Economics for the Common Good

This volume provides an introduction to economics in terms of human rather than material welfare. In the face of increasing marketization, declining community and growing inequality, the author argues the case for a broader, more sensitive economic science. Building on a venerable social economics tradition, the volume proposes a more rational economic order and develops new principles of economic policy. The issues covered include: * the inadequacy of individualistic economics in guiding policy formation * a logical critique of economic rationality * rethinking of the modern business corporation * a critique of modern trade theory and unregulated international competition * how standard economic theory encourages major ecological problems Economics for the Common Good introduces social economic concepts and demonstrates their continuing relevance to the ills of an increasingly global society. In approaching problems generally conceived to be purely economic, from a social and ecological perspective centred on basic material needs, human dignity, and the laws of physics, the author explores the vital interface between economics, ethics and politics. The reader is challenged to look beyond the confines of mainstream economic thinking to find new solutions to some of the fundamental issues facing us today. As such it will be of interest to students of economics, philosophy, sociology and politics.