John Tomer’s Human Firm: How Behavioral Economics Has Helped Us Understand the Firm

Justin Ferguson, Mark Pingle () and Cameron Xu
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Justin Ferguson: Stanford University
Mark Pingle: The University of Nevada
Cameron Xu: Union County Magnet School

Chapter Chapter 6 in Constructing a More Scientific Economics, 2022, pp 101-125 from Palgrave Macmillan

Abstract: Abstract John Tomer’s book The Human Firm sought to extend the neoclassical model of the firm by incorporating what he called “the firm’s human dimension.” Among other factors, Tomer emphasized the importance of broadening the human capital concept to obtain a more robust understanding of the firm. Tomer focused much of his life’s work on fleshing out the role that intangible types of human capital can play because he viewed economics as falling short in this regard. Here, we review the work of John Tomer and other economists with the goal of identifying how extending the neoclassical model of the firm has provided a better understanding of how firms work, how they affect the individuals who work in them, and how they affect society as a whole.

Date: 2022
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DOI: 10.1007/978-3-030-83928-4_6

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