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A Tempered and Humane Economy

Autor Jannett Highfill, Patricia Podd Webber
en Limba Engleză Hardback – 22 dec 2014
A tempered and humane economy finds a balance between the market principle, economic reward follows economic contribution, andthe family economic principle, respect abilities, respect needs. Markets are tempered by the wisdom gained from familyexperiences 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 acritical mass of young adults whowill transform our economy in a positive way forpersons everywhere along the income distribution. Our vision for the U.S. Economy is one of tempered optimism and humane prosperity."
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Specificații

ISBN-13: 9780739194539
ISBN-10: 0739194534
Pagini: 192
Ilustrații: 6 black & white illustrations, 1 tables
Dimensiuni: 152 x 229 x 20 mm
Greutate: 0.43 kg
Editura: Rowman & Littlefield

Notă biografică

Jannett Highfill is a poet and economist living in Wichita Kansas. She has two poetry chapbooks, A Constitution of Silence and Light Blessings Drifting Together. Her poetry is especially indebted to the Grandview Hotel Poets of Peoria Illinois as well as her many colleagues and friends at Bradley University. She is coauthor of A Tempered and Humane Economy: Markets, Families, and Behavioral Economics.

Descriere

This book challenges economists to bring the insights of behavioral economics into their reflections on the macroeconomy as well as on individual decision-making and it challenges everyone, economist and layperson alike, to bring the wisdom they learn from their families out into the larger economic world.