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Two cheers for humanomics

Author

Listed:
  • Lenore T. Ealy

    (Vicerrectora Internacíonal, Universidad Francisco Marroquín)

  • Allen Mendenhall

    (Troy University)

Abstract

In the following paper, we endorse the departure from traditional econometrics towards a more inclusive understanding of economic behavior. Humanomics, as championed by Vernon Smith and Bart Wilson, integrates cultural factors, transcending the limitations of quantitative models. We celebrate its potential for exploring emergent norms across diverse contexts and insights into philanthropy’s role in institution building. Offering a friendly critique of experimental economics, we advocate for a broader conversation among scholarly traditions. Our paper emphasizes the importance of embracing complexity and diversity in economic science, positioning humanomics as a valuable framework for interdisciplinary dialogue and inspiring scholars to explore new perspectives, thereby fostering an enlightened and open-minded academic community.

Suggested Citation

  • Lenore T. Ealy & Allen Mendenhall, 2025. "Two cheers for humanomics," Public Choice, Springer, vol. 202(3), pages 627-639, March.
    • Handle: RePEc:kap:pubcho:v:202:y:2025:i:3:d:10.1007_s11127-024-01224-7
    DOI: 10.1007/s11127-024-01224-7
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    References listed on IDEAS

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    1. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    2. Ravi K. Roy & Arthur T. Denzau, 2020. "Shared Mental Models: Insights and Perspectives on Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 73(3), pages 323-340, August.
    3. William F. Shughart & Diana W. Thomas & Michael D. Thomas, 2020. "Institutional Change and the Importance of Understanding Shared Mental Models," Kyklos, Wiley Blackwell, vol. 73(3), pages 371-391, August.
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