Beyond the Invisible Hand
E564504
Beyond the Invisible Hand is a book by economist Kaushik Basu that critically examines free-market ideology and argues for a more ethically grounded and institutionally aware approach to economics.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Beyond the Invisible Hand canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf | book ⓘ |
| argues |
economic policy must incorporate moral and ethical considerations
ⓘ
institutions shape individual incentives and behavior ⓘ markets alone cannot guarantee socially desirable outcomes ⓘ standard rational-choice models are incomplete ⓘ |
| author | Kaushik Basu NERFINISHED ⓘ |
| countryOfPublication |
United States of America
ⓘ
surface form:
United States
|
| criticizes |
laissez-faire economics
ⓘ
narrow self-interest assumptions in economics ⓘ unregulated free markets ⓘ |
| focusesOn |
collective action problems
ⓘ
coordination failures ⓘ limitations of the invisible hand metaphor ⓘ relationship between ethics and efficiency ⓘ role of institutions in markets ⓘ role of social norms in economic outcomes ⓘ |
| genre |
academic literature
ⓘ
economic literature ⓘ |
| hasAuthorProfession | economist ⓘ |
| hasKeyConcept |
institutional design
ⓘ
invisible hand ⓘ moral philosophy in economics ⓘ social norms ⓘ |
| hasPerspective | critical of simplistic market fundamentalism ⓘ |
| hasTheme |
cooperation and coordination in societies
ⓘ
design of economic institutions ⓘ ethics in economics ⓘ limits of market mechanisms ⓘ social justice and markets ⓘ |
| influencedBy |
Adam Smith
NERFINISHED
ⓘ
development economics ⓘ game theory ⓘ welfare economics ⓘ |
| intendedAudience |
economists
ⓘ
general readers interested in economic policy ⓘ policy makers ⓘ students of economics ⓘ |
| language | English ⓘ |
| mainSubject |
economic ethics
ⓘ
economics ⓘ free-market ideology ⓘ institutional economics ⓘ |
| proposes |
ethically grounded approach to economics
ⓘ
institutionally aware approach to markets ⓘ |
| publicationYear | 2010 ⓘ |
| publisher | Princeton University Press NERFINISHED ⓘ |
| relatedWork | The Wealth of Nations NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.