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Economics for Humans

Economics for Humans
Author: Julie A. Nelson
Publisher: University of Chicago Press
Total Pages: 256
Release: 2018-12-11
Genre: Business & Economics
ISBN: 022646394X

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At its core, an economy is about providing goods and services for human well-being. But many economists and critics preach that an economy is something far different: a cold and heartless system that operates outside of human control. In this impassioned and perceptive work, Julie A. Nelson asks a compelling question: given that our economic world is something that we as humans create, aren’t ethics and human relationships—dimensions of a full and rich life—intrinsically part of the picture? Economics for Humans argues against the well-ingrained notion that economics is immune to moral values and distant from human relationships. Here, Nelson locates the impediment to a more considerate economic world in an assumption that is shared by both neoliberals and the political left. Despite their seemingly insurmountable differences, both make use of the metaphor, first proposed by Adam Smith, that the economy is a machine. This pervasive idea, Nelson argues, has blinded us to the qualities that make us work and care for one another—qualities that also make businesses thrive and markets grow. We can wed our interest in money with our justifiable concerns about ethics and social well-being. And we can do so if we recognize that an economy is not a machine, but a living thing in need of attention and careful tending. This second edition has been updated and refined throughout, with expanded discussions of many topics and a new chapter that investigates the apparent conflict between economic well-being and ecological sustainability. Further developing the main points of the first edition, Economics for Humans will continue to both invigorate and inspire readers to reshape the way they view the economy, its possibilities, and their place within it.


Humanity and Nature in Economic Thought

Humanity and Nature in Economic Thought
Author: Gábor Bíró
Publisher: Routledge
Total Pages: 305
Release: 2021-11-29
Genre: Business & Economics
ISBN: 1000476960

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Humanity and Nature in Economic Thought: Searching for the Organic Origins of the Economy argues that organic elements seen as incompatible with rational homo economicus have been left out of, or downplayed in, mainstream histories of economic thought. The chapters show that organic aspects (that is, aspects related to sensitive, cognitive or social human qualities) were present in the economic ideas of a wide range of important thinkers including Hume, Smith, Malthus, Mill, Marshall, Keynes, Hayek and the Polanyi brothers. Moreover, the contributors to this thought-provoking volume reveal in turn that these aspects were crucial to how these key figures thought about the economy. This stimulating collection of essays will be of interest to advanced students and scholars of the history of economic thought, economic philosophy, heterodox economics, moral philosophy and intellectual history.


Cents and Sensibility

Cents and Sensibility
Author: Gary Saul Morson
Publisher: Princeton University Press
Total Pages: 330
Release: 2018-09-25
Genre: Business & Economics
ISBN: 0691183228

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In Cents and Sensibility, an eminent literary critic and a leading economist make the case that the humanities—especially the study of literature—offer economists ways to make their models more realistic, their predictions more accurate, and their policies more effective and just. Arguing that Adam Smith’s heirs include Austen, Chekhov, and Tolstoy as much as Keynes and Friedman, Gary Saul Morson and Morton Schapiro trace the connection between Adam Smith’s great classic, The Wealth of Nations, and his less celebrated book on ethics, The Theory of Moral Sentiments. The authors contend that a few decades later, Jane Austen invented her groundbreaking method of novelistic narration in order to give life to the empathy that Smith believed essential to humanity. More than anyone, the great writers can offer economists something they need—a richer appreciation of behavior, ethics, culture, and narrative. Original, provocative, and inspiring, Cents and Sensibility demonstrates the benefits of a dialogue between economics and the humanities and also shows how looking at real-world problems can revitalize the study of literature itself. Featuring a new preface, this book brings economics back to its place in the human conversation.


The Economics of Human Rights

The Economics of Human Rights
Author: Elizabeth M. Wheaton
Publisher: Routledge
Total Pages: 288
Release: 2018-09-21
Genre: Business & Economics
ISBN: 1351012983

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Economics plays a key role in human rights issues as decision-makers weigh the incentives associated with choosing how to use scarce resources in the context of committing or escaping human rights violence. This textbook provides an introduction to the microeconomic analysis of human rights utilizing economics as a lens through which to examine social topics including capital punishment, violence against women, asylum seeking, terrorism, child abuse, genocide, and hate. Whether analyzing the decisions made in capital punishment cases, the causes and consequences of genocide, or the impact of terrorist acts on domestic and international decision-making, the science of economics provides tools and a systematic method of analysis and policy recommendation. This key text presents a method for integrating the social sciences of economics and human rights to create new opportunities for the investigation of social issues. Within each chapter, readers gain a fundamental understanding of a specific human rights issue, the decision-makers and the decision-making process involved, and the benefits and costs leading to the decisions. Experts on each issue, drawn from a variety of fields, contribute to each chapter and present first-hand accounts and different perspectives on each issue. The detailed analyses and accounts provided also explore the potential incentives involved in the prevention and termination of human rights violations. Aiming to further economic inquiry and enhance interdisciplinary research, this textbook serves as a multi-purpose guide for a range of readers. Students, researchers, and educators, as well as those working in organizations supporting victims of human rights violations and policy-makers facing human rights challenges, will find this book informative and engaging.


The Economics of Human Betterment

The Economics of Human Betterment
Author: Kenneth E. Boulding
Publisher: State University of New York Press
Total Pages: 242
Release: 1985-06-30
Genre: Social Science
ISBN: 9780791497234

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The Economics of Human Betterment is a comparative look at economic change and social progress. It is about betterment—a change or process—and about institutions and countries as they evolve. It is about human betterment—and therefore concerned with perceived welfare and the identification of basic human needs. And it is about economics, but about means as means, not means as ends. This book asks in what way productive activities (whether free market or planned, whether in developed or in developing countries) influence and reflect basic human values. The essays contained herein represent some of the best up-to-date accounts available on such topics as the welfare state in Holland or the relationship between growth and betterment in Singapore. Other essays take in the United Kingdom, Japan, India, and the planned economy of the Soviet Union. The contributors are all well-known experts in their own field. And their essays reveal a common conviction that economics is about people first, and about things only in so far as they contribute to human betterment.


The Insatiability of Human Wants

The Insatiability of Human Wants
Author: Regenia Gagnier
Publisher: University of Chicago Press
Total Pages: 268
Release: 2000-12
Genre: Business & Economics
ISBN: 9780226278544

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What is the relationship between our conception of humans as producers or creators; as consumers of taste and pleasure; and as creators of value? Combining cultural history, economics, and literary criticism, Regenia Gagnier's new work traces the parallel development of economic and aesthetic theory, offering a shrewd reading of humans as workers and wanters, born of labor and desire. The Insatiability of Human Wants begins during a key transitional moment in aesthetic and economic theory, 1871, when both disciplines underwent a turn from production to consumption models. In economics, an emphasis on the theory of value and the social relations between land, labor, and capital gave way to more individualistic models of consumerism. Similarly, in aesthetics, theories of artistic production or creativity soon bowed to models of taste, pleasure, and reception. Using these developments as a point of departure, Gagnier deftly traces the shift in Western thought from models of production to consumption. From its exploration of early market logic and Kantian thought to its look at the aestheticization of homelessness and our own market boom, The Insatiability of Human Wants invites us to contemplate alternative interpretations of economics, aesthetics, and history itself.


Economics As a Science of Human Behaviour

Economics As a Science of Human Behaviour
Author: Bruno S. Frey
Publisher: Springer Science & Business Media
Total Pages: 259
Release: 2013-06-29
Genre: Business & Economics
ISBN: 940171374X

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This book champions the view that economics is a social science, and that, moreover, it may serve as a new paradigm for the social sciences. Economics is taken to be part of those sciences which deal with actual problems of society by providing insights, improving our understanding and suggesting solutions. I am aware that the way problems are addressed here has little in common with economics as it is generally understood today; most economists make strong efforts to imitate the exact sciences. Economics tends to become a branch of applied mathematics; the majority of all publications in professional journals and books are full of axioms, lemmas and proofs, and they are much concerned with purely formal deductions. Often, when the results are translated into verbal language, or when they are applied empirically, disappointingly little of interest remains. The book wants to show that another type of economics exists which is surprisingly little known. This type of economics has its own particular point of view. It centres on a concept of man, or a model of human behaviour, which differs from those normally used in other social sciences such as sociology, political science, law, or psychology. I do not, how ever, claim that economics is the only legitimate social science. On the vii viii PREFACE contrary, economics can provide useful insights only in collaboration with the other social sciences-an aspect which has been disregarded by mathematically oriented economics.


Betterness

Betterness
Author: Umair Haque
Publisher: Harvard Business Press
Total Pages: 38
Release: 2011-12-15
Genre: Business & Economics
ISBN: 1422186725

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Betterness: Economics for Humans is a powerful call to arms for a post-capitalist economy. Umair Haque argues that just as positive psychology revolutionized our understanding of mental health by recasting the field as more than just treating mental illness, we need to rethink our economic paradigm. Why? Because business as we know it has reached a state of diminishing returns—though we work harder and harder, we never seem to get anywhere. This has led to a diminishing of the common wealth: wage stagnation, widening economic inequality, the depletion of the natural world, and more. To get out of this trap, we need to rethink the future of human exchange. In short, we need to get out of business and into betterness. HBR Singles provide brief yet potent business ideas, in digital form, for today's thinking professional.


Happiness and Economics

Happiness and Economics
Author: Bruno S. Frey
Publisher: Princeton University Press
Total Pages: 233
Release: 2010-11-16
Genre: Business & Economics
ISBN: 1400829267

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Curiously, economists, whose discipline has much to do with human well-being, have shied away from factoring the study of happiness into their work. Happiness, they might say, is an ''unscientific'' concept. This is the first book to establish empirically the link between happiness and economics--and between happiness and democracy. Two respected economists, Bruno S. Frey and Alois Stutzer, integrate insights and findings from psychology, where attempts to measure quality of life are well-documented, as well as from sociology and political science. They demonstrate how micro- and macro-economic conditions in the form of income, unemployment, and inflation affect happiness. The research is centered on Switzerland, whose varying degrees of direct democracy from one canton to another, all within a single economy, allow for political effects to be isolated from economic effects. Not surprisingly, the authors confirm that unemployment and inflation nurture unhappiness. Their most striking revelation, however, is that the more developed the democratic institutions and the degree of local autonomy, the more satisfied people are with their lives. While such factors as rising income increase personal happiness only minimally, institutions that facilitate more individual involvement in politics (such as referendums) have a substantial effect. For countries such as the United States, where disillusionment with politics seems to be on the rise, such findings are especially significant. By applying econometrics to a real-world issue of general concern and yielding surprising results, Happiness and Economics promises to spark healthy debate over a wide range of the social sciences.


Animal Spirits

Animal Spirits
Author: George A. Akerlof
Publisher: Princeton University Press
Total Pages: 261
Release: 2010-02-01
Genre: Business & Economics
ISBN: 1400834724

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From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.