Meaningful Economics
Making the Science of Prosperity More Human
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ISBN:
9780197758151
Publication date:
06/08/2025
Paperback
264 pages
235x156mm
Price: 995.00 INR
We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.
ISBN:
9780197758151
Publication date:
06/08/2025
Paperback
264 pages
Bart J. Wilson
Presents a significant new interpretation of economic science as founded on meaning, values, and purpose,Draws on evolutionary biology, linguistics, and philosophy to build a new study of economics,Argues that economics is as much about purposes and human values as it is about cost-benefit analysis,Reframes economic science as a question of "why?" and not merely "how?" or "how much?"
Rights: OUP UK (INDIAN TERRITORY)
Bart J. Wilson
Description
Economics has a problem—the discipline cannot distinguish the causes of human action from the consequences of human action. Economists deal with matters of fact, not with feelings and morals. They model representations of optimal agents, not flesh-and-blood human beings in ordinary life. By assuming that incentives and self-interest are sufficient to explain economic activity, economic science proceeds as if the human mind does not matter. But the origins of our actions—ideas—do indeed matter. They make us human.
In Meaningful Economics, Bart J. Wilson challenges economics to directly engage human beings as we really are, not as economists ideally assume. Wilson argues that economic science is as much about purposes and human values as it is about incentives. Moreover, he shows how the outcomes of our decisions (costs and benefits) and the origins of our decisions (motives and goals) can be understood in an integrated way.
Over the course of the book, Wilson develops a framework that connects the origins of human action to the outcomes of human action, explaining human conduct with causes and effects. He then shows how three basic principles of economics—trade, specialization, and property—require meaning, values, and purpose. With a fresh perspective and a novel theoretical framework that bridges economics and ethics, Meaningful Economics explains the roots of human conduct and its economic effects by grounding a science of economics in the moral sentiments that prompt human beings to act.
About the author
Bart J. Wilson is Professor of Economics and Law and Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University. He is the author of The Property Species: Mine, Yours, and the Human and co-author (with Vernon Smith) of Humanomics: Moral Sentiments and Wealth of Nations for the Twenty-First Century. He has also published widely in economics and general science journals, including the American Economic Review, Proceedings of the National Academy of Sciences, Scientific Reports, and Nature Human Behaviour.
Bart J. Wilson
Table of contents
Acknowledgements
Exordium
Prologue
Part I. Economics Has a Problem
1. Scarcity Isn't Fundamental; The Human Mind Is
2. Economics Needs Moral Sentiments
3. And to Distinguish Cause and Effect in Meaningful Human Action
4. With Universal Patterns of Human History
5. And With Human Customs and Practices
Part II. A Framework for Studying the Origins and Outcomes of Human Conduct
6. Human Conduct Is a Challenge to Study
7. Because There Are Four Ways to Explain Why We Do What We Do
8. The Mind Creates Human Customs
Part III. Why Do Human Beings . . .
9. Why Do Human Beings Have the Custom of Property?
10. Why Do Human Beings Truck, Barter, and Exchange One Thing for Another?
11. Why Do Human Beings Divide Their Labor?
Part IV. The Mind Is the Answer to Old and New Questions
12. Property Rights Aren't Primary; Ideas Are
13. Preferences Do Not Explain Norms; Ideas Do
14. Materials Alone Can't Enrich Us; Ideas Plus Materials Can
Author's Note
References
Bart J. Wilson
Description
Economics has a problem—the discipline cannot distinguish the causes of human action from the consequences of human action. Economists deal with matters of fact, not with feelings and morals. They model representations of optimal agents, not flesh-and-blood human beings in ordinary life. By assuming that incentives and self-interest are sufficient to explain economic activity, economic science proceeds as if the human mind does not matter. But the origins of our actions—ideas—do indeed matter. They make us human.
In Meaningful Economics, Bart J. Wilson challenges economics to directly engage human beings as we really are, not as economists ideally assume. Wilson argues that economic science is as much about purposes and human values as it is about incentives. Moreover, he shows how the outcomes of our decisions (costs and benefits) and the origins of our decisions (motives and goals) can be understood in an integrated way.
Over the course of the book, Wilson develops a framework that connects the origins of human action to the outcomes of human action, explaining human conduct with causes and effects. He then shows how three basic principles of economics—trade, specialization, and property—require meaning, values, and purpose. With a fresh perspective and a novel theoretical framework that bridges economics and ethics, Meaningful Economics explains the roots of human conduct and its economic effects by grounding a science of economics in the moral sentiments that prompt human beings to act.
About the author
Bart J. Wilson is Professor of Economics and Law and Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University. He is the author of The Property Species: Mine, Yours, and the Human and co-author (with Vernon Smith) of Humanomics: Moral Sentiments and Wealth of Nations for the Twenty-First Century. He has also published widely in economics and general science journals, including the American Economic Review, Proceedings of the National Academy of Sciences, Scientific Reports, and Nature Human Behaviour.
Table of contents
Acknowledgements
Exordium
Prologue
Part I. Economics Has a Problem
1. Scarcity Isn't Fundamental; The Human Mind Is
2. Economics Needs Moral Sentiments
3. And to Distinguish Cause and Effect in Meaningful Human Action
4. With Universal Patterns of Human History
5. And With Human Customs and Practices
Part II. A Framework for Studying the Origins and Outcomes of Human Conduct
6. Human Conduct Is a Challenge to Study
7. Because There Are Four Ways to Explain Why We Do What We Do
8. The Mind Creates Human Customs
Part III. Why Do Human Beings . . .
9. Why Do Human Beings Have the Custom of Property?
10. Why Do Human Beings Truck, Barter, and Exchange One Thing for Another?
11. Why Do Human Beings Divide Their Labor?
Part IV. The Mind Is the Answer to Old and New Questions
12. Property Rights Aren't Primary; Ideas Are
13. Preferences Do Not Explain Norms; Ideas Do
14. Materials Alone Can't Enrich Us; Ideas Plus Materials Can
Author's Note
References
Colonialism and Indian Economy
Amiya Bagchi
The Economy of the Mughal Empire C. 1595
Shireen Moosvi
