Personalist Economics: Moral Convictions, Economic Realities, and Social Action
Author(s)
O’Boyle, Edward J.
Abstract
The first and most important strength of Personalist Economics is that it rests upon and offers a different ideological foundation for doing economics and understanding economic affairs. It suggests re-thinking our premises, re-examining our description of economic, and re-assessing our policy recommendations by substituting personalism for both the individualism of mainstream economics and the collectivism of its principal alternative. It argues that how we understand and describe economic affairs and where we end up in terms of economic policy depend on where we begin in terms of our premises. Taken seriously by our colleagues in economics, whether orthodox or heterodox, Personalist Economics calls for much greater openness and critical scrutiny of the premises we use routinely but discuss only occasionally.
