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Full Description
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.
Contents
1. Introduction.- 2. Landscape of the Metaeconomics Framework and Dual Interest Theory.- 3. Drifting Isles and Re-Integration on the Metaeconomics Continent.- 4. Formal Metaeconomics: Recycling Choices- 5. Metaeconomics as Behavioral Economics and the Focus on Happiness.- 6. Elections Policy: Voting Is Not Only About Self-Interest.- 7. Financial Policy: Tempering Greed.- 8. Food Policy: Stability, Sustainability, and Safety.- 9. Health Policy: Universal Pre-existing Conditions.- 10. Family Policy: Failed Liberalism and Lost Sensibilities.- 11. Education Policy: Need for Science and Ethics.- 12. Natural Resource Policy: Avoiding the Tragedy of the Commons.- 13. Tax Policy: Pay the Price.- 14. Income and Wealth Policy: Toward Optimal Inequality.- 15. Saving Capitalism: Bring Empathy into Mind and Action.- 16. Conclusion.
