Title
What's Wrong with Economics? It Ignores the Pogo Principle: "We Have Met the Enemy and He is Us"
Document Type
Article
Date
6-21-2011
Keywords
Social Norms, Ethics, Adam Smith, Crisis, Recession, History, Distribution
Disciplines
Economics
Description/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 two offers a 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.
Recommended Citation
Evenesky, Jerry, "What's Wrong with Economics? It Ignores the Pogo Principle: "We Have Met the Enemy and He is Us"" (2011). Economics - All Scholarship. 8.
https://surface.syr.edu/ecn/8
Source
harvested from SSRN
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
