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Metaeconomics

Tempering Excessive Greed

  • Book
  • © 2020

Overview

Authors:
  1. Gary D. Lynne

    1. University of Nebraska–Lincoln, Mesa, USA

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  • Explains the Metaeconomics Framework and Dual Interest Theory, which give an alternative way to address economic questions
  • Brings the moral and ethical dimension back into focus in economics, as Adam Smith intended
  • Provides applications of Metaeconomics that show the need for seeing the link between ego and empathy, and self and other, both within each person and within market and government
  • Connects behavioral economics, neoclassical economics, and neoinstitutional economics

Part of the book series: Palgrave Advances in Behavioral Economics (PABE)

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xxviii
    Download chapter PDF

  2. Introduction

    • Gary D. Lynne
    Pages 1-32

  3. Landscape of the Metaeconomics Framework and Dual Interest Theory

    • Gary D. Lynne
    Pages 33-57

  4. Drifting Isles and Re-integration on the Metaeconomics Continent

    • Gary D. Lynne
    Pages 59-73

  5. Formal Metaeconomics: Recycling Choices

    • Gary D. Lynne
    Pages 75-103

  6. Metaeconomics as Behavioral Economics and the Focus on Happiness

    • Gary D. Lynne
    Pages 105-119

  7. Elections Policy: Voting Is Not Only About Self-Interest

    • Gary D. Lynne
    Pages 121-137

  8. Financial Policy: Tempering Greed

    • Gary D. Lynne
    Pages 139-165

  9. Food Policy: Stability, Sustainability, and Safety

    • Gary D. Lynne
    Pages 167-190

  10. Health Policy: Universal Pre-existing Conditions

    • Gary D. Lynne
    Pages 191-199

  11. Family Policy: Failed Liberalism and Lost Sensibilities

    • Gary D. Lynne
    Pages 201-210

  12. Education Policy: Need for Science and Ethics

    • Gary D. Lynne
    Pages 211-213

  13. Natural Resource Policy: Avoiding the Tragedy of the Commons

    • Gary D. Lynne
    Pages 215-228

  14. Tax Policy: Pay the Price

    • Gary D. Lynne
    Pages 229-234

  15. Income and Wealth Policy: Toward Optimal Inequality

    • Gary D. Lynne
    Pages 235-258

  16. Saving Capitalism: Bring Empathy into Mind and Action

    • Gary D. Lynne
    Pages 259-287

  17. Conclusion

    • Gary D. Lynne
    Pages 289-291

  18. Back Matter

    Pages 293-315
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Keywords

About this book

This book presents the Metaeconomics Framework and Dual Interest Theory, which weave the empathy-based moral and ethical dimension back into key economic questions. Metaeconomics addresses the problem of placing too much emphasis on the market or the government, and thus argues that seeing the link between ego and empathy, self- and other-interest, and market and government will lead to a more just, fair, and sustainable polity. The unique Dual Interest Theory proposes that ego-based self-interest and empathy-based other-interest are joint and internal to each person: it maintains the original proposition from Adam Smith that each person maximizes their own-interest, which Metaeconomics makes clear involves balancing the two joint interests, although self-interest is more primal. The book begins with an explanation of how Metaeconomics connects the other kinds of economics. The book then provides a series of applications of Metaeconomics in heated policy issues, such as elections, finance, family, food, health, natural resources, education, taxes, and extreme inequality, among others. Finally, the book concludes that the only way to save capitalism is to bring empathy into both private and public actions and bring about a more humane balance in market and government.

Authors and Affiliations

  • University of Nebraska–Lincoln, Mesa, USA

    Gary D. Lynne

About the author

Gary D. Lynne is Professor Emeritus at the University of Nebraska-Lincoln, USA. Lynne earned BS and MS degrees from North Dakota State University and a PhD from Oregon State University, all in Agricultural Economics. He specialized in Natural Resource Economics. He worked mainly in research, holding positions at the University of Florida and the University of Nebraska-Lincoln. Lynne has published over 180 journal papers, book chapters, reviews, reports, and articles—all connected into the related science that gave form and substance to the empirical foundation for Metaeconomics. It also led to coining the notion of Empathy Conservation. For further information about the research program and the author, see the website https://www.metaeconomics.info.

Bibliographic Information

  • Book Title: Metaeconomics

  • Book Subtitle: Tempering Excessive Greed

  • Authors: Gary D. Lynne

  • Series Title: Palgrave Advances in Behavioral Economics

  • DOI: https://doi.org/10.1007/978-3-030-50601-8

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020

  • Hardcover ISBN: 978-3-030-50600-1Published: 14 November 2020

  • Softcover ISBN: 978-3-030-50603-2Published: 14 November 2021

  • eBook ISBN: 978-3-030-50601-8Published: 13 November 2020

  • Series ISSN: 2662-3846

  • Series E-ISSN: 2662-3854

  • Edition Number: 1

  • Number of Pages: XXVIII, 315

  • Number of Illustrations: 10 b/w illustrations

  • Topics: Economic Psychology, Microeconomics, Economics, general

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