Author : Duncan K. Foley
Publisher : Harvard University Press
Page : 284 pages
File Size : 47,5 Mb
Release : 2009-06-30
Category : Business & Economics
ISBN : 9780674027077
Adam's Fallacy by Duncan K. Foley Pdf
This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.