Can personalism inspire economics?
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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. Keywords: History of economic thought since 1925, economics and philosophy, personalist capital, virtue ethics. |
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