Principles of Economics for a Post-Meltdown World

Más información sobre el libro

The book critiques the foundational assumptions of introductory economics textbooks, highlighting their reliance on outdated notions of free markets and rational agents. It argues that these texts ignore the impact of incomplete information, externalities, and path-dependence, leading to a distorted understanding of economic principles. Emphasizing the importance of human experience over abstract metrics like GNP, the author advocates for a more holistic perspective that incorporates moral judgments. This work serves as a supplemental resource for students seeking a deeper understanding of economic theory.