Looking beyond the Individualism & Homo Economicus of Neoclassical Economics

Abstract

In the last few years a growing discontent with the neoclassical theoretical framework has led to the development of alternative approaches, which can grasp the complexity of the economic and social reality. 
 Personalistic economics represents one of these attempts, as evidenced by the title of the book: Looking beyond the Individualism & Homo Economicus of Neoclassical Economics. As the editor of the book, Edward J. O’Boyle, writes, the Personalistic economics is a ‘work in progress, which calls for re-thinking economic affairs from the very beginning’. Thus, this publication can be recommended to all scholars and graduates, who sense the inadequacy of the scientific approach ‘mainstream’, in regard to the socioeconomic issues of the development.
 The book introduces us to the Personalistic economics through the work of one of its founders, Peter Danner, who spent most of his career at Marquette University (Wisconsin, U.S.A.), by the Faculty of Economics, and was a respected member of the Association for Social Economics as well.