Economics for the Common Good

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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.