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Perspectives from Social Economics

Approximating Prudence

Aristotelian Practical Wisdom and Economic Models of Choice

Authors: Yuengert, A.

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About this book

In a unique undertaking, Andrew Yuengert explores and describes the limits to the economic model of the human being, providing an alternative account of human choice, to which economic models can be compared.

About the authors

ANDREW YUENGERT is a Professor of Economics at Seaver College, Pepperdine University, USA. Professor Yuengert has made research contributions in several fields: economic philosophy, Catholic social teaching, the empirical study of religion, labour economics, and finance. He was recently editor of the journal Faith & Economics. He is the author of two previous books: The Boundaries of Technique: Ordering Positive and Normative Concerns in Economic Research (2004), and Inhabiting the Land: A Case for the Right to Migrate (2004). His most recent essay is 'Roman Catholic Economics,' in The Oxford Handbook of Christianity and Economics (2012). He and his wife Elizabeth have three children, and live in Southern California.

Reviews

"Yuengert's wide ranging and excellent book, Approximating Prudence, will stimulate further thinking among economists working to formalise Aristotelian approaches. It is a helpful book for philosophers and theologians looking to understand the approach of economists. Working economists will become wiser economists from Yuengert's careful drawing of the limits of economic analysis." - Paul Oslington, professor of Economics, Australian Catholic University

"Yuengert provides a much-needed assessment of both the proper role and the limits of economic analysis in explaining social phenomena. This book is a welcome addition to the literature on the interface of economics and other disciplines." - Albino Barrera, professor of Economics and Theology, Providence College

"Andrew Yuengert explains to economists why their models will never be able to capture the complexity of human decision making and to humanists how recent developments in economics have moved those models significantly closer to that unattainable goal. Deeply appreciative of both worlds, he speaks persuasively to each group in its own language. A brilliant contribution toward bridging a very old chasm of misunderstanding." - Daniel Finn, William E. and Virginia Clemens Professor of Economics & the Liberal Arts, College of Saint Benedict, Saint John's University

"In his exciting new volume, Approximating Prudence: Aristotelian Practical Wisdom and Economics Models of Choice, Andrew Yuengert manages the rare feat of taking both economics and Aristotelian philosophy seriously. By embedding economic models of choice in the broader Aristotelian account of practical reason, Yuengert offers an illuminating account of what choice theory can and cannot do. Yuengert's tour de force is an exemplar of the creative and careful scholarship that truly valuable interdisciplinary research requires, and should be of particular value to economists seeking to understand how their discipline intersects with larger philosophical concerns." - Mary Hirschfeld, assistant Professor of Economics and Theology, Villanova University


Table of contents (9 chapters)

  • Practical Wisdom and Economic Models of Choice

    Yuengert, Andrew M.

    Pages 1-10

  • Is There Anything Economics Cannot Do? The Need for a Background Account

    Yuengert, Andrew M.

    Pages 11-32

  • Practical Wisdom, or Thinking about What to Do

    Yuengert, Andrew M.

    Pages 33-46

  • Objective Functions and the Goals of Human Action

    Yuengert, Andrew M.

    Pages 47-68

  • Risk, Uncertainty, and Contingency

    Yuengert, Andrew M.

    Pages 69-94

Buy this book

eBook $79.99
price for USA (gross)
  • ISBN 978-1-137-06317-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $110.00
price for USA
  • ISBN 978-0-230-12091-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $105.00
price for USA
  • ISBN 978-1-349-29906-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Approximating Prudence
Book Subtitle
Aristotelian Practical Wisdom and Economic Models of Choice
Authors
Series Title
Perspectives from Social Economics
Copyright
2012
Publisher
Palgrave Macmillan US
Copyright Holder
Palgrave Macmillan, a division of Nature America Inc.
eBook ISBN
978-1-137-06317-5
DOI
10.1057/9781137063175
Hardcover ISBN
978-0-230-12091-4
Softcover ISBN
978-1-349-29906-5
Edition Number
1
Number of Pages
XVI, 245
Topics