Economics for the Common Good

This textbook presents an introduction to the central issues of social economics. Building on a venerable social economics tradition, the book recommends a more rational economic order and proposes new principles of economic policy. The issues covered include:

* the inadequacy of individualistic economics in guiding the policy maker

* a critique of economic rationality

* rethinking of the modern business corporation

* a critical look at markets as panacea

* the harmful effects of international competition

* environmental problems.

The book introduces social economic concepts and challenges the reader to look beyond the confines of mainstream economic thinking to find a solution to these critical issues.