Rediscovering Social Economics

Beyond the Neoclassical Paradigm

Business & Finance, Career Planning & Job Hunting, Labor, Economics, Theory of Economics
Cover of the book Rediscovering Social Economics by Roger D. Johnson, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roger D. Johnson ISBN: 9783319512655
Publisher: Springer International Publishing Publication: February 23, 2017
Imprint: Palgrave Macmillan Language: English
Author: Roger D. Johnson
ISBN: 9783319512655
Publisher: Springer International Publishing
Publication: February 23, 2017
Imprint: Palgrave Macmillan
Language: English

This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith’s contributions to show how they reach beyond neoclassical models that are too simplistic to reflect the growing interdependencies of market economies. He breaks down supposedly value-free neoclassical postulates to expose normative assumptions about economics and justice, demonstrating, for example, that the concept of market equilibrium is problematic because need-based behavior can produce involuntary unemployment even when a competitive labor market achieves equilibrium.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith’s contributions to show how they reach beyond neoclassical models that are too simplistic to reflect the growing interdependencies of market economies. He breaks down supposedly value-free neoclassical postulates to expose normative assumptions about economics and justice, demonstrating, for example, that the concept of market equilibrium is problematic because need-based behavior can produce involuntary unemployment even when a competitive labor market achieves equilibrium.

More books from Springer International Publishing

Cover of the book Health Care Systems Engineering for Scientists and Practitioners by Roger D. Johnson
Cover of the book Computational Fluid Dynamics by Roger D. Johnson
Cover of the book Artificial Life and Computational Intelligence by Roger D. Johnson
Cover of the book Nuclear Medicine Companion by Roger D. Johnson
Cover of the book XUV Pump-Probe Experiments on Diatomic Molecules by Roger D. Johnson
Cover of the book FIB Nanostructures by Roger D. Johnson
Cover of the book Ethical and Social Issues in the Information Age by Roger D. Johnson
Cover of the book The Digital Galactic Complex by Roger D. Johnson
Cover of the book Fractional-Order Devices by Roger D. Johnson
Cover of the book Distance, Symmetry, and Topology in Carbon Nanomaterials by Roger D. Johnson
Cover of the book The Concept of Time in Early Twentieth-Century Philosophy by Roger D. Johnson
Cover of the book Internet of Things and Smart Environments by Roger D. Johnson
Cover of the book Management and Leadership – A Guide for Clinical Professionals by Roger D. Johnson
Cover of the book Semigroups of Operators -Theory and Applications by Roger D. Johnson
Cover of the book Progress in Cryptology -- LATINCRYPT 2015 by Roger D. Johnson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy