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The Evolving Dialogue

In: Rediscovering Social Economics

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  • Roger D. Johnson

Abstract

The ruling Neoclassical paradigm with its focus on equilibrium analysis and autonomous human decision-making has distracted the discipline from understanding and addressing the most crucial issues facing modern society. Its behavioral and embedded but unacknowledged moral assumptions have helped to create an unrealistic understanding of human society and frequently fostered counterproductive policy prescriptions. Fortunately, a new generation of economists has emerged to challenge the Neoclassical paradigm and perhaps return the discipline to the broader social and philosophical roots of the discipline as epitomized by Adam Smith.

Suggested Citation

  • Roger D. Johnson, 2017. "The Evolving Dialogue," Perspectives from Social Economics, in: Rediscovering Social Economics, chapter 0, pages 165-173, Palgrave Macmillan.
    • Handle: RePEc:pal:pfschp:978-3-319-51265-5_13
    DOI: 10.1007/978-3-319-51265-5_13
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