Metaeconomics: Toward an Ego'N'Empathy Economy
Facilitating a More Humanistic Economy on
the Path to Saving Capitalism
Gary D Lynne
Department of Agricultural Economics
University of Nebraska-Lincoln
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Metaeconomics, using Dual Interest Theory (see Lynne, in press), builds on Neoclassical Microeconomics which uses Single Interest Theory. It also builds on Neoinstitutional Economics. Metaeconomics integrates across both kinds of economics, while drawing heavily on empirical Behavioral Economics. It makes explicit the moral and ethical dimension of a joint Market&Government. It also recognizes thermodynamics. So, it is especially suited for use in facilitating an emerging Ego`N`Empathy Economy as part of an Empathic Civilization (Rifkin, 2009), an essential part of a Good Capitalism. Adam Smith saw it: The Theory of Moral Sentiments is about Empathy.
[As John R. Commons, Institutional Economist, University of Wisconsin, said it, in 1934:
"... save capitalism by making it good" ... cited in Whalen, C.J. Saving Capitalism by Making it Good: The Monetary Economics of John R. Commons. Journal of Economic Issues 27,4 (1993): 1155-1179
Lynne, G. D. Metaeconomics: Tempering Excess Greed. New York: Palgrave Macmillan, In Press https://www.palgrave.com/us/book/9783030506001
Rifkin, J. 2009. The Empathic Civilization: The Race to Global Consciousness in a World in Crisis. New York: Jeremy P. Tarcher. ].
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