Economics Unmasked: From Power and Greed to Compassion and the Common Good

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Overview


The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty; it also threatens all forms of life - indeed life itself. Economics Unmasked presents a cogent critique of the dominant economic system in order to help transform our society into one in which all forms of life will be protected. The first part of this book is devoted to showing that the theoretical constructions that have been selected, work mainly to bring about injustice. The second part is concerned with what should be the foundations of a new economics where justice, human dignity, compassion and reverence for life must be the guiding values.
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More About This Book

Overview


The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty; it also threatens all forms of life - indeed life itself. Economics Unmasked presents a cogent critique of the dominant economic system in order to help transform our society into one in which all forms of life will be protected. The first part of this book is devoted to showing that the theoretical constructions that have been selected, work mainly to bring about injustice. The second part is concerned with what should be the foundations of a new economics where justice, human dignity, compassion and reverence for life must be the guiding values.

Product Details

  • ISBN-13: 9781900322706
  • Publisher: Green Books UK
  • Publication date: 4/21/2011
  • Pages: 200
  • Sales rank: 136,309
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.60 (d)

Meet the Author


Manfred Max-Neef is a Chilean-German economist and environmentalist. He is Professor of Ecological Economics in the Southern University of Chile, and Director of the Economics Institute. His book "Human Scale Development" has been recognized by Cambridge University as one of the fifty most important texts in Sustainability.

Philip Bartlett Smith (1923-2005) was a Dutch-American experimental physicist who after his retirement devoted himself to studying economics and economic theories. He was co-author with S.E. Okoya, J. de Wilde and P. Deshingkar of "The World at the Crossroads: Towards a sustainable, equitable and livable world; A Report to the Pugwash Council" (Earthscan 1994).

Table of Contents

Preface 7

Introduction: the case for a new economics 10

1 From knowledge to understanding 14

2 The function of economics in society 21

3 Keynesianism: its rise and fall 30

4 Honesty and value premises 52

5 Imitation of the exact sciences: reductionism, mathematical models and Pareto 62

6 Economic growth 69

7 Globalization 96

8 Compassion 119

9 The world on a collision course and the need for a new economics 128

10 A humane economics for the twenty-first century 139

11 The United States: an underdeveloping nation 155

12 A non-toxic teaching of economics 163

13 Implementation: from the village to a global order 172

References and notes 188

Index 196

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