HES PRESIDENTIAL ADDRESS: WHAT’S WRONG WITH ECONOMICS?

Author:

EVENSKY JERRY

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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1. THE HISTORY OF ECONOMIC THOUGHT FROM THE VIEWPOINT OF HES PRESIDENTIAL ADDRESSES;Journal of the History of Economic Thought;2024-02-20

2. Reflexiones acerca del estado del arte en Historia del Pensamiento Económico tras la Gran Recesión;Iberian Journal of the History of Economic Thought;2022-05-05

3. Where Economics Went Wrong: A Review Essay;Journal of Economic Literature;2020-09-01

4. Towards an economics of well-being;Cambridge Journal of Economics;2016-10-24

5. An Economics of Wellbeing: What Would Economics Look Like if it were Focused on Human Wellbeing?;IDS Working Papers;2014-01

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