Goodwin, Neva (1991): Individuals and institutions in social economics. Published in: (1991)
Download (225kB) | Preview
This 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.
|Item Type:||MPRA Paper|
|Original Title:||Individuals and institutions in social economics|
|Keywords:||psychology; psychological economics; altruism; trust|
|Subjects:||Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology
B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General
I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I31 - General Welfare, Well-Being
|Depositing User:||Neva Goodwin|
|Date Deposited:||20. May 2011 22:55|
|Last Modified:||30. Dec 2015 22:32|
Amartya Sen, 'Rational Fools: A Critique of the Behavioral Foundations of Economic Theory', in Philosophy and Public Affairs, vol. 6, 1977: pp. 317—44.
Talbot Page, 'Intergenerational Justice as Opportunity' in Douglas MacLean and Peter Brown (eds) Energy and the Future (Rowman and Littlefield, New Jersey, 1982) p. 45.
Cf. A. Marshall, 'The Old Generation of Economists and the New' (1987)in Memorials, esp. pp. 302—3.
Albert Hirschmann, "Against Parsimony: Three Easy Ways of Complicating Some Categories of Economic Discourse, AER, 74, nos 1—2, 1984; pp. 89—90.
See also Paul Streeten's Appendix ('Recent Controversies') to Gunnar Myrdal's 'The Political Element in the Development of Economic Theory' (International Library of Sociology, London, 1953), esp. p. 215.
Tibor Scitovsky, Changing Consumer Tastes Save Resources9', essay written in 1979, repr. in Human Desires and Economic Satisfaction: Essays on the Frontiers of Economics (Wheatsheaf, Brighton, 1986) p. 123.
See Tibor Scitovsky, The Joyless Economy (Oxford University Press,1976).
T. R. Lakshmanan, Knowledge Technologies and the Evolution of the Economic Landscape, paper presented at the International Workshop on Technical Change at the Center for Energy and Environmental Studies,Boston University; 11-12 October 1988, p. 13.
0. R. Young, international Regimes: Problems of Concept Formation', in World Politics, 32, 1980.
Neva Goodwin (ed.), Global Commons: Site of Danger, Source of Hope, January, 1991, Special Issue of World Development
Arthur M. Okun, Equality and Efficiency: The Big Tradeoff, The Brookings Institution, 1975, p. 101.