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Saving Capitalism: Bring Empathy into Mind and Action

In: Metaeconomics

Author

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  • Gary D. Lynne

    (University of Nebraska–Lincoln)

Abstract

Metaeconomics points to an Empathy-based, humane liberalism in the foundation of capitalism, the kind originally envisioned by Adam Smith. In light of Metaeconomics framing, the natural tendencies to Fascism must be addressed. That is, when the various bad liberalism frames come to overly influence the system, bad capitalism emerges. As soon as it arrives, Fascism again becomes popular, as well as the other “isms” at the ends of the spectrum. Metaeconomics is a direct counter to “bad-isms” of all kinds, due to being based in empirical reality and pointing to the essential need for an ethical foundation, both especially missing in Fascism. Metaeconomics holds the potential to help in saving capitalism by shifting the conversation to making it good, which keeps Fascist tendencies at bay.

Suggested Citation

  • Gary D. Lynne, 2020. "Saving Capitalism: Bring Empathy into Mind and Action," Palgrave Advances in Behavioral Economics, in: Metaeconomics, chapter 0, pages 259-287, Palgrave Macmillan.
    • Handle: RePEc:pal:paichp:978-3-030-50601-8_15
    DOI: 10.1007/978-3-030-50601-8_15
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