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Reforming Economics: What`S At Stake For Homo Oeconomicus?

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TL;DRAbstract

The recent economic and financial crisis consisted of a series of failures and it has led to the re-assessment of priorities and values not only in terms of the state or corporate governance, but also for homo oeconomicus. It expresses the failure of a paradigm that has had considerable influence on the area of ideas. A battle is taking place between ideas leading to failed policies and which have accelerated the crisis. Faulty perspectives have led both to an economic and to a moral crisis, and the main economic and political decision makers only noticed the issues with much effort.

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The recent economic and financial crisis consisted of a series of failures and it has led to the re-assessment of priorities and values not only in terms of the state or corporate governance, but also for homo oeconomicus. It expresses the failure of a paradigm that has had considerable influence on the area of ideas. A battle is taking place between ideas leading to failed policies and which have accelerated the crisis. Faulty perspectives have led both to an economic and to a moral crisis, and the main economic and political decision makers only noticed the issues with much effort.

Keywords

Homo economicusCorporate governanceBattlePoliticsState (computer science)EconomicsFinancial crisisPositive economics

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