humanistic economics - general interest audience

H umanistic Economics aiming at a general interest audience can be seen as a response to the modern world operating on the philosophy supplied by the prevailing economic way of thinking:  the economics that is taught in introductory Principles of Economics courses in colleges and universities, now all over the globe. One dissident economist, the humanistic scholar/activist, E.F. Schumacher, famous for his celebrated book, Small Is Beautiful, has described this economics as a “religion of materialism.” Conventional economics has long subscribed to the principles of unlimited wants and the redundancy of the concept of human needs: this is why it's a religion of materialism. It creates an artificial world where there are only wants. Traditional economics further maintains that “rational” behavior is to try to satisfy these unlimited wants. Since this is impossible, there...

Linked on 2014-12-10 03:47:58 | Similar Links