Humanistic economics

Humanistic economics is a distinct pattern of economic thought with old historical roots that have been more recently invigorated by E. F. Schumacher's Small Is Beautiful: Economics as if People Mattered (1973). Proponents argue for "persons-first" economic theories as opposed to mainstream economic theories which are understood as often emphasizing financial gain over human well-being. In particular, the overly abstract human image implicit in mainstream economics is critically analyzed and instead it attempts a rethinking of economic principles, policies and institutions based on a richer and more balanced view of human nature.

A history that goes back two centuries and starts with the new political economy of J.C.L. and extends to E.F. Schumacher and beyond.

Simonde de Sismondi

A critique of contemporary micro- and macroeconomic theories, particularly those relating to efficiency, equality, agency, motivation, work, unemployment, comparative advantage, globalization, ecology, social accounting and macroeconomic stability.

A critical analysis of socio-economic institutions, including property, corporate power, the workplace, and the global institutions governing international trade and finance.

A normative analysis based on human dignity and basic rights that addresses issues of poverty amidst plenty, economic democracy, ecological sustainability and socio-economic development.

A realist philosophical discourse opposed to all kinds of nominalism, relativism, scientific positivism, and post-modernism.

According to Mark A. Lutz, five characteristic elements of humanistic economics can be summarized as follows:^[2]

As part of a series of efforts by Prof. Jaime Lagunez, World Medicine was created - a company to be owned by all citizens of the world. Lagunez has offered to include results of his research on cancer and vs HIV to be sold by the company. A short powerpoint presentation speaks about his work.

Happiness economics

Participation income

Daly, H., and J. Cobb, For the Common Good: Redirecting the Economy Towards Community, the Environment and a Sustainable Future, Boston, MA: Beacon Press, 1994.

Das, A., A Foundation of Gandhian Economics, New York: St. Martin's Press, 1979.

Lutz, M, & K. Lux, The Challenge of Humanistic Economics, Menlo Park, CA: Benjamin Cummings, 1979 0805366423.

ISBN

Piana, V, Human beings, EWI Key concept series, 2019.

Schumacher, E.F., Small Is Beautiful, New York: Harper Torchbooks, 1973.

John Komlos, , 96: 184-202.

Humanistic economics, a new paradigm for the 21st century, real-world economics review

John Komlos, 2nd edition, Abingdon-on-Thames, UK: Routledge: 2019.