Dangers

Steven Rosefielde and Ralph W. Pfouts

Chapter 13 in Inclusive Economic Theory, 2014, pp 117-129 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Neo-realism is the theory of diverse forms of aberrant economic behavior judged from the rationalist Enlightenment standard. It encompasses disturbed, corrupt, and sublime behavior as well as acquiescent conflict resolution strategies. All neo-realist behavior is incompatible with idealist Pareto optimality, and most disturbed and corrupt activities are psychological and ethically detrimental, but sublime behavior and acquiescent conflict resolution strategies may have compensating virtues. Wise individuals and societies therefore should cherry pick. They can achieve superior results by eradicating the bad, and harnessing the good. This chapter examines the dangers posed by disturbed and unscrupulous neo-realist behaviors. Chapter 13 analyses opportunities afforded by sublime behavior and acquiescent conflict resolution strategies…

Keywords: Inclusive Economic Theory; Satisficing; Systems; Culture (search for similar items in EconPapers)
Date: 2014
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