Abstract
The piece begins with the proposition that the economic perspective on human activity must reflect the fact that human beings transact in a world defined for the actors by social norms. An analysis of the crisis of 2008 is offered as a demonstration of the value of adopting such a broader perspective. Part II offers an historical model based on Adam Smith's Moral Philosophy of such a broader analysis. The piece closes with the case that the history of ideas offers alternative perspectives on the questions we explore in economics today, and thus can serve as a valuable resource for constructive skepticism of the current discourse.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1-20 |
| Number of pages | 20 |
| Journal | Journal of the History of Economic Thought |
| Volume | 34 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 2012 |
ASJC Scopus subject areas
- General Arts and Humanities
- General Economics, Econometrics and Finance
- History and Philosophy of Science