Economics in a changed universe : Joseph E. Stiglitz, globalization, and the death of "free enterprise" / Gerald L. Houseman.

Format:

Book

Author/Creator:

Houseman, Gerald L.

Language:

English

Subjects (All):

Free enterprise.

Information theory in economics.

Globalization.

Stiglitz, Joseph E.

Physical Description:

xv, 157 pages ; 24 cm

Place of Publication:

Lanham : Lexington Books, [2008]

Summary:

A revolution in economics, politics, and international affairs has been shaped by the new economics of information. For the first time, we are able to look at our world through a lens illuminated by a more precise understanding of how economies work and how individuals, groups, and corporations react to them. All of the disciplines of the social sciences are affected by this development, but the greatest impact we can expect will be upon public policy-making. Joseph E. Stiglitz and his fellow Nobel Prize winners have demonstrated, with the precision and force of logic, reason, and mathematics, that the folklore of what has been regarded as "political economy" for the past 230 years has misled us with ideological and mystical but useless ideas such as "free enterprise" and the immutability of market "givens."

Contents:

A notable Nobel

The economics of information : a model of scientific performance and promise

The death of "free enterprise" and the power of information economics

Globalization : the pressing economic issue

Challenging the international economic order and the panaceas of privatization and deregulation

Multinational corporations : the major movers in the world economy.

Notes:

Includes bibliographical references (pages 145-147) and index.

ISBN:

9780739127148

0739127144

OCLC:

213133394