Socio-Economics: An Interdisciplinary Approach

Ethics, Institutions, and Markets

Business & Finance, Economics, Theory of Economics, Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Socio-Economics: An Interdisciplinary Approach by Beat Bürgenmeier, Springer Netherlands
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Beat Bürgenmeier ISBN: 9789401129664
Publisher: Springer Netherlands Publication: December 6, 2012
Imprint: Springer Language: English
Author: Beat Bürgenmeier
ISBN: 9789401129664
Publisher: Springer Netherlands
Publication: December 6, 2012
Imprint: Springer
Language: English

This book is intended as a warning against the kind of hard-core liberalism which blames state intervention for the disappointing results achieved in matters of macroeconomic, competition and social welfare policy. In calling attention to the social dimension of economics, the book stresses the need for an ethical yardstick which can only be pro­ vided by an interdisciplinary approach to the economy. One current school of thought claims to have bridged the gap by por­ traying economics as both positive and normative. However, this inter­ pretation is inadequate. The positive aspect of economics, reflecting an approach common in the natural sciences, is based on observable facts. It highlights causal relationships and seeks to analyse economic mechanisms on the basis of available information. This has led to an emphasis on purely deductive methods, which form the basis for many of the conclusions in main­ stream economics. This current of thought is typified by the neoclassical school, which takes as its main premise the much-disputed hypothesis of economic rationality. Human behaviour is deemed to be rational when consumers maximize their satisfaction and producers their profits, sub­ ject to the constraints of income and production costs respectively. Opt­ imal strategies for both consumers and producers can best be determined by the mechanism of market forces.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is intended as a warning against the kind of hard-core liberalism which blames state intervention for the disappointing results achieved in matters of macroeconomic, competition and social welfare policy. In calling attention to the social dimension of economics, the book stresses the need for an ethical yardstick which can only be pro­ vided by an interdisciplinary approach to the economy. One current school of thought claims to have bridged the gap by por­ traying economics as both positive and normative. However, this inter­ pretation is inadequate. The positive aspect of economics, reflecting an approach common in the natural sciences, is based on observable facts. It highlights causal relationships and seeks to analyse economic mechanisms on the basis of available information. This has led to an emphasis on purely deductive methods, which form the basis for many of the conclusions in main­ stream economics. This current of thought is typified by the neoclassical school, which takes as its main premise the much-disputed hypothesis of economic rationality. Human behaviour is deemed to be rational when consumers maximize their satisfaction and producers their profits, sub­ ject to the constraints of income and production costs respectively. Opt­ imal strategies for both consumers and producers can best be determined by the mechanism of market forces.

More books from Springer Netherlands

Cover of the book Socio-scientific Issues in the Classroom by Beat Bürgenmeier
Cover of the book African Legal Theory and Contemporary Problems by Beat Bürgenmeier
Cover of the book Tumors of the Central Nervous system, Volume 3 by Beat Bürgenmeier
Cover of the book Tropical Rain Forest: A Wider Perspective by Beat Bürgenmeier
Cover of the book Teacher Professional Learning in an Age of Compliance by Beat Bürgenmeier
Cover of the book Two-dimensional Echocardiography in Infants and Children by Beat Bürgenmeier
Cover of the book Linear and Nonlinear Control of Small-Scale Unmanned Helicopters by Beat Bürgenmeier
Cover of the book Moral Acquaintances and Moral Decisions by Beat Bürgenmeier
Cover of the book Quantum Simulations of Materials and Biological Systems by Beat Bürgenmeier
Cover of the book General Reports of the XIXth Congress of the International Academy of Comparative Law Rapports Généraux du XIXème Congrès de l'Académie Internationale de Droit Comparé by Beat Bürgenmeier
Cover of the book Green Defense Technology by Beat Bürgenmeier
Cover of the book Heidegger on Art and Art Works by Beat Bürgenmeier
Cover of the book Triggering of Acute Coronary Syndromes by Beat Bürgenmeier
Cover of the book Money, Financial Institutions and Macroeconomics by Beat Bürgenmeier
Cover of the book Metaarchaeology by Beat Bürgenmeier
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy