LEADER 04129nam 22005775 450 001 9910255059603321 005 20200705121713.0 010 $a3-319-27828-2 024 7 $a10.1007/978-3-319-27828-5 035 $a(CKB)3710000000577054 035 $a(EBL)4338385 035 $a(DE-He213)978-3-319-27828-5 035 $a(MiAaPQ)EBC4338385 035 $a(EXLCZ)993710000000577054 100 $a20160116d2016 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aPrinciples of Economics for a Post-Meltdown World /$fby John Komlos 205 $a1st ed. 2016. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2016. 215 $a1 online resource (102 p.) 225 1 $aSpringerBriefs in Economics,$x2191-5504 300 $aDescription based upon print version of record. 311 $a3-319-27827-4 327 $aIntroduction -- Basic Concepts -- Micro: Supply and Demand in the Product Markets -- Micro: Supply and Demand in the Factor Markets -- Applications of Economic Principles -- Macroeconomics Economic Growth and Business Cycles -- Growth, Development and the Global Economy -- Unemployment, Inflation, and Economic Policy -- Conclusion -- Endnotes. 330 $aThis brief emphasizes the ways in which introductory economics textbooks incorrectly rely on assumptions about the free market, the rational agent model, market fundamentalism, and standard long-standing assumptions in economics, and in doing so disregard the effects of incomplete and asymmetric information on choice and on allocation, and maintain a general but flawed belief that competitive markets can always provide efficient solutions automatically. In other words, the standard economics principles textbook is anachronistic, they assume that tastes are exogenous, they overlook interdependencies and externalities not only in production but in consumption of goods, and they overlook the fact that path-dependence is a major hindrance to optimization. Mainstream principles of economics textbooks distort our worldview with immense political and cultural consequences. Students of these principles deserve a more complete perspective, and this brief critiques that conventional worldview and provides an alternative perspective, with an emphasis on free-market economics wherein the human element should be paramount and moral judgments should override market outcomes. In other words, what is important is not GNP as much as the quality of life, not institutions but how people live and fare in them. This brief argues that economics cannot be a science; it has too many ideological aspects, and in many ways conventional textbooks are not providing a true-to-life depiction of the economy. This Brief will be a reference or supplemental text for college and university students enrolled in such applied undergraduate and graduate courses and seminars in economics and economic theory. 410 0$aSpringerBriefs in Economics,$x2191-5504 606 $aEconomic policy 606 $aEconomics 606 $aEconomic history 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 606 $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000 615 0$aEconomic policy. 615 0$aEconomics. 615 0$aEconomic history. 615 14$aEconomic Policy. 615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods. 615 24$aHistory of Economic Thought/Methodology. 676 $a330 700 $aKomlos$b John$4aut$4http://id.loc.gov/vocabulary/relators/aut$0252711 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910255059603321 996 $aPrinciples of Economics for a Post-Meltdown World$92235724 997 $aUNINA