The success of individual nation states today is often measured in terms of their ability to benefit from and contribute to a host of global economic, political, socio-cultural, technological, and educational networks. This increased multifaceted international inter-dependence represents an intuitively contradictory and an immensely complex situation. This scenario requires that national governments, whose primary responsibility is towards their citizenry, must relinquish a degree of contr...

This book takes a multi-disciplinary critique of economics’ first principles: the fundamental and inter-related structuring assumptions that underlie the neo-classical paradigm. These assumptions, that economic agents are rational, self-interested individuals, continue to influence the teaching of economics, research agendas and policy analyses. The book argues that both the theoretical understanding of the economy and the actual working of real-world market economies diminish the scope fo...