Corvinus
Corvinus

The importance of meta-economics

Zsolnai, László (2011) The importance of meta-economics. In: Responsibility in Economics - The Legacy of E.F. Schumacher, 22-23 September 2011, Antwerp, Belgium.

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Abstract

E.F. Schumacher was one of the first scholars who recognized the crucial role of metaeconomics. In his "Small is beautiful" he writes: "The science of economics is 'so prone to usurp the rest' … because it relates to certain very strong drives of human nature, such as envy and greed. All the greater is the duty of its experts, the economists, to understand and clarify its limitations, that is to say, to understand meta-economics." (Schumacher, E. F. 1973: p. 38) Meta-economics is the basic assumptions about the subject-matter, value-orientation and methodology of economics. (Zsolnai, L. 1991) The paper attempts to reconstruct the metaeconomic foundation of mainstream economics and that of alternative economics initiated by Schumacher. It shows how the emerging alternative economics transcends the erroneous metaeconomic assumptions of mainstream economics by considering the total economic process, choosing sustainable livelihood as basic value-orientation, and employing a constructive methodology.

Item Type:Conference or Workshop Item (Paper)
Subjects:Economics
Projects:TÁMOP-4-2.1.B-09/1/KMR- 2010-0005
ID Code:1195
Deposited By: Ádám Hoffmann
Deposited On:26 Apr 2013 09:19
Last Modified:26 Apr 2013 09:19

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