Inclusive economic theory

Resource Information

The work Inclusive economic theory represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

Inclusive economic theory

Statement of responsibility

by Steven Rosefielde, Ralph W. Pfouts

Creator

• Rosefielde, Steven

Subject

• Economics
• Economics -- Philosophy

Language

eng

Summary

The goal of "Inclusive Economics" is to tie together various authoritative strands of contemporary economic theory into an easily comprehensible whole that illuminates the need for a broader approach to contemporary economic policymaking undistorted by obsolete 18th century rationalist assumptions about utility, ethics, worthiness and traditional culture. This is accomplished by elaborating the rationalist competitive ideal along the optimizing lines pioneered by Paul Samuelson (neoclassical economics); plumbing modifications necessitated by Herbert Simon's realist concepts of "bounded rationality" and "satisficing"; refined further by applying a pragmatist outlook to probe the consequences of relaxing Enlightenment teleological, ethical, spiritual and cultural taboos. The exercise will explain why competitive market economies guided by rational utility-seeking invariably are less productive, efficient, just and beneficent than most theorists concede, and will illuminate the full range of interventions needed to achieve better outcomes. We call this program in its entirety "Inclusive Economics", including the integration of micro and macroeconomics. Readership: Undergraduates, graduates, academics and professionals who are interested in economic theory and mathematical economics. Policymakers who are in need of a broad practical approach to contemporary economic policymaking.--

Assigning source

Provided by Publisher

Cataloging source

AU@

Index

no index present

Literary form

non fiction

Nature of contents

bibliography