A revolution in economics, politics, and international affairs has been shaped by the new economics of information. For the first time, we are able to look at our world through a lens illuminated by a much more precise understanding of how economies work and how individuals, groups, and corporations react to them. All of the disciplines of the social sciences are affected by this development but the greatest impact we can expect will be upon public policy-making. Joseph E. Stiglitz and his fellow Nobel Prize-winners have demonstrated, with the precision and force of logic, reason, and mathematics, that the folklore of what has been regarded as "political economy" for the past two hundred and thirty years has misled us with ideological and mystical but useless ideas such as "free enterprise" and the immutability of market "givens."
Houseman describes and demonstrates the new resonance, liveliness, and optimism which characterize the economics of information, calling upon his own experience with "Third World" issues and problems. He also looks at this new (but often ignored) economics as a challenge to the existing literature of the social sciences and to the practices and assumptions of policy-makers, interest groups such as environmentalists, labor, and multinational corporations, "think tanks," international organizations such as the IMF and World Bank, and political activists. Effectively arguing that the changed universe of economics requires any of us concerned with world affairs to re-think and adjust our assumptions, Houseman provides us with the necessary insight to apply this new paradigm to real-world problems.
eBook - PDF
Economics in a Changed Universe
Joseph E. Stiglitz, Globalization, and the Death of 'Free Enterprise'
- 174 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Economics in a Changed Universe
Joseph E. Stiglitz, Globalization, and the Death of 'Free Enterprise'
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Table of contents
- Table of Contents
- Preface
- Introduction
- Chapter 01. A Notable Nobel
- Chapter 02. The Economics of Information: A Model of Scientific Performance and Promise
- Chapter 03. The Death of “Free Enterprise” and the Power of Information Economics
- Chapter 04. Globalization: The Pressing Economic Issue
- Chapter 05. Challenging the International Economic Order and the Panaceas of Privatization and Deregulation
- Chapter 06. Multinational Corporations: The Major Movers in the World Economy
- Conclusion: Accepting and Working Within the New Universe of Economics
- Notes
- Appendix A: Landmarks in the Evolution of the Economics of Information
- Appendix B: Research Contributions of George Akerlof, Michael Spence, and Bruce C. N. Greenwald
- Appendix C: Organizations Now Without Purpose as a Result of the Findings of the Economics of Information
- Appendix D: The Altered Literature of Economics Within the Changed Universe
- Bibliography
- Index
- About the Author
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Yes, you can access Economics in a Changed Universe by Gerald L. Houseman in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over 1.5 million books available in our catalogue for you to explore.