Economics for the Common Good

Author: Jean Tirole

Publisher: Princeton University Press

ISBN: 1400889146

Category: Business & Economics

Page: 576

View: 2868

From Nobel Prize–winning economist Jean Tirole, a bold new agenda for the role of economics in society When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society.
Posted in Business & Economics

Economics for the Common Good

Author: Jean Tirole,Steven Rendall

Publisher: N.A

ISBN: 9780691175164

Category: Business & Economics

Page: 584

View: 9201

When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the Euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society.
Posted in Business & Economics

Economics for the Common Good

Two Centuries of Economic Thought in the Humanist Tradition

Author: Mark A Lutz

Publisher: Routledge

ISBN: 113476409X

Category: Business & Economics

Page: 320

View: 2666

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.
Posted in Business & Economics

Theology and Economics

A Christian Vision of the Common Good

Author: Jeremy Kidwell

Publisher: Springer

ISBN: 1137536519

Category: Religion

Page: 293

View: 3447

This volume brings together a prominent group of Christian economists and theologians to provide an interdisciplinary look at how we might use the tools of economic and theological reasoning to cultivate more just and moral economies for the 21st century.
Posted in Religion

For the Common Good

Redirecting the Economy Toward Community, the Environment, and a Sustainable Future

Author: Herman E. Daly,John B. Cobb,Clifford W. Cobb

Publisher: Beacon Press

ISBN: 9780807047057

Category: Business & Economics

Page: 534

View: 4513

Winner of the Grawemeyer Award for Ideas Improving World Order 1992, Named New Options Best Political Book Economist Herman Daly and theologian John Cobb, Jr., demonstrate how conventional economics and a growth-oriented industrial economy have led us to the brink of environmental disaster, and show the possibility of a different future. Named as one of the Top 50 Sustainability Books by University of Cambridges Programme for Sustainability Leadership and Greenleaf Publishing.
Posted in Business & Economics

Financial Crises, Liquidity, and the International Monetary System

Author: Jean Tirole

Publisher: Princeton University Press

ISBN: 9780691099859

Category: Business & Economics

Page: 151

View: 3076

Tirole analyzes the current views on financial crises and on the reform of the international financial architecture. Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policy makers, and students at all levels will find indispensable.
Posted in Business & Economics

Change Everything

Creating an Economy for the Common Good

Author: Christian Felber

Publisher: Zed Books Ltd.

ISBN: 1783604751

Category: Business & Economics

Page: 272

View: 9775

Is it possible for businesses to have a bottom line that is not profit and endless growth, but human dignity, justice, sustainability and democracy? Or an alternative economic model that is untainted by the greed and crises of current financial systems? Christian Felber says it is. Moreover, in Change Everything he shows us how. The Economy for the Common Good is not just an idea, but has already become a broad international movement with thousands of people, hundreds of companies, and dozens of communities and organizations participating, developing and implementing it. Published in English for the first time, this is a remarkable blueprint for change that will profoundly influence debates on reshaping our economy for the future.
Posted in Business & Economics

The Darwin Economy

Liberty, Competition, and the Common Good

Author: Robert H. Frank

Publisher: Princeton University Press

ISBN: 0691156689

Category: Business & Economics

Page: 246

View: 2241

Argues that ecologist Charles Darwin's understanding of competition describes economic reality far more accurately than economist Adam Smith's theories ever did.
Posted in Business & Economics

Economics Unmasked

From Power and Greed to Compassion and the Common Good

Author: Philip Bartlett Smith,Manfred A. Max-Neef

Publisher: N.A

ISBN: 9781900322706

Category: Business & Economics

Page: 200

View: 584

Posted in Business & Economics

Economics Rules

Why Economics Works, When It Fails, and How to Tell the Difference

Author: Dani Rodrik

Publisher: Oxford University Press, USA

ISBN: 0198736894

Category: Economic policy

Page: 176

View: 3223

The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. This book offers both a defence and critique of economics. Economists' way of thinking about social phenomena has greatadvantages. But the flexible, contextual nature of economics is also its Achilles' heel in the hands of clumsy practitioners.
Posted in Economic policy

Economism

Bad Economics and the Rise of Inequality

Author: James Kwak

Publisher: Vintage

ISBN: 1101871202

Category: Business & Economics

Page: 256

View: 5676

Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half-truths. Economism: an ideology that distorts the valid principles and tools of introductory college economics, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits. In order to illuminate the fallacies of economism, James Kwak first offers a primer on supply and demand, market equilibrium, and social welfare: the underpinnings of most popular economic arguments. Then he provides a historical account of how economism became a prevalent mode of thought in the United States—focusing on the people who packaged Econ 101 into sound bites that were then repeated until they took on the aura of truth. He shows us how issues of moment in contemporary American society—labor markets, taxes, finance, health care, and international trade, among others—are shaped by economism, demonstrating in each case with clarity and élan how, because of its failure to reflect the complexities of our world, economism has had a deleterious influence on policies that affect hundreds of millions of Americans.
Posted in Business & Economics

Free Markets and the Culture of Common Good

Author: Martin Schlag,Juan Andrés Mercado

Publisher: Springer Science & Business Media

ISBN: 9400729901

Category: Philosophy

Page: 260

View: 7001

Recent economic development and the financial and economic crisis require a change in our approach to business and finance. This book combines theology, economy and philosophy in order to examine in detail the idea that the functioning of a free market economy depends upon sound cultural and ethical foundations. The free market is a cultural achievement, not only an economic phenomenon subject to technical rules of trade and exchange. It is an achievement which lives by and depends upon the values and virtues shared by the majority of those who engage in economic activity. It is these values and virtues that we refer to as culture. Trust, credibility, loyalty, diligence, and entrepreneurship are the values inherent in commercial rules and law. But beyond law, there is also the need for ethical convictions and for global solidarity with developing countries. This book offers new ideas for future sustainable development and responds to an increasing need for a new sense of responsibility for the common good in societal institutions and good leadership.
Posted in Philosophy

Natural Law, Economics and the Common Good

Perspectives from Natural Law

Author: Samuel Gregg,Harold James

Publisher: Andrews UK Limited

ISBN: 1845403908

Category: Business & Economics

Page: 355

View: 3705

In the wake of the financial crisis of 2008 and ongoing debt-related troubles there have been widespread calls to put banking and economic activity on a secure ethical foundation, either by regulation or through voluntary reform. In this volume a distinguished set of authors explore various economic, philosophical, and ethical ideas from historical, contemporary, and future-looking perspectives. At the core are two related ideas much mentioned but far more rarely examined: the idea of natural law and that of the common good. In these essays the foundations and meaning of these notions are carefully studied and put to work in examining the nature and scope of ethics in relation to global economics.
Posted in Business & Economics

Capital and the Common Good

How Innovative Finance Is Tackling the World's Most Urgent Problems

Author: Georgia Levenson Keohane

Publisher: Columbia University Press

ISBN: 023154166X

Category: Business & Economics

Page: 272

View: 7232

Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity. Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.
Posted in Business & Economics

Land Resource Economics and Sustainable Development

Economic Policies and the Common Good

Author: G. Cornelis Van Kooten

Publisher: UBC Press

ISBN: 0774844566

Category: Business & Economics

Page: 460

View: 8191

'This text seeks to provide an introduction to issues of land use and the economic tools that are used to resolve land-use conflicts. In particular, tools of economic analysis are used to address allocation of land among alternative uses in such a way that the welfare of society is enhanced. Thus, the focus is on what is best for society and not what is best for an individual, a particular group of individuals, or a particular constituency. What this text seeks to provide is a balanced and just approach to decision-making concerning allocation of land.' -- from the Introduction
Posted in Business & Economics

Can Finance Save the World?

Regaining Power Over Money to Serve the Common Good

Author: Bertrand Badré

Publisher: Berrett-Koehler Publishers

ISBN: 1523094222

Category: Business & Economics

Page: 288

View: 4780

Can Finance Save the World? Regaining Power over Money to Serve the Common Good Just as Thomas Piketty offered a sweeping critique and progressive reassessment of capitalism, former World Bank Group chief financial officer Bertrand Badré looks at the destructive role finance played in the global economic crisis of 2007–2008 and offers a bold prescription for making it a force for good. Badré says that finance is inherently neither good nor bad. It's just a tool—the most powerful tool on earth. Used correctly, it can be at the heart of the way we address many of the world's biggest problems, ranging from climate change to the eradication of poverty to building much-needed infrastructure. He describes innovations in financial tools and approaches that are already happening around the world and looks at the role regulation can play in channeling the power of finance in a positive direction. He details options for strengthening international cooperation for financial stability and prosperity and overcoming the blinkered nationalism currently on the rise. And he tells what is working and what needs to change in financing the sustainable development of the world. This book is rich with practical examples, some developed by Badré himself. For instance, he describes how at the World Bank he devised an innovative way to use insurance, a financial tool rarely considered in international development, to buttress fragile emerging economies against natural disasters and pandemics. Initiatives like these show that, as Badré writes, “when controlled and used intelligently, with benevolence and inventiveness, finance can accomplish great things.”
Posted in Business & Economics

Navigating the Common Good in Teacher Education Policy

Critical and International Perspectives

Author: Nikola Hobbel,Barbara L. Bales

Publisher: Routledge

ISBN: 1351252283

Category: Education

Page: 238

View: 9937

Navigating the Common Good in Teacher Education Policy examines the changing relationships between the state and the common (or public) good. Using teacher education policy as the frame of analysis, the authors examine history, cultural context, and lived experiences in 12 countries and the European Union to explicate which notions of justice, social inclusion and exclusion, and citizenship emerge. By situating teacher education policy within a larger philosophical framework regarding the relationship between the state and conceptions of the "common good," this book analyzes the ideological and political desires of the state---how the state understands the common good, the future of national identity, and to what end schooling is imagined.
Posted in Education

Why We Need the Humanities

Life Science, Law and the Common Good

Author: Donald Drakeman

Publisher: Springer

ISBN: 1137497475

Category: Literary Criticism

Page: 179

View: 9788

An entrepreneur and educator highlights the surprising influence of humanities scholarship on biomedical research and civil liberties. This spirited defence urges society to support the humanities to obtain continued guidance for public policy decisions, and challenges scholars to consider how best to fulfil their role in serving the common good.
Posted in Literary Criticism

Beyond Growth

The Economics of Sustainable Development

Author: Herman E. Daly

Publisher: Beacon Press

ISBN: 9780807047095

Category: Business & Economics

Page: 253

View: 3805

Named one of a hundred "visionaries who could change your life" by the Utne Reader, Herman Daly has probably been the most prominent advocate of the need for a change in economic thinking in response to environmental crisis. An iconoclast economis t who has worked as a renegade insider at the World Bank in recent years, Daly has argued for overturning some basic economic assumptions. He has won a wide and growing reputation among a wide array of environmentalists, inside and outside the academy. In a book that will generate controversy, Daly turns his attention to the major environmental debate surrounding "sustainable development." Daly argues that the idea of sustainable development--which has become a catchword of environmentalism and international finance--is being used in ways that are vacuous, certainly wrong, and probably dangerous. The necessary solutions turn out to be muc h more radical than people suppose. This is a crucial updating of a major economist's work, and mandatory reading for people engaged in the debates about the environment. "Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader
Posted in Business & Economics

Me Medicine vs. We Medicine

Reclaiming Biotechnology for the Common Good

Author: Donna Dickenson

Publisher: Columbia University Press

ISBN: 0231159749

Category: Medical

Page: 296

View: 3656

Personalized healthcare -- or what the award-winning author Donna Dickenson calls "Me Medicine" -- is radically transforming our longstanding "one-size-fits-all" model. Technologies such as direct-to-consumer genetic testing, pharmacogenetically developed therapies in cancer care, private umbilical cord blood banking, and neurocognitive enhancement claim to cater to an individual's specific biological character, and, in some cases, these technologies have shown powerful potential. Yet in others they have produced negligible or even negative results. Whatever is behind the rise of Me Medicine, it isn't just science. So why is Me Medicine rapidly edging out We Medicine, and how has our commitment to our collective health suffered as a result? In her cogent, provocative analysis, Dickenson examines the economic and political factors fueling the Me Medicine phenomenon and explores how, over time, this paradigm shift in how we approach our health might damage our individual and collective well-being. Historically, the measures of "We Medicine," such as vaccination and investment in public-health infrastructure, have radically extended our life spans, and Dickenson argues we've lost sight of that truth in our enthusiasm for "Me Medicine." Dickenson explores how personalized medicine illustrates capitalism's protean capacity for creating new products and markets where none existed before -- and how this, rather than scientific plausibility, goes a long way toward explaining private umbilical cord blood banks and retail genetics. Drawing on the latest findings from leading scientists, social scientists, and political analysts, she critically examines four possible hypotheses driving our Me Medicine moment: a growing sense of threat; a wave of patient narcissism; corporate interests driving new niche markets; and the dominance of personal choice as a cultural value. She concludes with insights from political theory that emphasize a conception of the commons and the steps we can take to restore its value to modern biotechnology.
Posted in Medical