Beyond Conventional Economics presents new original work from leading scholars on the interface between the individual and political and social institutions. The book offers a critique of the inadequacies of the conventional economic approach to politics and a state-of-the-art view of new paradigms challenging the dominant economic notion of the individual. A number of chapters also explore the limits of individually rational behaviour in political decision making – some by challenging the orthodox content of the idea of rationality, others by providing fresh views on the operation of political processes.
The original chapters in this book connect the microeconomic and macroeconomic approaches to
public debt. Through their thought-provoking views, leading scholars offer insights into the
incentives that individuals and governments may have in resorting to public debt, thereby promoting
a clearer understanding of its economic consequences.
This book makes a rational and eloquent case for the closer integration of ethics and economics. It expands upon themes concerned with esteem, self-esteem, emotional bonding between agents, expressive concerns, and moral requirements.