This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Literature - Book Review

JEL Volume. 49, Issue 4 | Next Review right

Expand

Quick Tools:

Print Article Summary
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)
Book(s) Reviewed

Beyond the Invisible Hand: Groundwork for a New Economics by Kaushik Basu

Published By: Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-13716-2
Date of Publication: 2011


Book Review Detail

Reviewed by: Karla Hoff of World Bank
Review DOI: 10.1257/jel.49.4.1230.r1
Review Pages: 1230-34

Book Review Abstract

Karla Hoff of World Bank reviews "Beyond the Invisible Hand: Groundwork for a New Economics" by Kaushik Basu. The EconLit abstract of the reviewed work begins, "Presents a critique of mainstream economics and Adam Smith's idea of the invisible hand, arguing for collective action and a shifting of focus from efficiency to fairness in societies. Discusses speaking in praise of dissent; the theory of the invisible hand; the limits of orthodoxy; the economy according to law; markets and discrimination; the chemistry of groups; contract, coercion, and intervention; poverty, inequality, and globalization; globalization and the retreat of democracy; and what is to be done. Basu is Professor of Economics and C. Marks Professor of International Studies at Cornell University and Chief Economic Advisor to the Ministry of Finance of the Government of India. Index."


Book Review Full-Text Access



Book Review Authors

Karla Hoff of World Bank


JEL Classifications

A11: Role of Economics; Role of Economists
D70: Analysis of Collective Decision-Making: General


Journal of Economic Literature


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us