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Malthus
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ISBN: 0674027299 0674027078 9780674027077 9780674419407 0674419405 9780674027299 0674419413 9780674728714 0674728718 9780674419414 0674263529 Year: 2014 Publisher: Cambridge, Massachusetts

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Abstract

This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.

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