Social Economics: Premises, Findings and Policies (New Directions in Social Economics)

Social Economics is a way of thinking about economic affairs that begins with the philosphical foundations. It begins at this level, frequently overlooked by mainstream economists, to illustrate how critical premises are in the construction of an economy and the repair of a dysfunctional economy. Social Economics uses these premises to undertake a rich range of empirical and policy related work. Much of this work is represented in this volume, which brings together leading practioners from the field of social economics. Subjects addressed include: \* values and premises in social economics \* justice, solidarity and community \* repairing the dysfunction of capitalist economies \* the transition from command economies 1. Economic History As A Source Of Socioeconomic Normative Value / Lewis E. Hill -- 2. John Stuart Mill: A Herald Of Social Economics / Hans E. Jensen -- 3. Philosophical Foundations Of Social Economics: Marx, Schumpeter, And Keynes / John E. Elliott -- 4. Gain-seeking: The Economoral Nexus / Peter L. Danner -- 5. The Investment Decision As Moral Choice: The Perspective Of Centesimus Annus / Stephen T. Worland -- 6. Solidarity And Community In The World Economy / Kishor Thanawala -- 7. Self-interest, Economic Efficiency, And The General Welfare / Elba K. Brown-collier -- 8. Doubts About Competition / Mark A. Lutz -- 9. Ethical Conflicts In Managing The S & L Insurance Mess / Edward J. Kane -- 10. The Civil World Of Business: Evolving Systems Of Social Accountability / Severyn T. Bruyn -- 11. Catholic Social Doctrine And The New World Order: Does The Church Have Models? / Thomas O. Nitsch -- 12. Ethical Policy Making In The Transition Economies / Christine Rider. Edited By Edward J. O'boyle. Includes Bibliographical References And Index. Preliminaries......Page 1 CONTENTS......Page 6 List of contributors......Page 8 Editor’s preface......Page 10 INTRODUCTION......Page 12 1 ECONOMIC HISTORY AS A SOURCE OF SOCIOECONOMIC NORMATIVE VALU......Page 19 2 JOHN STUART MILL......Page 28 3 PHILOSOPHICAL FOUNDATIONS OF SOCIAL ECONOMICS......Page 42 4 GAIN-SEEKING: THE ECONOMORAL NEXUS......Page 56 5 THE INVESTMENT DECISION AS MORAL CHOICE......Page 68 6 SOLIDARITY AND COMMUNITY IN THE WORLD ECONOMY......Page 84 7 SELF-INTEREST, ECONOMIC EFFICIENCY, AND THE GENERAL WELFARE......Page 100 8 DOUBTS ABOUT COMPETITION......Page 118 9 ETHICAL CONFLICTS IN MANAGING THE S&L INSURANCE MESS......Page 134 10 THE CIVIL WORLD OF BUSINESS......Page 154 11 CATHOLIC SOCIAL DOCTRINE AND THE NEW WORLD ORDER......Page 177 12 ETHICAL POLICY MAKING IN THE TRANSITION ECONOMIES......Page 187 13 TELKOM TELETRA......Page 200 Index......Page 215 For the purposes of this chapter, social economics may be defined as the socioeconomic analysis of human behavior within a broad economic, social, and political context for the purpose of improving the quality of life and enhancing human welfare. This work brings together leading practitioners from the field of social economics to address such issues as the transition from command economies, repairing dysfunctional economies, and to debate values and premises in social economics.