The Economist's View of the World: And the Quest for Well-Being

Released in 1984, Steven E. Rhoads' classic was considered by many to be among the best introductions to the economic way of thinking and its applications. This anniversary edition has been updated to account for political and economic developments - from the greater interest in redistributing income and the ascendancy of behaviorism to the Trump presidency. Rhoads explores opportunity cost, marginalism, and economic incentives and explains why mainstream economists - even those well to the left - still value free markets. He critiques economics for its unbalanced emphasis on narrow self-interest as controlling motive and route to happiness, highlighting philosophers and positive psychologists' findings that happiness is far more dependent on friends and family than on income or wealth. This thought-provoking tour of the economist's mind is a must read for our times, providing a clear, lively, non-technical insight into how economists think and why they shouldn't be ignored.

Author: Steven E. Rhoads
Publisher: Cambridge University Press
Published: 10/21/2021
Pages: 334
Binding Type: Hardcover
Weight: 1.30lbs
Size: 9.20h x 8.10w x 0.90d
ISBN: 9781108845946

About the Author
Rhoads, Steven E.: - Steven E. Rhoads is professor emeritus in politics at the University of Virginia. He received his AB in history from Princeton University in 1961. Steve then spent time in the US Navy, and at the US Bureau of the Budget as the Secretary of the Director's Review. At Cornell University he studied economics, American politics and the history of political philosophy, receiving the PhD in government in 1973. Steve and his wife Peggy live just outside Charlottesville, Virginia.