The gap between the economic theory of action and the practical reality of choice (analyzed in the Aristotelian practical wisdom tradition) cannot be bridged through the development of more complex models. This poses a challenge for the use of economic models for policy analysis: they cannot...

Economists overlook an ally in the Aristotelian tradition, since both economics and Aristotle begin their analysis with human choice. Economics can learn much about its limits from the Aristotelian tradition, which describes aspects of choice behavior which cannot be precisely modeled. This...

In Catholic theology, sin is a rebellion against God and against our created nature. It is an alienation of the person from his own nature whose symptoms are rebellious passions and weakened reason. This alienation is not addressed by most economic analyses of choice, even analyses that address...

This paper attempts to explain high rates of immigrant self-employment, relative to native workers. Three hypotheses are tested. Estimates of a two-sector model of earnings support the home-country self-employment hypothesis: immigrants from countries with larger self-employed sectors have...

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.