn606052869;

003 OCoLC;

005 20141212073915.0;

008 100401s2011 nju b 001 0 eng ;

010 a| 2010012135;

016 7 a| 0156186182| Uk;

019 a| 718459632;

020 a| 9780691137162 (hbk. : alk. paper);

020 a| 0691137161 (hbk. : alk. paper);

029 1 a| AU@b| 000045502573;

029 1 a| NLGGCb| 328634042;

029 1 a| HEBISb| 233467653;

029 1 a| CHRROb| R005710328;

029 1 a| NZ1b| 13531126;

035 a| (Sirsi) 99945401496;

035 a| (OCoLC)606052869;

035 a| 99945401496;

049 a| EREE;

050 00 a| HB71b| .B37 2011;

070 0 a| HB71b| .B37 2011;

072 7 a| s1se2| rero;

082 00 a| 330.12| 22;

100 1 a| Basu, Kaushik.=| ^A116276;

245 10 a| Beyond the invisible hand :b| groundwork for a new economics /c| Kaushik Basu.;

300 a| xv, 273 pages ;c| 25 cm;

336 a| text2| rdacontent;

337 a| unmediated2| rdamedia;

338 a| volume2| rdacarrier;

504 a| Includes bibliographical references (p. [235]-257) and index.;

505 0 a| In praise of dissent -- The theory of the invisible hand -- The limits of orthodoxy -- The economy according to law -- Markets and discrimination -- The chemistry of groups -- Contract, coercion, and intervention -- Poverty, inequality, and globalization -- Globalization and the retreat of democracy -- What is to be done?;

520 a| 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 conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka--in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable--Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair.;

520 a| Using analytic tools from mainstream economics, the book challenges some of the precepts and propositions of mainstream economics. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable, and hence worth striving for.;

520 a| By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good. --Book Jacket.;

650 0 a| Economics.=| ^A1728;

650 0 a| Economic policy.=| ^A13905;

650 0 a| Free enterprise.=| ^A32195;

938 a| YBP Library Servicesb| YANKn| 3306173;

938 a| Blackwell Book Serviceb| BBUSn| R2871574c| $29.95;

938 a| Coutts Information Servicesb| COUTn| 12785814;

938 a| Midwest Library Servicesb| MWSTn| 02414602010;

949 a| HB71 .B37 2011h| Joyner48i| 30372013133613o| jjlm;

910 a| PromptCat;

994 a| 92b| ERE;

596 a| 1;

998 a| 2614174;

999 a| HB71 .B37 2011w| LCc| 1i| 30372013133613d| 12/21/2011e| 12/6/2011l| JGESm| JOYNERr| Ys| Yt| JGESBKu| 11/28/2011x| BOOKz| JSTACKSo| .STAFF. jjlm;

Beyond the invisible hand : groundwork for a new economics / Kaushik Basu.

Author/creator	Basu, Kaushik
Format	Book
Publication Info	Princeton, NJ : Princeton University Press, ©2011.
Description	xv, 273 pages ; 25 cm
Subjects	Economics. Economic policy. Free enterprise.

Contents	In praise of dissent -- The theory of the invisible hand -- The limits of orthodoxy -- The economy according to law -- Markets and discrimination -- The chemistry of groups -- Contract, coercion, and intervention -- Poverty, inequality, and globalization -- Globalization and the retreat of democracy -- What is to be done?
Abstract	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 conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka--in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable--Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair.
Abstract	Using analytic tools from mainstream economics, the book challenges some of the precepts and propositions of mainstream economics. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable, and hence worth striving for.
Abstract	By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good. --Book Jacket.
Bibliography note	Includes bibliographical references (p. [235]-257) and index.
LCCN	2010012135
ISBN	9780691137162 (hbk. : alk. paper)
ISBN	0691137161 (hbk. : alk. paper)

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Joyner	General Stacks	HB71 .B37 2011	✔ Available	Place Hold

Beyond the invisible hand : groundwork for a new economics / Kaushik Basu.

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