Economics for a Civilized Society [Paperback]

Economics for a Civilized Society incorporates both self-interest and civic value motivations to provide an understanding of how our economic system works and how we can develop economic policies that assures a prosperous and civil society. Conventional economics policies involving inflation, the money supply, unemployment, international trade and payments, require that some people suffer so that others thrive in a zero sum game context. Civilized economic policies will employ all of society's resources to work for the betterment of both individuals, families, and the community. From taxes to international trade, the Davidsons show how to surmount today's seemingly intractable economic problems with civilized programmes.Preface - In Pursuit of Civilization - The Demise of Liberal Economics and the Emergence of Conservatism - The Political Economy of Civilization - What's Wrong with Economists? - The Entrepreneurial System vs State Socialism - Why Taxpayers Pay Taxes - The Basic Problem of an Entrepreneurial Economy: Unemployment - Unemployment Develops because Money Does Not Grow on Trees - Fighting Inflation: Controlling the Money Supply vs Buffers and Tips - Policy for a Civilized Global Economy: Whose International Debt and Currency Crisis is it Anyhow? - A Final Summing-up - Index

'This remarkably informative, wide-reaching book is the civilized product of two civilized authors.' - John Kenneth Galbraith