The distributive liberal social contract as definite norm of communicative action: A characterization through the Nash social welfare function

Abstract Economics imperialism as an interdisciplinary relationship is supported by some, resisted by others, but these attitudes are seldom systematically derived from explicitly stated values and norms of scientific inquiry. Once we start getting explicit about these matters, they also become more complex and blurred. Some consider such norms part of the definition of economics … Continue reading The distributive liberal social contract as definite norm of communicative action: A characterization through the Nash social welfare function

Economics and Psychology: from Imperialistic to inspired Economics

Abstract Economic reasoning has been successfully applied to traditional areas of (social) psychology. While progress can certainly be made by further applying the economic approach to these areas outside the economy, diminishing returns have set in. It is now time to change from imperialistic to inspired economics. Psychology contains many ideas which can enrich future … Continue reading Economics and Psychology: from Imperialistic to inspired Economics