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.

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Beyond the Invisible Hand canonical 1

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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 ⓘ
countryOfPublication 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 ⓘ
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 ⓘ
relatedWork The Wealth of Nations ⓘ

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Full triples — surface form annotated when it differs from this entity's canonical label.

Kaushik Basu → notableWork → Beyond the Invisible Hand ⓘ