| Description |
1 online resource (223 pages) |
| Series |
Routledge Frontiers of Political Economy |
|
Routledge frontiers of political economy.
|
| Contents |
Cover; Title; Copyright; Dedication; Contents; List of figures; List of tables; Preface; 1 In praise of common sense; 2 The limits to markets; 3 Ecstasy economics; 4 The role of managers; 5 Ethics, incentives and affordability; 6 Justice; 7 Globalisation; 8 Labour market flexibility; 9 On booms and busts; 10 What is to be done?; Index |
| Summary |
After the 'financial crisis' and 'Great Recession', some have called for replacing standard economic theory by heterodox models based upon behavioural approaches. The Responsible Economy argues that there is nothing wrong with economic theory. Instead, the problem has been a 'devil's pact' of simplistic pro-market economics combined with simplistic Keynesian monetary policy. This book revisits the fundamental theorems in economics that state the conditions for markets to achieve efficiency. It has long been known that there are limitations of markets in dealing with externalities, increasing r |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Economics.
|
|
Economics -- Sociological aspects.
|
|
economics.
|
|
Economics
|
|
Economics -- Sociological aspects
|
| Form |
Electronic book
|
| ISBN |
9781317594154 |
|
1317594150 |
|
