Economics In A Changed Universe

Economics In A Changed Universe

by Gerald L. Houseman
     
 

ISBN-10: 0739127152

ISBN-13: 9780739127155

Pub. Date: 06/01/2009

Publisher: Lexington Books

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

Overview

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.

Product Details

ISBN-13:
9780739127155
Publisher:
Lexington Books
Publication date:
06/01/2009
Edition description:
New Edition
Pages:
174
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Table of Contents

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

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