Towards Dual Interest Theory in Metaeconomics (Record no. 133406)

MARC details
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fixed length control field 01892nas a2200205Ia 4500
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022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0260-1079
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Czap, Natalia V
9 (RLIN) 119270
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Lynne, Gary D
9 (RLIN) 119271
245 #0 - TITLE STATEMENT
Title Towards Dual Interest Theory in Metaeconomics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Interdisciplinary Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 7-25
520 ## - SUMMARY, ETC.
Abstract The purpose of this article is to expand the economic discourse beyond single interest as the dominant analytical foundation of microeconomics towards dual interest and metaeconomics. Metaeconomics is based on the reality of joint and non-separable self and other-interest arising because of non-allocable goods and non-allocable inputs. Non-allocable goods are explained by the internal tendencies in the mind to a more primal ego-based self-interest tempered by an empathy-based other (shared with the other, while internalised within the own-self-interest). Non-allocable inputs giving joint products and dual interest in the outcomes are explained by thermodynamics: production is internal to and non-separable from the natural system on the Spaceship Earth. Dual Interest Theory (DIT) assumes that self-interest is accompanied by empathy-based other-interest and that individuals tend to balance both interests in their decisions and behaviour. Several empirical tests of DIT demonstrated its advantages in explaining the observed behavioural outcomes as compared to the consideration of self-interest alone. DIT is also more powerful in explaining many other social phenomena than if one relies on the single/self-interest assumption of microeconomics alone.JEL Codes: A20, D11, D21, D62, D64, H41
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Metaeconomics
9 (RLIN) 119272
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Microeconomics
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Topical term or geographic name entry element Thermodynamics
9 (RLIN) 119273
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Topical term or geographic name entry element Economics
9 (RLIN) 2
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1177/02601079231172366">https://doi.org/10.1177/02601079231172366</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133406
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        Dr VKRV Rao Library Dr VKRV Rao Library 28/06/2024 Vol. 36, No. 1   AI105 28/06/2024 28/06/2024 Article Index