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The Humanistic Economics of Krausismo

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  • Claus Dierksmeier

Abstract

Current efforts of reconciling economics with ethics, as exemplified by the works of Amartya Sen, may be assisted by a glance back into the history of ideas.A tradition typically overlooked in Anglo-American scholarship, the Spanish and Latin America movement of krausismo, proposed a conception of a humanistic economics already in the late 19th century. This article reconstructs the intellectual premises of said tradition, portrays its participatory agenda for an integration of ethical norms into economic policy in a selected case and concludes with reflections on how to advance an economics in tune with society’s normative aspirations.

Suggested Citation

  • Claus Dierksmeier, 2020. "The Humanistic Economics of Krausismo," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 140(1), pages 65-86.
    • Handle: RePEc:dah:aeqjce:v140_y2020_i1_q1_p65-86
    DOI: 10.3790/schm.140.1.65
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    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B19 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Other
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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