Items related to Some Problems in Current Economics

Some Problems in Current Economics - Softcover

M. C. Rorty

 
9781330579107: Some Problems in Current Economics

Synopsis

This book explores problems stemming from America’s modern industrial economy, through the lens of economic theory and practical experience. Beginning with industrial history and the transition to factory production, the author traces the impact of mechanization on living standards and societal organization. Exploring the themes of justice and fairness, the book analyzes disparities in wages, rents, and profits within a capitalist system. It also considers the ongoing challenge of economic cycles and unemployment. The author critiques both extreme individualism and government overreach, advocating instead a balanced compromise that reconciles individual liberty with collective efficiency and social welfare. This nuanced approach to economic issues provides valuable insights for understanding the ongoing challenges and opportunities presented by modern industrial society.

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