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Opportunities

In: INCLUSIVE ECONOMIC THEORY

Author

Listed:
  • Steven Rosefielde
  • Ralph W. Pfouts

Abstract

Neo-realist theory has another face. It includes a variety of utility and welfare enhancing behaviors overlooked by Enlightenment advocates of individual reason and freedom which require people to shun materialist utility maximizing, or adopt satisficing conventions that restrict or eliminate free individual choice for the greater good whenever public policy fails. The first lacunae is exemplified by Theravada Buddhism; the second by Japanese communalist obligation. This chapter examines both phenomena to substantiate the claim that the design of superior economic systems should not be restricted to idealist and realist neoclassical paradigms…

Suggested Citation

  • Steven Rosefielde & Ralph W. Pfouts, 2014. "Opportunities," World Scientific Book Chapters, in: INCLUSIVE ECONOMIC THEORY, chapter 14, pages 131-136, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814566650_0014
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