Personalist economics is human economics because it puts the human person at the center of economic affairs

Purpose The purpose of this paper is to examine the writings of Joseph Schumpeter on economic man to demonstrate that Schumpeter is a precursor of personalist economics. Design/methodology/approach This paper addresses two intertwined questions. What evidence supports the claim that Schumpeter rejected homo economicus? What evidence indicates that Schumpeter actually embraced the human person – the acting person – as a replacement for homo economicus? The evidence is presented in four sections: Schumpeter’s rejection of homo economicus; Schumpeter on economic agency; Schumpeter, a precursor of personalist economics; and final remarks. Findings As to the first question, there is no doubt that Schumpeter rejected homo economicus. Regarding the second, the evidence does not indicate that Schumpeter proposed replacing homo economicus with what today we refer to as the acting person. This paper concludes that by insisting on the critical role of the active, spontaneous, and eager-to-initiate change entrepreneur in economic affairs and our understanding of those affairs Schumpeter was a precursor of personalist economics. Originality/value To a large extent Schumpeter’s insights regarding economic agency and William Waters role in interpreting those insights have been buried in the economics literature. It was Waters in 1952 who stated that Schumpeter identified the inadequacy of economic man as the efficient cause of economic activity and re-established the human person as the true efficient cause, principally in terms of entrepreneurship.

Review of The human person.

Journal of Consulting Psychology ◽

10.1037/h0050119 ◽

1954 ◽

Vol 18 (5) ◽

pp. 384-384 ◽

Cited By ~ 1

Author(s):

Fred McKinney

Keyword(s):

Human Person

The Human Person at the Heart of Chaplaincy

Health and Social Care Chaplaincy ◽

10.1558/hscc.36911 ◽

2018 ◽

Vol 6 (2) ◽

pp. 141-143

Author(s):

Daniel Nuzum

Keyword(s):

Human Person

Internet of Things (IoT) is Smart Homes and the Risks

Journal of Electronics and Sensors ◽

10.31829/2689-6958/jes2019-2(1)-105 ◽

2019 ◽

pp. 1-4

Keyword(s):

Continuous Monitoring ◽

Human Person ◽

Advanced Technology ◽

Efficient Production ◽

Technological Evolution ◽

Technological Revolution ◽

Full Control ◽

Control Production ◽

Smart Technologies ◽

And Control

Undoubtedly is a technological revolution that has certainly focused on the interest of software development companies, companies of IT, hardware design, networks and artificial intelligence. A technological revolution that started a few years ago and has evolved rapidly, thanks to the technological evolution of IT and networks. It is a combination of many communication protocols, sensors and other intelligent technologies, the correlation between smart technologies, networks and services that all together complete processes in order to achieve the result for which they were installed. In advanced technology countries, both simple users and industry use IoT where sensors are simplified and automated at home and in industry, there is continuous monitoring, control and prediction of product failure for the benefit of efficient production of high quality products and control production at each stage of product processing / production. Someone could well think and say that all this is fantastic and that we have solved the problem of organization, easy life without further thoughts and worries since everything is done automatically.An IoT in an intelligent house could literally regulate everything, using sensors and appropriate software could talk with a human person, as well as someone could appropriately entice all that security and literally take full control of the premises of a home with consequences from minimal to catastrophic including the complete destruction of a home.

Rationality, Morality and Fulfilment: Towards an Economics of the Human Person

SSRN Electronic Journal ◽

10.2139/ssrn.1088945 ◽

2007 ◽

Author(s):

Oskari Juurikkala

Keyword(s):

Human Person

John Paul II’s Centesimus Annus

10.1093/oso/9780190660130.003.0014 ◽

2018 ◽

Cited By ~ 5

Author(s):

Matthew A. Shadle

Keyword(s):

Common Good ◽

Free Market ◽

Human Person ◽

Economic Life ◽

Pope John Paul Ii ◽

John Paul Ii ◽

Human Creativity ◽

God's Grace ◽

Centesimus Annus

Pope John Paul II wrote his 1991 encyclical Centesimus Annus to offer a Catholic vision of political and economic life after the collapse of communism in Eastern Europe and the democratization of many countries in Latin America and Asia. The encyclical provided a stronger defense of the free-market economy than had previous Catholic social teaching, and neoconservative Catholics saw it as a vindication of their views. Centesimus Annus also harshly condemns consumerism, however, and proposes that the state has a greater role in ensuring that the economy serves the common good than do the neoconservatives. John Paul II recognizes the essential role of human creativity and ingenuity in the economy, but balances this by emphasizing that the human person is the recipient of God’s grace.

Public Service, Public Goods, and the Common Good

10.1093/oso/9780190670054.003.0007 ◽

2017 ◽

Author(s):

Gerardo Sanchis Muñoz

Keyword(s):

Public Goods ◽

Common Good ◽

Human Person ◽

Economic Incentives ◽

Government Officials ◽

The Common Good ◽

International Agencies ◽

Self Interest ◽

The Common ◽

Appointed Officials

The proper provision of public goods by a well-functioning, impartial government is not the only thing necessary for attaining the common good, but it is essential. The economic view of the human person as a rational, self-interested maximizer has become pervasive in analyzing government dysfunction and is employed by international agencies to generate proposals to realign the economic incentives of government officials. But this mindset assumes and encourages self-interest and undermines idoneidad (suitability)—which includes integrity, motivation, and competence—as the most fundamental characteristic that must be demanded of both elected and appointed officials at all levels of government. The failure of public institutions in Argentina is employed as a telling example of such problems.

Body and Soul

10.1093/oso/9780198806646.003.0003 ◽

2017 ◽

Author(s):

Isabella Image

Keyword(s):

Human Person ◽

Fourth Century ◽

The Body ◽

The Other ◽

Spiritual Nature ◽

Body And Soul ◽

Century Thought

This chapter discusses Hilary’s dichotomous body–soul anthropology. Although past scholars have tried to categorize Hilary as ‘Platonic’ or ‘Stoic’, these categories do not fully summarize fourth-century thought, not least because two-way as well as three-way expressions of the human person are also found in Scripture. The influence of Origen is demonstrated with particular reference to the commentary on Ps. 118.73, informed by parallels in Ambrose and the Palestinian Catena. As a result, it is possible to ascribe differences between Hilary’s commentaries to the fact that one is more reliant on Origen than the other. Nevertheless, Hilary’s position always seems to be that the body and soul should be at harmony until the body takes on the spiritual nature of the soul.

The Temptations of Christ and Other Stories

10.1093/oso/9780198813866.003.0008 ◽

2018 ◽

Author(s):

Eleonore Stump

Keyword(s):

Human Person ◽

Necessary Condition ◽

Biblical Narratives ◽

God's Love ◽

The Way

This chapter examines biblical narratives to illuminate the role of Christ’s passion and death in bringing a person to a life in grace. Reflection on the narratives shows that Christ’s passion and death are a most promising way for God to help a human person to the surrender which is the necessary condition for spiritual and moral regeneration. The stories of the temptations of Christ show the way in which Christ’s suffering and death are connected to justification and sanctification. A person’s ceasing to resist the grace of God and surrendering to God’s love is the pinnacle on which her salvation has to stand. If we focus on this necessary condition for salvation, we can see the reason for Christ’s suffering. What can be gained by weakness that could not be gotten through power is the melting of a heart accustomed to willed loneliness and hardened against joy.

Scientific realism, or the risks of importing research models into psychology

Theory & Psychology ◽

10.1177/09593543211006777 ◽

2021 ◽

Vol 31 (3) ◽

pp. 429-432

Author(s):

David Carré

Keyword(s):

Standard Model ◽

Scientific Realism ◽

Subject Matter ◽

Human Person ◽

Behavioral Research ◽

Research Practice ◽

Philosophical Basis ◽

The Standard Model

In “Scientific Realism and the Issue of Variability in Behavior,” Arocha (2021) develops an acute critique of “the standard model of current research practice in psychology” (p. 376), sharply dissecting five unwarranted assumptions behind it. To address these issues, the author proposes adopting a nonpositivist philosophical basis for behavioral research: scientific realism. Behind this argumentation, however, it is implied that scientific realism is fit for becoming the metatheoretical framework for psychology because it addresses the shortcomings of the current positivist model. In this commentary, I argue that scientific realism is not fit for becoming that philosophical basis, because it is open to reducing the discipline’s subject matter—the human person—to make it fit with models that have been fruitful in other sciences. Three historical examples are presented to show the risks of adopting models from disciplines devoted to explaining other phenomena to tackle the complexity of psychology’s subject matter.