Title
What’s Wrong with Economics? It Ignores the Pogo Principle: 'We Have Met the Enemy and He is Us'
Document Type
Article
Date
8-2011
Keywords
tbd
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
Evensky, Jerry, "What’s Wrong with Economics? It Ignores the Pogo Principle: 'We Have Met the Enemy and He is Us'" (2011). Economics - All Scholarship. 146.
https://surface.syr.edu/ecn/146
Source
Harvested form ssrn.com
Additional Information
This manuscript is from the Social Science Research Network, for more information see http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1904409#306533