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    Home » Business & Investment » Meaningful Economics: Making the Science of Prosperity More Human
    Business & Investment

    Meaningful Economics: Making the Science of Prosperity More Human

    TeamBy TeamOctober 28, 2024No Comments2 Mins Read0 Views
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    1730121645 41Ec6eAyXCL Meaningful Economics: Making the Science of Prosperity More Human Edu Expertise Hub Economics
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    Price: $34.95
    (as of Oct 28, 2024 13:20:45 UTC – Details)

    amazon buy now button 300x148 1 Meaningful Economics: Making the Science of Prosperity More Human Edu Expertise Hub Economics

    Economics has a problem–the discipline cannot distinguish the causes of human action from the consequences of human action. Economists deal with matters of fact, not with feelings and morals. They model representations of optimal agents, not flesh-and-blood human beings in ordinary life. By assuming that incentives and self-interest are sufficient to explain economic activity, economic science proceeds as if the human mind does not matter. But the origins of our actions–ideas–do indeed matter. They make us human.

    In Meaningful Economics, Bart J. Wilson challenges economics to directly engage human beings as we really are, not as economists ideally assume. Wilson argues that economic science is as much about purposes and human values as it is about incentives. Moreover, he shows how the outcomes of our decisions (costs and benefits) and the origins of our decisions (motives and goals) can be understood in an integrated way.

    Over the course of the book, Wilson develops a framework that connects the origins of human action to the outcomes of human action, explaining human conduct with causes and effects. He then shows how three basic principles of economics–trade, specialization, and property–require meaning, values, and purpose. With a fresh perspective and a novel theoretical framework that bridges economics and ethics, Meaningful Economics explains the roots of human conduct and its economic effects by grounding a science of economics in the moral sentiments that prompt human beings to act.

    Publisher ‏ : ‎ Oxford University Press (December 27, 2024)
    Language ‏ : ‎ English
    Paperback ‏ : ‎ 264 pages
    ISBN-10 ‏ : ‎ 0197758150
    ISBN-13 ‏ : ‎ 978-0197758151
    Item Weight ‏ : ‎ 1.11 pounds

    This post is exclusively published on eduexpertisehub.com
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