Socio Economics An Interdisciplinary Approach is popular PDF and ePub book, written by Beat Bürgenmeier in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Socio Economics An Interdisciplinary Approach can be Read Online from any device for your convenience.
Socio Economics An Interdisciplinary Approach Book PDF Summary
This book is intended as a warning against the kind of hard-core liberalism which blames state intervention for the disappointing results achieved in matters of macroeconomic, competition and social welfare policy. In calling attention to the social dimension of economics, the book stresses the need for an ethical yardstick which can only be pro vided by an interdisciplinary approach to the economy. One current school of thought claims to have bridged the gap by por traying economics as both positive and normative. However, this inter pretation is inadequate. The positive aspect of economics, reflecting an approach common in the natural sciences, is based on observable facts. It highlights causal relationships and seeks to analyse economic mechanisms on the basis of available information. This has led to an emphasis on purely deductive methods, which form the basis for many of the conclusions in main stream economics. This current of thought is typified by the neoclassical school, which takes as its main premise the much-disputed hypothesis of economic rationality. Human behaviour is deemed to be rational when consumers maximize their satisfaction and producers their profits, sub ject to the constraints of income and production costs respectively. Opt imal strategies for both consumers and producers can best be determined by the mechanism of market forces.
Detail Book of Socio Economics An Interdisciplinary Approach PDF
- Author : Beat Bürgenmeier
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9789401129664
- Genre : Business & Economics
- Total Page : 222 pages
- Language : English
- PDF File Size : 10,5 Mb
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