Gary D Lynne
Toward Balance in:
... leading to a Humane Liberalism based good capitalism: Save Capitalism by Making It Good
... leading to a Humanomics as practiced by Adam Smith, with the added analytical power from using modern Dual Interest Theory
Department of Agricultural Economics
University of Nebraska-Lincoln
Join the conversation about building a Good (Humane Liberalism Based) Capitalism!
Metaeconomics (Lynne, 2020) brings ethics back into view in economics, while building on Behavioral Economic Science, as in scienceðics, STEM&Humanities. And, with empathy the starting point for ethics, it is especially suited for building an Ego&Empathy Economy as part of an Empathic Civilization (Rifkin, 2009), and a Good Capitalism. Adam Smith (1759/1790) saw Sentiments (Empathy) as the key, which Metaeconomics clarifies is the key to "saving capitalism by making it good (Commons)." Empathy is also the key feature of making for a good Innovism (a term associated with Humanomics, as in McCloskey and Carden 2020), which also rests on a foundation of scienceðics. Metaeconomics is a Humanomics with a theory: Dual Interest Theory works.
Commons, John R., Institutional Economist, 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
McCloskey, D.N. and Carden, A. Leave Me Alone and I'll Make You Rich. Chicago: The University of Chicago Press, 2020.M
Rifkin, J. The Empathic Civilization: The Race to Global Consciousness in a World in Crisis. New York: Jeremy P. Tarcher, 2009.
Smith, Adam. The Theory of Moral Sentiments. Edited by D.D. and A.L. Macfie Raphael. Indianapolis, Indiana: Liberty Fund, Inc., 1759/1790.
Book: Lynne, G. D. Metaeconomics: Tempering Excessive Greed. Palgrave Advances in Behavioral Economics (John Tomer, Ed.). New York: Palgrave Macmillan, 2020 https://tinyurl.com/yxagxtuf
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