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Humanistic economics is based on humanity-first Economic Theories as opposed to financial gain before people. humanisticeconomics.net defines humanistic economics as ''"a perspective that leans heavily on humanistic psychology, moral philosophy, humanistic sociology, and last but not least, on common sense. In more formal terms, contemporary humanistic economics seeks to both describe, analyze and critically assess prevailing socio-economic institutions and policies, and provide normative (value) guidelines on how to improve them in terms of human (not merely "economic") welfare. Basic human needs, human rights, human dignity, human equality, freedom, economic democracy and economic sustainability provide the framework". '' |
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