Items related to Principles of Comparative Economics, Vol. 1

Principles of Comparative Economics, Vol. 1 - Softcover

Radhakamal Mukerjee

 
9781330870396: Principles of Comparative Economics, Vol. 1

Synopsis

This book offers a bold new approach to the study of economics, arguing that traditional economic theory, rooted in hedonistic psychology and utilitarian ethics, requires a fundamental re-evaluation. The author, building upon recent advances in the sciences of life, mind, and society, proposes a framework that incorporates physical and biological principles into the analysis of economic phenomena. He challenges the conventional view of production as simply a creation of wealth, instead proposing that it involves a transformation and redistribution of energy. This perspective leads to a deeper understanding of value, consumption, and the dynamics of labor. The author further contends that justice in economic systems is ultimately rooted in the physiological principle of restoring energy expended during labor. He examines the intricate relationship between production, distribution, and consumption, highlighting how these processes are interconnected and interdependent. The book expands upon these ideas through an exploration of regional economics, analyzing how different economic types and stages are shaped by their unique cultural and environmental contexts. He introduces the concept of communalism as an evolving economic type, contrasting it with individualistic and socialist models, and arguing for the importance of collective values and cooperation in achieving social and economic justice. The book concludes with a compelling discussion of the aesthetic and religious dimensions of communalism, demonstrating their vital role in shaping economic values and institutions. This book offers a compelling and innovative lens through which to reexamine the foundations of economic theory, revealing the complexities and interconnectedness of economic processes within a broader socio-cultural context.

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