Wealth, Welfare and the Global Free Market: A Social Audit of Capitalist Economics

by Ibrahim Ozer Ertuna, Güler Aras, David Crowther

Overview

Professor Ertuna maintains that the capitalist economic system is far from meeting our aspirations. He says we can, and must, contribute to the development of a better world which will serve us all. With a mixture of theory and practical examples, the former member of a World Bank mission and adviser to the Turkish Prime Minister, examines markets and international trade in the era of globalization from scientific, economic, cultural, philosophical and faith-based viewpoints. He explains how the 'Science of the 21st Century' may be part of a new emergent order.

Product Details

ISBN-13:	9781409459453
Publisher:	Ashgate Publishing Ltd
Publication date:	08/28/2012
Series:	Corporate Social Responsibility
Sold by:	Barnes & Noble
Format:	eBook
File size:	2 MB

About the Author

Professor Ibrahim Ozer Ertuna studied first in Turkey then completed an MBA and his PhD at Cornell University in the USA. He has lectured both in the USA and in Turkey, currently teaching at Okan University in Istanbul. Dr Ertuna has been a consultant and a board member of a number of companies, an advisor to the Turkish Government and Prime Minister, and has participated in a management audit of a World Bank mission. He has published over 100 scholarly articles and more than 20 books, including a commission for the World Gold Council. He is a member of the Editorial Advisory Board of the Social Responsibility Journal.

Table of Contents

Contents: Introduction; Economics and economic systems today; Capitalism's definition of human beings; Competition: the driving force of economics; The market guidance of the economy; The first concession of market economies; Misguidance of the markets and crises; Costs and benefits that are not reflected in markets; Demand and production: the theory and the reality; What is the objective: profit or income?; Foreign trade; The New Economic Design; An interrogation of capitalism; Index.

Editorial Reviews

'Anyone whose thinking has been shaped by classical economic theory should read this book. Ertuna understands classical economics, which many of its critics do not, but he emphasizes the many ways in which it is lacking as a description of what motivates behavior.' - Seymour Smidt, Nicholas Noyes Professor of Economics and Finance Emeritus , Johnson Graduate school of Management, Cornell University 'Professor Ertuna ’s critical examination of unfettered Capitalism in world economics pleads for the development of economic models that encompass more factors concerning human needs. As a novice observer of economic systems and a recipient of USA government ad hoc agriculture commodity price supports in America’s heartland, I sympathize with that plea' - Willis R. Unke, Computer Software Engineering Manager, retired (Douglas Aircraft Co. and Sperry Computer Systems) 'This book is well written and in some cases convincing. I also share the feelings of the author regarding his dissatisfaction with the ugly faces of capitalism. Everyone with common sense would recognize that capitalism is far from perfect, and would agree with the author that we should always be searching for a better system..the author of this book reverses the casuality between social arrangements and ideas...I believe it is well written and readers will benefit from reading it.' - South-Eastern Europe Journal of Economics

From the Publisher