Personalist economics is human economics because it puts the human person at the center of economic affairs

Bibliographic Data

ID12067992
AuthorsPeter L Danner (Marquette University, corresponding author), Peter Danner, Edward O’Boyle
Year1999
Volume29
Issue1
Pages47-61
Publication date1999-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForum for Social Economics (JOURNAL)
Journal identifiersISSN: 0736-0932 • E-ISSN: 1874-6381
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1007/bf02761671
OpenAlexW2030071357
LanguageEN
Citations received8
References cited7

The hard core of conventional economics consists of a set of four main premises regarding the economy. Simply put they are the law of nature, the individual, certainty, and contracts. Juxtapositioned to these four premises of conventional economics, there are four from personalist economics: institutions, the person, uncertainty and status. In sharp constrast with the overwhelming majority of our contemporaries in economics whose views on economic affairs are grounded in individualism, we think about economic affairs in a market system in terms of personalism. Personalist economics is human economics because it puts the human person at the center of economic affairs. Here our presentation focuses on three central economic activities: consumption, work and leisure. In addressing these activities we emphasize that (1) human persons are materialized spirits and (2) human nature is two dimensional — individual and social. In our remarks we rely heavily on Emmanuel Mounier and John Paul II

Economic growth · Economics · Homo economicus · Human capital · Individualism · Institutional economics · Market economy · Methodological individualism · Neoclassical economics · Political science · Positive economics · Rationality · Schools of economic thought · Sociology · Economic Theory and Institutions · Economic Theory and Policy · Law · Political Economy and Marxism

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