The Economic Person

Acting and Analyzing
This book emphasizes that analysis of broad economic changes treats people abstractly, while a personalist view sees them as human agents who, while needing and generating economic goods, must still be responsive to others and be aware of values and goals beyond temporal well-being.
Early scholars, perceiving economics as the praxis of persons, emphasized their obligation to share economic goods; to use them prudently and lawfully and to trade or lend them justly. As notional economics grew and became more complex, scholars like Adam Smith perceived economics as a science of human conduct and relations with its own principles of operation. It reflected the secular, amoral, and empirical Zeitgeist of the 19th century, demoting homo economicus into a mere economic agent without moral principles. This book focuses on the human person as a whole self-conscious spirit and a whole material body rather than an economic agent. From this point of view, economic values come under scrutiny. Common practice and ideals are reinterpreted when self-interest melds with 'other-interest' to generate economic well-being.

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