Economic Theory and Social Justice

by Giancarlo Gandalfo (Editor)

There is a powerful and enduring economic tradition which holds that a paramount concern for economists should be the promotion of social justice. These concerns are today as topical as ever in both developing and developed economics and in analyzing the new global economy. This book collects essays by many of the best known contemporary economists, in memory of Fausto Vicarelli, a leading figure in Keynesian economics. Vicarelli started - like Keyes - from a deep knowledge of neoclassical economics. The book follows his credo of using analytical powers both to interpret and analyze capitalist economics and to employ them to make policy recommendations to promote social justice. The contributors to the book discuss the role of economic policy can play in tackling economic problems, including poverty and unemployment in both the developed and developing world, and in promoting a new international economic order. The instability caused by capital accumulation and global financial markets is assessed and the links between social choices, economic policy and moral values are addressed throughout. The all-star cast of contributors includes Anthony. B. Atkinson, Paul Davidson, Jan Kregel, the late Hyman P. Mynsky and James Tobin among many others

271 pages, Hardcover

First published December 15, 1998