Economics in a Changed Universe: Joseph E. Stiglitz, Globalization, and the Death of "free Enterprise"

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Lexington Books, 2008 - 157 pages
A revolution in economics, politics, and international affairs has been shaped by the new economics of information. For the first time, we are able to look at our world through a lens illuminated by a more precise understanding of how economies work and how individuals, groups, and corporations react to them. All of the disciplines of the social sciences are affected by this development, but the greatest impact we can expect will be upon public policy-making. Joseph E. Stiglitz and his fellow Nobel Prize winners have demonstrated, with the precision and force of logic, reason, and mathematics, that the folklore of what has been regarded as "political economy" for the past 230 years has misled us with ideological and mystical but useless ideas such as "free enterprise" and the immutability of market "givens." Book jacket.

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About the author (2008)

Gerald L. Houseman is professor emeritus of political science at Indiana University, Fort Wayne.

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