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Rediscovering social economicsbeyond...

Johnson, Roger D.

Rediscovering social economicsbeyond the neoclassical paradigm /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Rediscovering social economicsby Roger D. Johnson.
Reminder of title:	beyond the neoclassical paradigm /
Author:	Johnson, Roger D.
Published:	Cham :Springer International Publishing :2017.
Description:	xv, 191 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	EconomicsSociological aspects.
Online resource:	http://dx.doi.org/10.1007/978-3-319-51265-5
ISBN:	9783319512655$q(electronic bk.)

Rediscovering social economicsbeyond the neoclassical paradigm /
Johnson, Roger D.

Rediscovering social economicsbeyond the neoclassical paradigm /[electronic resource] :by Roger D. Johnson. - Cham :Springer International Publishing :2017. - xv, 191 p. :ill., digital ;24 cm. - Perspectives from social economics. - Perspectives from social economics..

1. The Foundations of Economics -- 2. The Political and Moral Dimension of Economics -- 3. The Moral and Social Problem of Scarcity -- 4. Social Welfare, Markets and Efficiency -- 5. Understanding Human Choice -- 6. Challenges to Homo Economicus -- 8. The Supply of Labor -- 10. Labor Market Equilibrium? -- 11. The Mondragon Alternative -- 12. Financial Markets and the Growth of Plutonomies -- 13. The Evolving Dialogue.

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.

ISBN: 9783319512655$q(electronic bk.)

Standard No.: 10.1007/978-3-319-51265-5doiSubjects--Topical Terms:

184869
Economics
--Sociological aspects.

LC Class. No.: HM548 / .J64 2017

Dewey Class. No.: 306.3

Rediscovering social economicsbeyond the neoclassical paradigm /
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505 0 $a 1. The Foundations of Economics -- 2. The Political and Moral Dimension of Economics -- 3. The Moral and Social Problem of Scarcity -- 4. Social Welfare, Markets and Efficiency -- 5. Understanding Human Choice -- 6. Challenges to Homo Economicus -- 8. The Supply of Labor -- 10. Labor Market Equilibrium? -- 11. The Mondragon Alternative -- 12. Financial Markets and the Growth of Plutonomies -- 13. The Evolving Dialogue.
520 $a 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.
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