Landscape of the Metaeconomics Framework and Dual Interest Theory

Gary D. Lynne ()
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Gary D. Lynne: University of Nebraska–Lincoln

Chapter Chapter 2 in Metaeconomics, 2020, pp 33-57 from Palgrave Macmillan

Abstract: Abstract Adam Smith wrote two books. The first, The Theory of Moral Sentiments, focused on the moral dimension. Neoinstitutional Economics grew out of it. Based on that framing, Metaeconomics developed the proposition of a shared Other-interest. The second, On the Nature and the Causes of the Wealth of Nations, focused on the material wealth-making dimension. Neoclassical Economics grew out of it. Metaeconomics includes the proposition of Self-interest a primal driver, consistent with that tradition. The overall landscape of Other-interest and Self-interest economics is explored. It is proposed that an integration is needed, as in Self- and Other-interest. The integration is, then, across the material and moral and, on a larger scale, across Market and Government.

Date: 2020
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DOI: 10.1007/978-3-030-50601-8_2

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