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Greed Self Interest And The Shaping Of Economics
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Book Synopsis Greed, Self-Interest and the Shaping of Economics by : Rudi Verburg
Download or read book Greed, Self-Interest and the Shaping of Economics written by Rudi Verburg and published by Routledge. This book was released on 2018-03-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the past of economics can contribute to today’s debates. The book considers how economics took shape as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explains how dreams of affluence, morality and happiness were built upon human greed and vanity. It covers the bumpy road of the construction and reconstruction of this dream, exploring the debate on the foundations, conditions and limitations of the idea of the social utility of greed and vanity. Revisiting this debate provides a rich source of ideas in rethinking economics and the basic beliefs concerning our economic system today.
Book Synopsis Greed in the History of Political Economy by : Rudi Verburg
Download or read book Greed in the History of Political Economy written by Rudi Verburg and published by . This book was released on 2018 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since 2008, profound questions have been asked about the driving forces and self-regulating potential of the economic system, political control and morality. With opinion turning against markets and self-interest, economists found themselves on the wrong side of the argument. This book explores how the economics of the past can contribute to todays debates.The book considers how political economy developed, as philosophers probed into the viability of commercial society and its potential to generate positive-sum outcomes. It explores how dreams of affluence, morality and happiness were built upon human greed and vanity. It presents a framework within which to contextualise present-day concerns about limits to growth, and through which we can rethink the basis of our economic system."--Provided by publisher.
Book Synopsis Everyday Greed: Analysis and Appraisal by : Michael S. Pritchard
Download or read book Everyday Greed: Analysis and Appraisal written by Michael S. Pritchard and published by Springer Nature. This book was released on 2021-07-30 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection examines how greed should be understood and appraised. Roundly condemned by virtually all religions, greed receives mixed appraisals in the domains of business and economics. The volume examines these mixed appraisals and how they fare in light of their implications for greed in our everyday world. Greed in children is uniformly criticized by parents, other adults, and even children’s peers. However, in adulthood, greed is commended by some as essential to profit-seeking in business and for offering the greatest promise in promoting economic prosperity for everyone. Those who advocate a more permissive position on greed in the adult world typically concede that some constraints on greed are needed. However, the supporting literature offers little analysis of what greed is (as distinct from, for example, the effort to meet modest needs, or the pursuit of ordinary self-interested ends). It offers little clarification of what sorts of constraints on greed are needed. Nor is careful attention given to difficulties children might have in making a transition without moral loss from regarding greed as inappropriate to its later qualified acceptance. Through a secular approach, this book attempts to make significant inroads in remedying these shortcomings.
Download or read book Greed written by Julian Edney and published by iUniverse. This book was released on 2005-06 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an immensely wealthy society but it is not a humane society. Greed has become a force creating precipitous inequalities, and divisions in this society now approach a kind of wealth apartheid, but greed is rarely seen as a moral wrong. This is not the first time the nation has produced huge economic inequalities. Today, as the free market continues its global advance, the values of democracy are being torn. Two ideologies popular in the era of robber barons appear to be rising again: laissez-faire and Social Darwinism. Freedom, coercion, debt, credit cards, meritocracy, sociopaths, environment and corporations are all examined. Is exploitation wrong? The free market conceals a cultural contradiction: the everyday workplace vs. democracy. How can we hope to export democracy if we don't have it? Our economic theory is antiquated and we need to step a little closer to modern reality. What motivates people in today's society: is it the pursuit of happiness, or is it surviving in an endless round of work-and-debt? Or is it the avoidance of fear? Remedies and how you can make a difference.
Book Synopsis Selfishness, Greed and Capitalism by : Christopher Snowdon
Download or read book Selfishness, Greed and Capitalism written by Christopher Snowdon and published by . This book was released on 2018 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This IEA publication deals head-on with a number of widely quoted myths about the market economy. In the case of the philosophical myths, such as the idea that economists believe that everybody is greedy, the author, Christopher Snowdon, carefully and entertainingly unpicks the misguided ideas that have taken hold. The author then moves on and effectively disposes of a number of economic myths using empirical evidence that is often ignored by commentators. This book is essential reading for all who wish to separate fact from fiction when it comes to understanding economic reasoning and evidence.
Download or read book Greed written by A. Brassey and published by Springer. This book was released on 2009-10-15 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: For all of the technical explanations for meltdown in the financial markets during the banking crisis, the most readily accepted and almost universal explanation is the single word 'greed'. This is a subject which can at once be seen as the disease at the heart of society and the motivating force behind the progress of mankind.
Book Synopsis An Economic Theory of Greed, Love, Groups, and Networks by : Paul Frijters
Download or read book An Economic Theory of Greed, Love, Groups, and Networks written by Paul Frijters and published by Cambridge University Press. This book was released on 2013-03-07 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are people loyal? How do groups form and how do they create incentives for their members to abide by group norms? Until now, economics has only been able to partially answer these questions. In this groundbreaking work, Paul Frijters presents a new unified theory of human behaviour. To do so, he incorporates comprehensive yet tractable definitions of love and power, and the dynamics of groups and networks, into the traditional mainstream economic view. The result is an enhanced view of human societies that nevertheless retains the pursuit of self-interest at its core. This book provides a digestible but comprehensive theory of our socioeconomic system, which condenses its immense complexity into simplified representations. The result both illuminates humanity's history and suggests ways forward for policies today, in areas as diverse as poverty reduction and tax compliance.
Download or read book Metaeconomics written by Gary D. Lynne and published by Springer Nature. This book was released on 2020-11-13 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the Metaeconomics Framework and Dual Interest Theory, which weave the empathy-based moral and ethical dimension back into key economic questions. Metaeconomics addresses the problem of placing too much emphasis on the market or the government, and thus argues that seeing the link between ego and empathy, self- and other-interest, and market and government will lead to a more just, fair, and sustainable polity. The unique Dual Interest Theory proposes that ego-based self-interest and empathy-based other-interest are joint and internal to each person: it maintains the original proposition from Adam Smith that each person maximizes their own-interest, which Metaeconomics makes clear involves balancing the two joint interests, although self-interest is more primal. The book begins with an explanation of how Metaeconomics connects the other kinds of economics. The book then provides a series of applications of Metaeconomics in heated policy issues, such as elections, finance, family, food, health, natural resources, education, taxes, and extreme inequality, among others. Finally, the book concludes that the only way to save capitalism is to bring empathy into both private and public actions and bring about a more humane balance in market and government.
Book Synopsis Divine Providence in Early Modern Economic Thought by : Joost Hengstmengel
Download or read book Divine Providence in Early Modern Economic Thought written by Joost Hengstmengel and published by Routledge. This book was released on 2019-05-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this important volume, Joost Hengstmengel examines the doctrine of divine providence and how it served as explanation and justification in economic debates in the sixteenth, seventeenth and eighteenth centuries throughout Western Europe. The author discusses five different areas in which God was associated with the economy: international trade, division of labour, value and price, self-interest, and poverty and inequality. Ultimately, it is shown that theological ideas continued to influence economic thought beyond the Medieval period, and that the science of economics as we know it today has theological origins. Interdisciplinary in nature, this book will be of interest to advanced students and researchers in the history of economic thought, the history of theology, philosophy and intellectual history.
Book Synopsis A Genealogy of Self-Interest in Economics by : Susumu Egashira
Download or read book A Genealogy of Self-Interest in Economics written by Susumu Egashira and published by Springer Nature. This book was released on 2021-01-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Book Synopsis Religion and the Rise of Capitalism by : Benjamin M. Friedman
Download or read book Religion and the Rise of Capitalism written by Benjamin M. Friedman and published by Vintage. This book was released on 2022-01-11 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of the nation's preeminent experts on economic policy, a major reassessment of the foundations of modern economic thinking that explores the profound influence of an until-now unrecognized force—religion. "Friedman has given us an original and brilliant new perspective on the terrifying divisions of our own times. No book could be more important.” —George A. Akerlof, Nobel Laureate in Economics Critics of contemporary economics complain that belief in free markets—among economists as well as many ordinary citizens—is a form of religion. And, it turns out, that in a deeper, more historically grounded sense there is something to that idea. Contrary to the conventional historical view of economics as an entirely secular product of the Enlightenment, Benjamin M. Friedman demonstrates that religion exerted a powerful influence from the outset. Friedman makes clear how the foundational transition in thinking about what we now call economics, beginning in the eighteenth century, was decisively shaped by the hotly contended lines of religious thought within the English-speaking Protestant world. Beliefs about God-given human character, about the after-life, and about the purpose of our existence, were all under scrutiny in the world in which Adam Smith and his contemporaries lived. Friedman explores how those debates go far in explaining the puzzling behavior of so many of our fellow citizens whose views about economic policies—and whose voting behavior—seems sharply at odds with what would be to their own economic benefit. Illuminating the origins of the relationship between religious thinking and economic thinking, together with its ongoing consequences, Friedman provides invaluable insights into our current economic policy debates and demonstrates ways to shape more functional policies for all citizens.
Download or read book Adam Smith written by Eric Schliesser and published by Oxford University Press. This book was released on 2017 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eric Schliesser's Adam Smith is the product of two decades' reflection by the author on the great Scottish Enlightenment. Unique among treatments of Adam Smith, Schliesser's book treats him as a systematic philosopher. Smith was a giant of the Scottish Enlightenment with polymath interests; Schliesser thus explores Smith's economics and ethics in light of his other commitments on the nature of knowledge, the theory of emotions, the theory of mind, his account of language, the nature of causation, and his views on methodology. He places Smith's ideas in the context of a host of other philosophers, especially Hume, Rousseau, and Newton; and he draws on the reception of Smith's ideas by Sophie de Grouchy, Mary Wollstonecraft, and other philosophers and economists to sketch the elements of, and the detailed connections within, Smith's system. Adam Smith traces the outlines of Smith's intellectual system and situates it in the context of his highly developed views on the norms that govern responsible speech. In particular, the book articulates Smith's concerns about the impact of his public policy recommendations, especially on the least powerful in society. In so doing, Schliesser offers new interpretations of Smith's views on the invisible hand, the Wealth of Nations, his treatment of virtue, the nature of freedom, the individual's relationship to society, his account of the passions, the moral roles of religion, and his treatment of the role of mathematics in economics. While the book does offer a single argument, it is organized in a modular fashion and includes a helpful index; readers with a more focused interest in Smith's achievements can skip to their section of interest.
Book Synopsis Greed, Lust & Gender by : Nancy Folbre
Download or read book Greed, Lust & Gender written by Nancy Folbre and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book dramatizes the history of self-interest by describing a centuries-long debate over greed, lust, and appropriate gender roles. Ranging from the 18th century to the present, it offers a deft and engaging critique of economic history and the history of ideas from a feminist perspective.
Book Synopsis Theology, Morality and Adam Smith by : Jordan J. Ballor
Download or read book Theology, Morality and Adam Smith written by Jordan J. Ballor and published by Routledge. This book was released on 2022-06-20 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work details the theological sources and moral significance of the life and work of the Scottish moral philosopher Adam Smith (1723–1790). The panel of contributors deepens our understanding of Adam Smith in his religious and theological context and the significance of this understanding for contemporary moral, economic, and political challenges to modern social life. The chapters cover a broad range of disciplinary and historical concerns, from Smith’s view of providence and his famous "invisible hand" to the role of self-interest and benevolence in Smith’s social and economic thought. A better appreciation for the moral and theological dimensions of Smith’s thought provides not only a better understanding of Smith’s own context and significance in the Scottish Enlightenment but also promises to assist in meeting the perennial challenges of properly connecting economic realities to moral responsibility. The book is of interest to advanced students and scholars of the history of economic thought, historical and moral theology, intellectual history, political science, and philosophy.
Book Synopsis Pathology of the Capitalist Spirit by : D. Levine
Download or read book Pathology of the Capitalist Spirit written by D. Levine and published by Springer. This book was released on 2013-04-05 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pathology of the Capitalist Spirit is about capital and about the economic system that bears its name. In this book, Levine argues that our pursuit of ever-more wealth in the form of capital expresses our dissatisfaction with the world we live in, with what we have and what we don't have. Capital embodies our hope for something different. Because capital embodies this hope, it has become desire's object. In his study of capitalism, Levine explores the meaning of capital as a social reality connected to fundamental human aspirations. The link between capital and the pursuit of a hoped-for state is especially important in light of the stubborn insistence on the part of its critics that capitalism exists to serve the material interests of those whose vocation is to own capital. This misunderstanding ignores what is essential about capital, which is its link not to interests but to hope, especially the hope that by accumulating capital the individual can achieve an attachment to the good. It is this hope that blocks tolerance of any notion that there is something unfair in the capitalist's acquisition of wealth and that fairness can be achieved through its redistribution to others. It is also this hope that animates the capitalist system as a whole. And in that sense, this hope is the spirit of capitalism. To develop this theme, Levine calls on the ideas and writings of major theorists involved with understanding modernity and capitalism: Adam Smith, Karl Marx, Max Weber, Emile Durkheim, and Joseph Schumpeter.
Book Synopsis Is the Market Moral? by : Rebecca M. Blank
Download or read book Is the Market Moral? written by Rebecca M. Blank and published by Rowman & Littlefield. This book was released on 2003-12-31 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions—equality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism. Their arguments are grounded in both economic sophistication and religious commitment. Rebecca Blank is an economist by training and describes herself as "culturally Protestant in the habits of mind and heart." She has also chaired the committee that wrote the statement on Christian faith and economic life adopted by the United Church of Christ. Addressing market failure, for her, requires that sometimes "freedom to choose" give way to other human values. William McGurn, a journalist and a Roman Catholic, uses his expertise in economics to reflect on the teachings of the church concerning the morality of the market. For McGurn, humans reach their fullest potential when they are free from the constraints of others. He writes that "our quarrel is not so much with Adam Smith or Milton Friedman but with the Providence that so clearly designed man to be his most prosperous at his most free." This book grapples with the new imperatives of a global economy while working in the classic tradition of political economy which always treated seriously the questions of morality, justice, productivity, and freedom.
Book Synopsis Why Nations Fail by : Daron Acemoglu
Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
