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Date: | Fri Mar 31 17:18:53 2006 |
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Members:
So the question from Mary is, how does one distinguish one
economics from another (neoclassical_typed_one from
neoclassical_type_two)?
An economics has a unique notion of value and a unique mode of
procedure. Perhaps there could be two economics, each with the same
notion of value and different modes of procedure. For example,
neoclassical economics assumes selfish, individual satisfaction to be
the maximand. John Rae assumed benevolence, rather than selfishness
to be the operative motivation, and the satisfaction of both self and
group to the the maximand. Some economicses focus on maximizing
within given constraints. Others focus on maximizing by overcoming
constraints.
As for Bernard Shaw: Economics is a discipline studying how
people and societies may or may not (do or do not) get the most out of
life, from a materialistic point of view. Pursuit of Buddhist
enlightenment is the art of getting the most out of life, and that has
nothing to do with the discipline of Economics.
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