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
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 ...