Making Sense Of A Changing Economy: Technology, Markets And

This text presents an unorthodox view of the current state of economic theory and policies. Deriding the general trend for "econobabble", the author explains the reason why conventional wisdom in economics now seems irrelevant and looks to likely future scenarios. Table of Contents: Part 1 Understanding and Misunderstanding Markets: Mainstream or Billabong?; Invisible Hands - The Price Mechanism or the Multiplier?; Institutions - Market Incentives and the General Good. Part 2 Running the System - Capital, Labour and the State: The Paradoxes of Individualism; Alternatives - Austerity versus Full Employment. Part 3 Private Markets and Public Morals: Markets, Bureaucracy and Machiavelli; Moral Codes and Market Forces. Part 4 A New World Order?: Twilight in the Marketplace; Individualism and the Dilemma of the State. Epilogue: The World As Seen From Woodstock.