rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Human-Centred Economics
    sub title: The Living Standards of Nations
  name:
    name part: Samans, Richard.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  genre: Electronic books.
  origin info:
    place:
      place term: sz
    date issued: 2024
    edition: 1st ed. 2024.
    issuance: monographic
  language:
    language term: eng
  physical description:
    reformatting quality: access
    form: remote
    extent: 1 online resource (XXIX, 356 pages 35 illustrations)
  abstract: This open access book examines the chronic underperformance of economies with respect to inclusion, sustainability and resilience. It finds that the standard liberal economic growth and development model has evolved over the past century in a fundamentally unbalanced manner that underemphasizes the crucial role of institutions - legal norms, policy incentives and public administrative capacities - in translating market-based growth in the production of goods and services into broad and sustainable gains in social welfare at the household level. Correcting this imbalance of emphasis in economic theory and policy between markets and institutions, production and distribution, and national income and household living standards is the single most important step required to transcend 20th century trickle-down "neoliberalism" and replace it with a more human-centred model of economic progress in the 21st century. The book breaks new ground by integrating the principal institutional dimensions of the social contract into the heart of macroeconomic theory and presenting extensive corresponding reforms of domestic and international economic policy to refocus them on the median living standards, rather than primarily aggregate wealth or GDP, of nations. This is the bottom-line measure of national economic performance, and it depends on the strength of both markets of exchange and institutions in such areas as labour and social protection, financial and corporate governance, competition and rents, anti-corruption, infrastructure and basic necessities, environmental protection, education and skilling, etc. Extensive comparative data are presented demonstrating that countries at every level of economic development have ample policy space to narrow their "welfare gaps" - their underperformance on these and other key aspects of household living standards relative to the frontier of leading policy practice in peer countries. Richard Samans is Director of the International Labour Org…
  table of contents: 1. Introduction -- 2. The source of the fundamental disconnect in modern economics -- 3. The nature and causes of the living standards of nations -- 4. Comparative country data -- 5. International economic governance -- 6. Conclusion.
  note: by Richard Samans.
  note: Open Access
  subject:
    topic: Labor economics
  subject:
    topic: Environmental economics
  subject:
    topic: Economics
  subject:
    topic: Social choice
  subject:
    topic: Labor Economics
  subject:
    topic: Environmental Economics
  subject:
    topic: Public Choice and Political Economy
  classification: HD4801-8943
  classification: 331
  related item:
    title info:
      title: Springer Nature eBook
  identifier: 9783031374357
  identifier: https://doi.org/10.1007/978-3-031-37435-7
  access condition: Open Access
  record info:
    record creation date: 231202
    record change date: 20240731182150.1
    record identifier: in00004802746