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This textbook presents an introduction to the central issues of social economics. Building on a venerable social economics tradition, the book recommends a more rational economic order and proposes new principles of economic policy. The issues covered include:
• the inadequacy of individualistic economics in guiding the policy maker
• a critique of economic rationality
• rethinking of the modern business corporation
• a critical look at markets as panacea
• the harmful effects of international competition
• environmental problems.
The book introduces social economic concepts and challenges the reader to look beyond the confines of mainstream economic thinking to find a solution to these critical issues.
1. Introducing Social Economics
2. The Grandfather of Social Economics: J.C.L. Simonde de Sismondi
3. The Germination of Social Economics on British Soil
4. In Sismondi's Spirit: John A. Hobson
5. Ethics, Science and Economic Welfare
6. Tracking the Common Good
7. How Reasonable Is Economic Rationality?
8. Rethinking the Corporation?
9. Whither the Market and Globalization?
10. The Ultimate Challenge
11. Social Economics as an Alternative
Guide to Further Reading