Coverart for item
The Resource Principles of economics for a post-meltdown world, John Komlos

Principles of economics for a post-meltdown world, John Komlos

Label
Principles of economics for a post-meltdown world
Title
Principles of economics for a post-meltdown world
Statement of responsibility
John Komlos
Creator
Subject
Language
eng
Summary
This brief emphasizes the ways in which introductory economics textbooks incorrectly rely on assumptions about the free market, the rational agent model, market fundamentalism, and standard long-standing assumptions in economics, and in doing so disregard the effects of incomplete and asymmetric information on choice and on allocation, and maintain a general but flawed belief that competitive markets can always provide efficient solutions automatically. In other words, the standard economics principles textbook is anachronistic, they assume that tastes are exogenous, they overlook interdependencies and externalities not only in production but in consumption of goods, and they overlook the fact that path-dependence is a major hindrance to optimization. Mainstream principles of economics textbooks distort our worldview with immense political and cultural consequences. Students of these principles deserve a more complete perspective, and this brief critiques that conventional worldview and provides an alternative perspective, with an emphasis on free-market economics wherein the human element should be paramount and moral judgments should override market outcomes. In other words, what is important is not GNP as much as the quality of life, not institutions but how people live and fare in them. This brief argues that economics cannot be a science; it has too many ideological aspects, and in many ways conventional textbooks are not providing a true-to-life depiction of the economy. This Brief will be a reference or supplemental text for college and university students enrolled in such applied undergraduate and graduate courses and seminars in economics and economic theory
Member of
Cataloging source
IDEBK
http://library.link/vocab/creatorDate
1944-
http://library.link/vocab/creatorName
Komlos, John
Dewey number
330
Index
no index present
LC call number
  • HB171.5
  • HB71-74
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
SpringerBriefs in economics
http://library.link/vocab/subjectName
Economics
Label
Principles of economics for a post-meltdown world, John Komlos
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction -- Basic Concepts -- Micro: Supply and Demand in the Product Markets -- Micro: Supply and Demand in the Factor Markets -- Applications of Economic Principles -- Macroeconomics Economic Growth and Business Cycles -- Growth, Development and the Global Economy -- Unemployment, Inflation, and Economic Policy -- Conclusion -- Endnotes
Dimensions
unknown
Extent
1 online resource.
Form of item
online
Isbn
9783319278285
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
System control number
ocn935640598
Label
Principles of economics for a post-meltdown world, John Komlos
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction -- Basic Concepts -- Micro: Supply and Demand in the Product Markets -- Micro: Supply and Demand in the Factor Markets -- Applications of Economic Principles -- Macroeconomics Economic Growth and Business Cycles -- Growth, Development and the Global Economy -- Unemployment, Inflation, and Economic Policy -- Conclusion -- Endnotes
Dimensions
unknown
Extent
1 online resource.
Form of item
online
Isbn
9783319278285
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
System control number
ocn935640598

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