Two cheers for humanomics

Lenore T. Ealy () and Allen Mendenhall ()
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Lenore T. Ealy: Vicerrectora Internacíonal, Universidad Francisco Marroquín
Allen Mendenhall: Troy University

Public Choice, 2025, vol. 202, issue 3, No 18, 627-639

Abstract: Abstract In the following paper, we endorse the departure from traditional econometrics towards a more inclusive understanding of economic behavior. Humanomics, as championed by Vernon Smith and Bart Wilson, integrates cultural factors, transcending the limitations of quantitative models. We celebrate its potential for exploring emergent norms across diverse contexts and insights into philanthropy’s role in institution building. Offering a friendly critique of experimental economics, we advocate for a broader conversation among scholarly traditions. Our paper emphasizes the importance of embracing complexity and diversity in economic science, positioning humanomics as a valuable framework for interdisciplinary dialogue and inspiring scholars to explore new perspectives, thereby fostering an enlightened and open-minded academic community.

Keywords: Humanomics; Economic behavior; Cultural factors; Norms; Philanthropy; D01; D64; A13 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11127-024-01224-7

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