Description
Book SynopsisThis book challenges economists to bring the insights of behavioral economics into their reflections on the macroeconomy as well as on individual decision-making and it challenges everyone, economist and layperson alike, to bring the wisdom they learn from their families out into the larger economic world.
Trade ReviewThe authors nicely explain and analyze the wisdom and discipline that emerge from families and from markets. The book provides a very readable account of many issues pertaining to poverty and wealth. Replete with examples from everyday life, the book should be of interest to economists and non-economists alike. -- Daniel K. Biederman, University of North Dakota
In this present age in which market economies are often perceived as amoral, or even immoral, the questions addressed by Highfill and Webber are more relevant than ever before. This book makes an important contribution to the conversation about the role of interpersonal relationships in a largely impersonal market system. Highfill and Webber combine their personal experiences and observations with an economic way of thinking that results in a thoughtful statement about what a humane economy can be and how we might move in that direction. -- William J. Polley, Western Illinois University
Table of ContentsTable of Contents I. Each Person, Each Family 000 Chapter 1: The Wisdom of Families000 Chapter 2: Elana’s Family Network 000 Chapter 3: It’s Complicated, Investing in Yourself 000 Chapter 4: “It’s Not Fair”000 Chapter 5: Talk the Walk 000 Chapter 6: What’s Luck Got To Do With It?000 Chapter 7: The Wisdom of Families—Supporting Each Other’s Decisions 000 II. The Big Picture: Investment Decisions in Context 000 Chapter 8: The Wisdom of Families—Democracy is Learned at Home 000 Chapter 9: Investing in Strangers 000 Chapter 10: The Wisdom of Families—The Most Important Investment 000 Chapter 11: Education—It’s a Social Contract 000 Chapter 12: Mother Jones Would be Pretty Happy 000 Chapter 13: The Best Nets Are More Holes Than Rope 000 III. Thinking Harder: Does “Help” Really Help? 000 Chapter 14: The Wisdom of Families—Good Intentions and Unintended Consequences 000 Chapter 15: Tough Love for the Poor 000 Chapter 16: Tough Love for the Rich 000 Chapter 17: The Wisdom of Families—Avoiding Double Standards 000 IV. Prosperity is an Enormous Achievement 000 Chapter 18: Warts and All, We Are a Big Rich Country 000 Chapter 19: Inclusive vs. Extractive Institutions—Thinking Globally 000 Chapter 20: When Markets Produce 000 Chapter 21: Markets and Meaningful Work 000 V. Tempering Markets with Government Policy 000 Chapter 22: The Government We Make 000 Chapter 23: When the Challenge is Healthcare 000 VI. Looking to the Future 000 Chapter 24: The Wisdom of Families—Challenge and Aspiration 000 Chapter 25: Tempered Optimism, Humane Prosperity, 000 Appendix 1: When You Have Enough to Share, Share Wisely000 Appendix 2: Concrete Suggestions for Sharing 000 Acknowledgments 000 Bibliography 000 Index 000
