Abstract
The piece begins with the proposition that the economic
perspective on human activity must reflect the fact that human beings
transact in a world defined for the actors by social norms. An analysis of
the crisis of 2008 is offered as a demonstration of the value of adopting
such a broader perspective. Part II offers an historical model based on Adam
Smith’s Moral Philosophy of such a broader analysis. The piece
closes with the case that the history of ideas offers alternative
perspectives on the questions we explore in economics today, and thus can
serve as a valuable resource for constructive skepticism of the current
discourse.
Publisher
Cambridge University Press (CUP)
Subject
History and Philosophy of Science,General Economics, Econometrics and Finance,General Arts and Humanities
Reference34 articles.
1. Life Among the
Econ;Leijonhufvud;Western Economic
Journal,1973
2. The Political Economy
of Rent-Seeking Society;Kruger;American
Economic Review,1974
3. Adam Smith's Moral Philosophy
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6 articles.
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