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A groundbreaking study of rational principles for the modern state to follow in promoting economic and social progress. Explains why more thoughtful and well meaning government intervention is a must today, not irrational passivity. Highly sophisticated but exceedingly pleasant reading. In this ambitious book the authors challenge mainstream economic theory by reconsidering the principle of individualism as its foundation.They refer to that version which fails to recognize the existence of the interests of society as such, and does thus exclude the role of the state as an independent market player seeking to realize these interests. The outcome is a new theoretical concept called "Economic Sociodynamics". The book reveals in detail the said concept, in particular its key notions of the sociodynamic multiplier and the rational behavior of the state.