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Metaeconomics: Tempering Excessive Greed: Palgrave Advances in Behavioral Economics

Autor Gary D. Lynne
en Limba Engleză Paperback – 14 noi 2021
This book presents the Metaeconomics Framework and Dual Interest Theory, which weave the empathy-based moral and ethical dimension back into key economic questions. Metaeconomics addresses the problem of placing too much emphasis on the market or the government, and thus argues that seeing the link between ego and empathy, self- and other-interest, and market and government will lead to a more just, fair, and sustainable polity. The unique Dual Interest Theory proposes that ego-based self-interest and empathy-based other-interest are joint and internal to each person: it maintains the original proposition from Adam Smith that each person maximizes their own-interest, which Metaeconomics makes clear involves balancing the two joint interests, although self-interest is more primal. The book begins with an explanation of how Metaeconomics connects the other kinds of economics. The book then provides a series of applications of Metaeconomics in heated policy issues, such as elections, finance, family, food, health, natural resources, education, taxes, and extreme inequality, among others. Finally, the book concludes that the only way to save capitalism is to bring empathy into both private and public actions and bring about a more humane balance in market and government.
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Specificații

ISBN-13: 9783030506032
ISBN-10: 3030506037
Pagini: 315
Ilustrații: XXVIII, 315 p. 10 illus.
Dimensiuni: 148 x 210 mm
Greutate: 0.45 kg
Ediția:1st ed. 2020
Editura: Springer International Publishing
Colecția Palgrave Macmillan
Seria Palgrave Advances in Behavioral Economics

Locul publicării:Cham, Switzerland

Cuprins

1. Introduction.- 2. Landscape of the Metaeconomics Framework and Dual Interest Theory.- 3. Drifting Isles and Re-Integration on the Metaeconomics Continent.- 4. Formal Metaeconomics: Recycling Choices- 5. Metaeconomics as Behavioral Economics and the Focus on Happiness.- 6. Elections Policy: Voting Is Not Only About Self-Interest.- 7. Financial Policy: Tempering Greed.- 8. Food Policy: Stability, Sustainability, and Safety.- 9. Health Policy: Universal Pre-existing Conditions.- 10. Family Policy: Failed Liberalism and Lost Sensibilities.- 11. Education Policy: Need for Science and Ethics.- 12. Natural Resource Policy: Avoiding the Tragedy of the Commons.- 13. Tax Policy: Pay the Price.- 14. Income and Wealth Policy: Toward Optimal Inequality.- 15. Saving Capitalism: Bring Empathy into Mind and Action.- 16. Conclusion.

Notă biografică

Gary D. Lynne is Professor Emeritus at the University of Nebraska-Lincoln, USA. Lynne earned BS and MS degrees from North Dakota State University and a PhD from Oregon State University, all in Agricultural Economics. He specialized in Natural Resource Economics. He worked mainly in research, holding positions at the University of Florida and the University of Nebraska-Lincoln. Lynne has published over 180 journal papers, book chapters, reviews, reports, and articles—all connected into the related science that gave form and substance to the empirical foundation for Metaeconomics. It also led to coining the notion of Empathy Conservation. For further information about the research program and the author, see the website https://www.metaeconomics.info.

Textul de pe ultima copertă

This book presents the Metaeconomics Framework and Dual Interest Theory, which weave the empathy-based moral and ethical dimension back into key economic questions. Metaeconomics addresses the problem of placing too much emphasis on the market or the government, and thus argues that seeing the link between ego and empathy, self- and other-interest, and market and government will lead to a more just, fair, and sustainable polity. The unique Dual Interest Theory proposes that ego-based self-interest and empathy-based other-interest are joint and internal to each person: it maintains the original proposition from Adam Smith that each person maximizes their own-interest, which Metaeconomics makes clear involves balancing the two joint interests, although self-interest is more primal. The book begins with an explanation of how Metaeconomics connects the other kinds of economics. The book then provides a series of applications of Metaeconomics in heated policy issues, such as elections, finance, family, food, health, natural resources, education, taxes, and extreme inequality, among others. Finally, the book concludes that the only way to save capitalism is to bring empathy into both private and public actions and bring about a more humane balance in market and government.

Caracteristici

Explains the Metaeconomics Framework and Dual Interest Theory, which give an alternative way to address economic questions Brings the moral and ethical dimension back into focus in economics, as Adam Smith intended Provides applications of Metaeconomics that show the need for seeing the link between ego and empathy, and self and other, both within each person and within market and government Connects behavioral economics, neoclassical economics, and neoinstitutional economics