Individuals and institutions in social economics

Neva Goodwin

MPRA Paper from University Library of Munich, Germany

Abstract: This is Chapter 4 from "Social Economics: An Alternative Theory" (St. Martin's Press, 1991). This chapter focuses on the human subjects of economic study, suggesting that the psychology offered in neoclassical economics is severely inadequate to serve as the foundation for a social science. Psychological issues that deserve more attention in economics include altruism, trust, learning processes, and the values of "doing" and "being" - these last being contrasted with the neoclassical emphasis on "having." Economic theory also needs to evolve along with - and to assist in the constructive evolution of - real-world economic systems.

Keywords: psychology; psychological economics; altruism; trust (search for similar items in EconPapers)
JEL-codes: B0 I31 Z1 (search for similar items in EconPapers)
Date: 1991
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