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Item Details
Title: ADAM'S FALLACY
A GUIDE TO ECONOMIC THEOLOGY
By: Duncan K. Foley
Format: Paperback

List price: £25.95
Our price: £20.76
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ISBN 10: 0674027299
ISBN 13: 9780674027299
Availability: Usually dispatched within 1-3 weeks.
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Publisher: HARVARD UNIVERSITY PRESS
Pub. date: 1 April, 2008
Pages: 288
Description: Attempts to explain the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. This book intends to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life.
Synopsis: This book could be called "The Intelligent Person's Guide to Economics." Like Robert Heilbroner's "The Worldly Philosophers", it attempts to explain the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. In between are chapters on Thomas Malthus, David Ricardo, Karl Marx, the marginalists, John Maynard Keynes, Friedrich Hayek, and Thorstein Veblen. The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.
Illustrations: 7 line illustrations, 1 table
Publication: US
Imprint: The Belknap Press
Returns: Returnable
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