Human Factor in Free Market Efficiency
Contents: Foreword. Abut the book. Author’s profile. Preface. 1. Introduction. 2. Significance of economics for economizing problem. 3. Pursuits of self-interest and the wealth creation process. 4. Key assumptions of orthodox economic theorizing. 5. Genesis of economic problems and the new challenges. 6. Sources of inaction and failure. 7. Critical reflections and observations on economic performance. 8. Quality of the human factor and efficiency of economic systems. 9. Ebbs and flows in the laissez-faire economic system. 10. Human factor foundation of free market efficiency. 11. Developing the positive qualities of the human factor. 12. Conclusions and recommendations for public policy. References. Index.
Existing knowledge about what makes the free market economy system function efficiently is incomplete, though improving continually. Few scholars of economics posses any ideas as to what unleashes the factors that fuel free market efficiency, high economic growth, and sustained human centered development. The lack of this knowledge has led to warped philosophical economic thinking, theorizing, faulty policies, useless plans, irrelevant projects, and bankrupt programmes.
This book presents the theory and empirical evidence on the human factor foundation of free market efficiency. It demonstrates that the sole variable that underscores the degree of effectiveness of the laissez-faire economic system is the quality of the human factor.
Existing knowledge about what makes the free market economy system function efficiently is incomplete, though improving continually. Few scholars of economics posses any ideas as to what unleashes the factors that fuel free market efficiency, high economic growth, and sustained human centered development. The lack of this knowledge has led to warped philosophical economic thinking, theorizing, faulty policies, useless plans, irrelevant projects, and bankrupt programmes.
This book presents the theory and empirical evidence on the human factor foundation of free market efficiency. It demonstrates that the sole variable that underscores the degree of effectiveness of the laissez-faire economic system is the quality of the human factor.
