Metaeconomic sensibilities: Toward The Human Firm on a sustainable blue spaceship

Gary Lynne ()
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Gary Lynne: University of Nebraska-Lincoln

Journal of Behavioral Economics for Policy, 2021, vol. 5, issue S1, 55-64

Abstract: John Tomer, in The Human Firm, sets the stage for looking to Metaeconomic sensibilities about achieving sustainability on the Spaceship on which we travel together around the Sun. Using Thaler and Sunstein, the Econs envisioned in the Neoclassical Economics (Microeconomics) model behave differently than actual Humans. So, we need a model that explains the full range of behavior by the Humans, which is what The Human Firm is about. Metaeconomics grew out of the same general realization about the inability of the practitioners of Neoclassical Economics to explain more than a small percentage of the variation in environmental behavior of a firm. As Tomer (2014) says it, an "... ideal principled strategy is one that commits the firm to a harmonious relationship with its external social environment... (and, relating to the Spaceship)... the ideally behaving firm would not engage in any water pollution (and any other kind of damage) that the relevant affected parties find unacceptable." This article explains why only John Tomer's The Human Firm can provision the Spaceship travelers in the way that everyone can go along with.

Keywords: human firm; metaeconomics; self-interest; other-interest; own-interest; tempering greed; excessive greed; ethical reflection; production economics (search for similar items in EconPapers)
JEL-codes: D01 D02 D21 D23 D90 D91 (search for similar items in EconPapers)
Date: 2021
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