Individuals and institutions in social economics
AbstractThis is Chapter 4 from "Social Economics: An Alternative Theory" (St. Martin's Press, 1991). This chapter focuses on the human subjects of economic study, suggesting that the psychology offered in neoclassical economics is severely inadequate to serve as the foundation for a social science. Psychological issues that deserve more attention in economics include altruism, trust, learning processes, and the values of "doing" and "being" - these last being contrasted with the neoclassical emphasis on "having." Economic theory also needs to evolve along with - and to assist in the constructive evolution of - real-world economic systems.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31027.
Date of creation: 1991
Date of revision:
psychology; psychological economics; altruism; trust;
Find related papers by JEL classification:
- Z1 - Other Special Topics - - Cultural Economics
- B0 - Schools of Economic Thought and Methodology - - General
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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- Hirschman, Albert O, 1984.
"Against Parsimony: Three Easy Ways of Complicating Some Categories of Economic Discourse,"
American Economic Review,
American Economic Association, vol. 74(2), pages 89-96, May.
- Hirschman, Albert O., 1985. "Against Parsimony: Three Easy Ways of Complicating some Categories of Economic Discourse," Economics and Philosophy, Cambridge University Press, vol. 1(01), pages 7-21, April.
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