Adam's Fallacy
Author | : Duncan K. Foley |
Publisher | : Harvard University Press |
Total Pages | : 284 |
Release | : 2009-06-30 |
ISBN-10 | : 9780674027077 |
ISBN-13 | : 0674027078 |
Rating | : 4/5 (77 Downloads) |
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.