The End of Economic Man: An Introduction to Humanistic Economics "In any future economics, George Brockway proposes, this concern will be reversed. Human beings will be more important that things, and what Carlyle quite properly called the dismal science will take on a new and humane aspect." "Like the good life it celebrates, the book requires thought and stimulates thought, starting with the Prologue, "Life Is Unfair. Why Should We Care?" Throughout the book original theory is intertwined with practical example, as in the chapter titled "Why the Trade Deficit Won't Go Away." Completely rewritten, this edition (the fourth) covers almost forty percent more ground than earlier editions."--BOOK JACKET. |
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Contents
Speculation | 278 |
International Trade | 294 |
The Law of Comparative Advantage | 329 |
General Equilibrium | 337 |
Productivity vs Profitability | 355 |
The Real Interest Fallacy and the Feds COLA | 362 |
Inflation and Recession | 375 |
The Death of NAIRU | 392 |
| 65 | |
| 97 | |
The Primacy of Labor in Life | 118 |
The Corporation and the Entitlement of Labor | 143 |
Competition and Diminishing Returns | 171 |
Goods and Services | 190 |
Marginal Utility | 203 |
Saving and Investing | 218 |
PART III | 237 |
Micro Macro and Society | 239 |
Money and Bankers | 251 |
PART IV | 405 |
A Few Notes on the New Economy | 407 |
A Few Notes on the New Finance | 413 |
Why the Trade Deficit Wont Go Away | 421 |
On Being Fully Human | 427 |
Epilogue We Are All Ends in Ourselves | 441 |
References | 443 |
Appendix Some Propositions Old and New | 453 |
Index | 455 |
Other editions - View all
 | The End of Economic Man: An Introduction to Humanistic Economics George P. Brockway No preview available - 2001 |
Common terms and phrases
activity actual American banks become Board borrowing called capital cause commodity competition consequence consumers continue corporation cost course debt deficit demand depends determined dollars economic economists effect employment enterprise equal equilibrium exchange exist expected fact factors fall federal funds rate Federal Reserve Federal Reserve Board firm force foreign funds given hand human idea important income increase individual industry inflation interest interest rate investment Keynes labor least less limited living matter means measure merely million natural object paid percent person possible present problem production profit question reason result rise saving sell Smith society sort speculation supply theory things tion trade true turn United utility wages wealth workers
Popular passages
Page 119 - The man whose whole life is spent in performing a few simple operations, of which the effects too are, perhaps, always the same, or very nearly the same, has no occasion to exert his understanding, or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.
Page 26 - All systems either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.
Page 195 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Page 123 - The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Page 16 - I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it.
Page 100 - When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
Page 123 - Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared.
Page 66 - MONEY is not, properly speaking, one of the subjects of commerce, but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another. It is none of the wheels of trade : it is the oil which renders the motion of the wheels more smooth and easy.
Page 26 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in so many other cases, led by an invisible hand to promote an end which was no part of his intention.
Page 16 - How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.
Bibliographic information
| Title | The End of Economic Man: An Introduction to Humanistic Economics |
| Author | George P. Brockway |
| Edition | illustrated |
| Publisher | W. W. Norton & Company, 2001 |
| ISBN | 0393050394, 9780393050394 |
| Length | 479 pages |
| Subjects | › › Business & Economics / Economics / General |
| Export Citation | BiBTeX EndNote RefMan |