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PROGRAMMA
Prof. Edward J. O'Boyle - Mayo Research Institute, Louisiana
THEMES IN PERSONALIST ECONOMICS
- Human beings are sacred with rights originating in their very nature
- Human beings are both want-satisfying and need-fulfilling
- Meeting the needs and wants of the human body and spirit is the ultimate purpose of an economic system
- The active person replaces the individual (homo economicus) in economic theory and analysis and forms the basic unit of economic decision-making and economic analysis
- Economics is a value-laden discipline that struggles to sort out the uncertainty and conflicts in economic affairs
- Decision-making centers around the acting person functioning in markets and institutions
- Justice, moderation, prudence and fortitude, along with Christian charity, are necessary to check abuses that derive from excessive gain-seeking behavior
- Three principles organize economic affairs: competition, cooperation and intervention
- Three social values underlie the three organizing principles
- Dynamic disequilibrium rather than static equilibrium is the order of the day
- Some limits inhere in economic affairs and others must be imposed because humans are materialized spirits
- No less than his Welth of Nations, Adam Smith's Moral Sentiments should inform our re-thinking of economic affairs
- The evolutionary model is superior to the cyclic model
Dr. Albert Schram - Maastricht University
THEMES IN ENVIRONMENTAL ECONOMICS SUSTAINABLE DEVELOPMENT
- Externality theory, cost-benefit analysis and nonmarket valuation
- Corporate environmental management
- The economics of natural resource management
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