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The book explores the evolution of economic thought following Adam Smith's revolutionary ideas on self-interest and market dynamics. It delves into the debates among economists regarding the necessity of government intervention in the marketplace, highlighting contrasting views on whether such interference aids or hinders societal welfare. Through this examination, the text reveals the ongoing tension between free-market principles and the role of government in economic regulation.
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The Hesitant Hand, Steven G. Medema
- Language
- Released
- 2011
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- (Paperback)
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- Title
- The Hesitant Hand
- Subtitle
- Taming Self-Interest in the History of Economic Ideas
- Language
- English
- Authors
- Steven G. Medema
- Publisher
- Princeton University Press
- Released
- 2011
- Format
- Paperback
- Pages
- 248
- ISBN13
- 9780691150000
- Category
- Business and Economics
- Description
- The book explores the evolution of economic thought following Adam Smith's revolutionary ideas on self-interest and market dynamics. It delves into the debates among economists regarding the necessity of government intervention in the marketplace, highlighting contrasting views on whether such interference aids or hinders societal welfare. Through this examination, the text reveals the ongoing tension between free-market principles and the role of government in economic regulation.