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Can personalism inspire economics?

Author

Listed:
  • Luca Sandonà

    (Istituto Pastorale Redemptor Hominis, Pontificia Universita` Lateranense, Piazza San Giovanni in Laterano 4, 00120 Citta` del Vaticano)

Abstract

This paper reviews the challenge of contemporary North-American personalist economics to current mainstream pluralism, including neoclassical economics, game theory, behavioural economics, experimental economics, evolutionary economics and neuroeconomics. Personalist economics emphasises the social nature, reflexivity, and self-determination of human agency and underscores the dynamism of human action. Personalist economics also introduces the concept of personalist capital in order to incorporate natural morality into economic analysis. Finally, personalist economics distinguishes between human needs and human wants.

Suggested Citation

  • Luca Sandonà, 2013. "Can personalism inspire economics?," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(2), pages 257-270.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:2:p:257-270
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    More about this item

    Keywords

    History of economic thought since 1925; economics and philosophy; personalist capital; virtue ethics;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • Z1 - Other Special Topics - - Cultural Economics

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