This volume provides an introduction to economics in terms of human rather than material welfare. Building on a social economics tradition, it proposes a more rational economic order and develops new principles of economic policy. The issues covered include: the inadequacy of individualistic economics in guiding policy formation; a logical critique of economic rationality; rethinking of the modern business corporation; a critique of modern trade theory and unregulated international competition; and how standard economic theory encourages major ecological problems. Economics for the Common Good introduces social economic concepts and demonstrates their continuing relevance to the ills of an increasingly global society. In approaching problems generally conceived to be purely economic, from a social and ecological perspective, the author explores the vital interface between economics, ethics and politics.

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