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A Tempered and Humane Economy

- Markets, Families, and Behavioral Economics
Af: Jannett Highfill, Patricia Podd Webber Engelsk Paperback

A Tempered and Humane Economy

- Markets, Families, and Behavioral Economics
Af: Jannett Highfill, Patricia Podd Webber Engelsk Paperback
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A tempered and humane economy finds a balance between the market principle, “economic reward follows economic contribution,” and the family economic principle, “respect abilities, respect needs.” Markets are tempered by the wisdom gained from family experiences in the way that steel is iron tempered by fire. A humane economy meets the needs and aspirations of all persons in the way that a well-tempered musical instrument allows for the playing of music in every key without discord. A Tempered and Humane Economy: Markets, Families, and Behavioral Economicsargues that economists must incorporate the insights of behavioral economics into their reflections on micro- and macro-economic policy. The elephant in the room is how Americans are increasingly raising their children with an appropriate sense of entitlement and empowerment by involving them in decision making at home. We raise our children to find or create a job they will love, expecting that will make them highly productive. Not all children have these advantages, a problem we tackle head on, but enough of them do to create a critical mass of young adults who will transform our economy in a positive way for persons everywhere along the income distribution. Our vision for the U.S. Economy is one of tempered optimism and humane prosperity.
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A tempered and humane economy finds a balance between the market principle, “economic reward follows economic contribution,” and the family economic principle, “respect abilities, respect needs.” Markets are tempered by the wisdom gained from family experiences in the way that steel is iron tempered by fire. A humane economy meets the needs and aspirations of all persons in the way that a well-tempered musical instrument allows for the playing of music in every key without discord. A Tempered and Humane Economy: Markets, Families, and Behavioral Economicsargues that economists must incorporate the insights of behavioral economics into their reflections on micro- and macro-economic policy. The elephant in the room is how Americans are increasingly raising their children with an appropriate sense of entitlement and empowerment by involving them in decision making at home. We raise our children to find or create a job they will love, expecting that will make them highly productive. Not all children have these advantages, a problem we tackle head on, but enough of them do to create a critical mass of young adults who will transform our economy in a positive way for persons everywhere along the income distribution. Our vision for the U.S. Economy is one of tempered optimism and humane prosperity.
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Produktdetaljer
Sprog: Engelsk
Sider: 174
ISBN-13: 9780739194553
Indbinding: Paperback
Udgave:
ISBN-10: 0739194550
Kategori: Økonomisk teori og filosofi
Udg. Dato: 20 apr 2016
Længde: 16mm
Bredde: 228mm
Højde: 154mm
Forlag: Lexington Books
Oplagsdato: 20 apr 2016
Forfatter(e): Jannett Highfill, Patricia Podd Webber
Forfatter(e) Jannett Highfill, Patricia Podd Webber

Kategori Økonomisk teori og filosofi

ISBN-13 9780739194553

Sprog Engelsk

Indbinding Paperback

Sider 174

Udgave

Længde 16mm

Bredde 228mm

Højde 154mm

Udg. Dato 20 apr 2016

Oplagsdato 20 apr 2016

Forlag Lexington Books