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Human Nature in Modern Economics

Human Nature in Modern Economics PDF Author: Anna Horodecka
Publisher: Routledge
ISBN: 1000605469
Category : Business & Economics
Languages : en
Pages : 260

Book Description
Human Nature in Modern Economics offers a precise definition of the concept of human nature in economics, something that is so far lacking in the theoretical and methodological literature. This book develops tools for the analysis of human nature through the construction of the author’s meta-model – based on anthropological and psychological foundations – allowing for comparisons of anthropological assumptions made in economic theories. The model demonstrates that the normative functions of human nature may affect the economic reality. The chapters argue that the concept of human nature determines our thinking about the economy and economics, including fundamental methodologies, methods and theories. Thus, the differences between various economic schools may result from the different assumptions of these schools about human nature. Those evolving views of human nature proceed to explain the development of both orthodox (mainstream) and heterodox economics. The book marks a significant addition to the literature on the history of economic thought, heterodox economics, economic theory and economic methodology. For students, it is a supplement to standard textbooks as it explains the current state of economics, especially in its heterodox branches. It will allow scholars to discover the importance of what they assume about human nature and how it may influence their research process.

Human Nature in Modern Economics

Human Nature in Modern Economics PDF Author: Anna Horodecka
Publisher: Routledge
ISBN: 1000605469
Category : Business & Economics
Languages : en
Pages : 260

Book Description
Human Nature in Modern Economics offers a precise definition of the concept of human nature in economics, something that is so far lacking in the theoretical and methodological literature. This book develops tools for the analysis of human nature through the construction of the author’s meta-model – based on anthropological and psychological foundations – allowing for comparisons of anthropological assumptions made in economic theories. The model demonstrates that the normative functions of human nature may affect the economic reality. The chapters argue that the concept of human nature determines our thinking about the economy and economics, including fundamental methodologies, methods and theories. Thus, the differences between various economic schools may result from the different assumptions of these schools about human nature. Those evolving views of human nature proceed to explain the development of both orthodox (mainstream) and heterodox economics. The book marks a significant addition to the literature on the history of economic thought, heterodox economics, economic theory and economic methodology. For students, it is a supplement to standard textbooks as it explains the current state of economics, especially in its heterodox branches. It will allow scholars to discover the importance of what they assume about human nature and how it may influence their research process.

The Good, the Bad, and the Economy

The Good, the Bad, and the Economy PDF Author: Louis G. Putterman
Publisher: Hillcrest Publishing Group
ISBN: 193829601X
Category : Business & Economics
Languages : en
Pages : 319

Book Description
Despite the past century's extraordinary advances in technology and scientific knowledge, today's world is still racked by economic insecurity, vast gulfs between rich and poor, violent conflicts, and daunting environmental problems. What's stopping us from building a world in which there's less inequality and more nurturing of the individual's potential to lead a satisfying life? Does the central role of self-interest in human nature necessitate economic arrangements that condemn us to living on a treadmill of consumerism and insecurity? Will the gap between rich and poor countries ever be bridged? These are the key questions that Brown University economist Louis Putterman's "The Good, the Bad, and the Economy" addresses in surprising new ways.

Human Economics

Human Economics PDF Author: Sara Casagrande
Publisher: Taylor & Francis
ISBN: 1000927520
Category : Business & Economics
Languages : en
Pages : 248

Book Description
The term “human economics” is sometimes used within economic theory with the hope of repositioning economic discipline as a human and social science, but with scarce success. Indeed, although great economists have always carefully considered human nature, it has been largely neglected in modern economics. This book explores the potentials of a human economics, arguing that the complexity and peculiarities of human nature should be central to the study of economics. Complex economic phenomena are subject to laws and limits that reveal their internal order in spite of the apparent randomness and unpredictability. The book embraces the contributions of thinkers and economists who have tried to fully consider human nature and society within their biological environment. From these solid foundations, the book introduces a different Weltanschauung, offers an analysis of socio-economic paradigms, and develops an alternative theoretical framework. On the basis of a transdisciplinary methodology, the book investigates human nature, interactions, and systems up to the macroeconomic cyclical development of the capitalist system. Future perspectives and issues facing modern economies are also discussed from environmental sustainability to globalization and socio-political challenges. This book marks an original contribution to the literature on retooling economic discipline and presents useful food for thought for scholarly readers while remaining accessible to graduates who are studying mainstream economics.

The Wealth of Nature

The Wealth of Nature PDF Author: John Michael Greer
Publisher: New Society Publishers
ISBN: 0865716730
Category : Business & Economics
Languages : en
Pages : 271

Book Description
Nature-centered economics for the age of peak oil

The Battle for Human Nature: Science, Morality and Modern Life

The Battle for Human Nature: Science, Morality and Modern Life PDF Author: Barry Schwartz
Publisher: W. W. Norton & Company
ISBN: 0393609286
Category : Philosophy
Languages : en
Pages : 326

Book Description
“Provocative and richly textured. . . .Schwartz’s analyses of the inadequacies of contemporary scientific views of human nature are compelling, but the consequences are even more worthy of note.” —Los Angeles Times Out of the investigations and speculations of contemporary science, a challenging view of human behavior and society has emerged and gained strength. It is a view that equates “human nature” utterly and unalterably with the pursuit of self-interest. Influenced by this view, people increasingly appeal to natural imperatives, instead of moral ones, to explain and justify their actions and those of others.

Free Market Madness

Free Market Madness PDF Author: Peter A. Ubel
Publisher: Harvard Business Press
ISBN: 1422140318
Category : Business & Economics
Languages : en
Pages : 273

Book Description
Humans just aren't entirely rational creatures. We decide to roll over and hit the snooze button instead of going to the gym. We take out home loans we can't possibly afford. And did you know that people named Paul are more likely to move to St. Paul than other cities? All too often, our subconscious causes us to act against our own self-interest. But our free-market economy is based on the assumption that we always do act in our own self-interest. In this provocative book, physician Peter Ubel uses his understanding of psychology and behavior to show that in some cases government must regulate markets for our own health and well-being. And by understanding and controlling the factors that go into our decisions, big and small, we can all begin to stop the damage we do to our bodies, our finances, and our economy as a whole. Ubel's vivid stories bring his message home for anyone interested in improving the way our society works.

Doughnut Economics

Doughnut Economics PDF Author: Kate Raworth
Publisher: Chelsea Green Publishing
ISBN: 1603587969
Category : Business & Economics
Languages : en
Pages : 322

Book Description
Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

Human Nature and the Discipline of Economics

Human Nature and the Discipline of Economics PDF Author: Patricia Donohue-White
Publisher: Lexington Books
ISBN: 9780739101858
Category : Business & Economics
Languages : en
Pages : 136

Book Description
Foundations of Economic Personalism is a series of three book-length monographs, each closely examining a significant dimension of the Center for Economic Personalism's unique synthesis of Christian personalism and free-economic market theory. In the aftermath of the momentous geo-political and economic changes of the late 1980s, a small group of Christian social ethicists began to converse with free-market economists over the morality of market activity. This interdisciplinary exchange eventually led to the founding of a new academic subdiscipline under the rubric of economic personalism. These scholars attempt to integrate economic theory, history, and methodology with Christian personalism's stress upon human dignity, humane social structures, and social justice. This second volume in the series surveys the anthropological foundations to the disciplines of economics and moral theology. The first part of the book presents an overview of the German, French, and Polish branches of personalist thought. Particular attention is given to theological anthropology, especially as it is developed by such thinkers as Emmanuel Mounier, Max Scheler, Gabriel Marcel, Karol Wojtyla, and Emil Brunner. Part two surveys models of human nature that have been espoused by various schools of free-market thought-including mainstream neoclassical economics. In conclusion, the authors demonstrate how an expanded understanding of human nature can augment the ability of economic science to model and predict human behavior.

Misbehaving: The Making of Behavioral Economics

Misbehaving: The Making of Behavioral Economics PDF Author: Richard H. Thaler
Publisher: W. W. Norton & Company
ISBN: 0393246779
Category : Business & Economics
Languages : en
Pages : 502

Book Description
Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award

Nature, Human Nature, and Human Difference

Nature, Human Nature, and Human Difference PDF Author: Justin E. H. Smith
Publisher: Princeton University Press
ISBN: 0691176345
Category : Philosophy
Languages : en
Pages : 309

Book Description
People have always been xenophobic, but an explicit philosophical and scientific view of human racial difference only began to emerge during the modern period. Why and how did this happen? Surveying a range of philosophical and natural-scientific texts, dating from the Spanish Renaissance to the German Enlightenment, Nature, Human Nature, and Human Difference charts the evolution of the modern concept of race and shows that natural philosophy, particularly efforts to taxonomize and to order nature, played a crucial role. Smith demonstrates how the denial of moral equality between Europeans and non-Europeans resulted from converging philosophical and scientific developments, including a declining belief in human nature's universality and the rise of biological classification. The racial typing of human beings grew from the need to understand humanity within an all-encompassing system of nature, alongside plants, minerals, primates, and other animals. While racial difference as seen through science did not arise in order to justify the enslavement of people, it became a rationalization and buttress for the practices of trans-Atlantic slavery. From the work of François Bernier to G. W. Leibniz, Immanuel Kant, and others, Smith delves into philosophy's part in the legacy and damages of modern racism. With a broad narrative stretching over two centuries, Nature, Human Nature, and Human Difference takes a critical historical look at how the racial categories that we divide ourselves into came into being.