Details

Economics in a Changed Universe

Joseph E. Stiglitz, Globalization, and the Death of 'Free Enterprise'

von: Gerald L. Houseman
48,99 €
Verlag:	Lexington Books
Format:	PDF
Veröffentl.:	29.05.2008
ISBN/EAN:	9780739140796
Sprache:	englisch
Anzahl Seiten:	174

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Beschreibungen

Titelbeschreibung

A revolution in economics, politics, and international affairs has been shaped by the new economics of information. For the first time, we are able to look at our world through a lens illuminated by a much more precise understanding of how economies work and how individuals, groups, and corporations react to them. All of the disciplines of the social sciences are affected by this development but the greatest impact we can expect will be upon public policy-making. Joseph E. Stiglitz and his fellow Nobel Prize-winners have demonstrated, with the precision and force of logic, reason, and mathematics, that the folklore of what has been regarded as 'political economy' for the past two hundred and thirty years has misled us with ideological and mystical but useless ideas such as 'free enterprise' and the immutability of market 'givens.' Houseman describes and demonstrates the new resonance, liveliness, and optimism which characterize the economics of information, calling upon his own experience with 'Third World' issues and problems. He also looks at this new (but often ignored) economics as a challenge to the existing literature of the social sciences and to the practices and assumptions of policy-makers, interest groups such as environmentalists, labor, and multinational corporations, 'think tanks,' international organizations such as the IMF and World Bank, and political activists. Effectively arguing that the changed universe of economics requires any of us concerned with world affairs to re-think and adjust our assumptions, Houseman provides us with the necessary insight to apply this new paradigm to real-world problems.

Titelkurzbeschreibung

This book explains how the revolution in economics, wrought by Joseph E. Stiglitz and the economics of information, has provided us with new methods and answers to solving economic problems, especially for the poor nations of the world. It brings 230 years of economic thought and folklore into question and shows us that 'free enterprise' and the 'market' that we once respected does not exist.

Inhaltsverzeichnis

Chapter 1 Table of Contents
 Chapter 2 Preface
 Chapter 3 Introduction
 Chapter 4 1. A Notable Nobel
 Chapter 5 2. The Economics of Information: A Model of Scientific Performance and Promise
 Chapter 6 3. The Death of "Free Enterprise" and the Power of Information Economics
 Chapter 7 4. Globalization: The Pressing Economic Issue
 Chapter 8 5. Challenging the International Economic Order and the Panaceas of Privatization and Deregulation
 Chapter 9 6. Multinational Corporations: The Major Movers in the International Economy
 Chapter 10 Conclusion: Thinking and Working Within the New Universe of Economics
 Chapter 11 Notes
 Chapter 12 Appendix A: Landmarks in the Evolution of the Economics of Information
 Chapter 13 Appendix B: Research Contributions of George Akerlof, Michael Spence, and Bruce C. N. Greenwald
 Chapter 14 Appendix C: Organizations Now Without Purpose as a Result of the Findings of the Economics of Information
 Chapter 15 Appendix D: The Altered Literature of Economics Within the Changed Universe
 Chapter 16 Bibliography
 Chapter 17 Index
 Chapter 18 About the Author