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Hes Presidential Address: What’S Wrong With Economics?

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  • EVENSKY, JERRY

Abstract

The piece begins with the proposition that the economic perspective on human activity must reflect the fact that human beings transact in a world defined for the actors by social norms. An analysis of the crisis of 2008 is offered as a demonstration of the value of adopting such a broader perspective. Part II offers an historical model based on Adam Smith’s Moral Philosophy of such a broader analysis. The piece closes with the case that the history of ideas offers alternative perspectives on the questions we explore in economics today, and thus can serve as a valuable resource for constructive skepticism of the current discourse.

Suggested Citation

  • Evensky, Jerry, 2012. "Hes Presidential Address: What’S Wrong With Economics?," Journal of the History of Economic Thought, Cambridge University Press, vol. 34(1), pages 1-20, March.
    • Handle: RePEc:cup:jhisec:v:34:y:2012:i:01:p:1-20_00
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    Cited by:

    1. Ben Fine, 2013. "Economics - Unfit for purpose: The Director's Cut," Working Papers 176, Department of Economics, SOAS University of London, UK.
    2. Piercarlo Frigero, 2017. "Reconsidering Communication Regarding Economic Phenomena. Some Hints from a Complexity Approach," Working papers 040, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.

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