Adam's Fallacy

Adam's Fallacy
Author :
Publisher : Harvard University Press
Total Pages : 284
Release :
ISBN-10 : 9780674027077
ISBN-13 : 0674027078
Rating : 4/5 (77 Downloads)

Book Synopsis Adam's Fallacy by : Duncan K. Foley

Download or read book Adam's Fallacy written by Duncan K. Foley and published by Harvard University Press. This book was released on 2009-06-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.


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