This paper explores the evolution of humans as social beings and the implications of this for economic theory and policy. A major flaw in Walrasian economics is the assumption of "self-regarding" agents--economic actors make decisions independently of social context and without regard to the...

Two major problems promise to dominate economic and social policy during the twentyfirst century. These are global climate change and the growing gap between the rich and the poor. Economists are facing these issues at a time when many of the standard tools of economic analysis for example,...

This paper discusses the major tenets of ecological economics--including value pluralism, methodological pluralism and multi-criteria policy assessment. Ecological economics offers viable alternatives to the theoretical foundations and policy recommendations of neoclassical welfare economics. A...