Economics and the Social Imaginary
Economics and the Social Imaginary

Summary/Abstract: Old theories and economic ideas do not fit the new reality. They cannot be the basis of proper economic policies. The economic model in which efficiency predominates over productivity to the extent that the latter is weakened or even neglected becomes useless in modern world. Economics should return to its tradition of being deeply rooted in moral philosophy. Economics cannot be focused on efficiency and output growth only; it must consider first of all quality of life and sustainable development. The cognitive framework of modern economics and the concepts related to it should contribute to the subjectification of individuals and societies rather than to their objectification. Economics should become a value economics. Then it will serve to generate economic value and to maintain human economic activity.

• Details
• Contents