Pursuing self-interest or self-actualization? From capitalism to a steady-state, wisdom economy
The co-evolution of capitalism, democracy and science since 1800 has led to enormous progress but also major existential problems. This article asserts that these problems are rooted in neo-classical economics' narrow focus within human nature on self-interest, which causes intense conflicts for scarce resources among people, societies, species and generations. It describes how an emphasis on the totality of human nature in life, with a focus on self-actualization instead of self-interest as the main driving force and wisdom rather than wealth as the ultimate aim, can lead to a steady-state, wisdom economy that can simultaneously ensure high personal welfare and collective sustainability.
Year of publication: |
2011
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Authors: | Murtaza, Niaz |
Published in: |
Ecological Economics. - Elsevier, ISSN 0921-8009. - Vol. 70.2011, 4, p. 577-584
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Publisher: |
Elsevier |
Keywords: | Self-actualization Economic systems Self-interest Wisdom economy |
Saved in:
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