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

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  • Peter Danner
  • Edward O’Boyle

Abstract

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.
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  • Peter Danner & Edward O’Boyle, 1999. "Personalist economics is human economics because it puts the human person at the center of economic affairs," Forum for Social Economics, Springer;The Association for Social Economics, vol. 29(1), pages 47-61, September.
    • Handle: RePEc:spr:fosoec:v:29:y:1999:i:1:p:47-61
    DOI: 10.1007/BF02761671
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    References listed on IDEAS

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    1. Edward O’Boyle, 1998. "The duty of the firm in selling to the poor: A question of the person, justice, and subsidiarity," Forum for Social Economics, Taylor & Francis Journals, vol. 28(1), pages 7-21, January.
    2. Peter Danner, 1995. "Personalism and the problem of scarcity," Forum for Social Economics, Springer;The Association for Social Economics, vol. 25(1), pages 21-32, September.
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