Buch, Englisch, 296 Seiten, Format (B × H): 165 mm x 231 mm, Gewicht: 466 g
A New Defence of Free-Market Economics
Buch, Englisch, 296 Seiten, Format (B × H): 165 mm x 231 mm, Gewicht: 466 g
Reihe: Routledge Foundations of the Market Economy
ISBN: 978-0-415-71069-5
Verlag: Taylor & Francis Ltd
In arguing for a consistent moral basis for the free-market view, we depart from both the Austrian and neoclassical traditions by acknowledging that rationality is not a satisfactory starting point. This rejection of rationality as the complete motivator for human economic behaviour throws constitutional economics and the law-and-economics tradition into new relief, revealing these approaches as governed by considerations derived by various notions of social efficiency, rather than by principles consistent with individual freedom, including freedom to choose.
This book shows that the solution is in fact a better understanding of the lessons taught by the Scottish Enlightenment: the role of the political context is to ensure that the individual can pursue his own ends, free from coercion. This also implies individual responsibility, respect for somebody else’s preferences and for his entrepreneurial instincts. Social virtue is not absent from this understanding of politics, but rather than being defined through the priorities of policy-makers, it emerges as the outcome of interaction among self-determining individuals. The strongest and most consistent case for free-market economics, therefore, rests on moral philosophy, not on some version of static-efficiency theorizing.
This book should be of interest to students and researchers focussing on economic theory, political economics and the philosophy of economic thought, but is also written in a non-technical style making it accessible to an audience of non-economists.
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
- Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
Weitere Infos & Material
1. Introduction 2. On the Nature and Scope of Economic Reasoning 3. Time, Rationality, Cooperation 4. Institutions 5. Social Contracts and Historical Rules 6. Legitimacy and Efficiency: An Introduction to Transaction Costs and Law and Economics 7. The Normative Agendas of the Law and Economics Approach 8. Growth and Crises Reconsidered 9. Poverty and Transition 10. Final Remarks on the Economic Way of Thinking