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Articulates Adam Smith's model of human sociality, illustrated in experimental economic games that relate easily to business and everyday life.
List of contents
1. Humanomics spans the two worlds of Adam Smith: sociality and economy; 2. Words and meaning in Adam Smith's world; 3. Conduct in the social universe; 4. Frank Knight preemptively settles the horse race; 5. Axioms and principles for understanding human conduct; 6. Propositions predicting context-specific action; 7. Propriety and sympathy in a rule-governed order; 8. Trust game discoveries; 9. The ultimatum game as involuntary extortion; 10. Designing, predicting, and evaluating new trust games; 11. Reconsidering the formal structure of traditional game theory; 12. Narratives in and about experimental economics; 13. Adam Smith's program for the study of human socio-economic betterment: from beneficence and justice to the Wealth of Nations.
About the author
Vernon L. Smith is the George L. Argyros Endowed Chair in Economics and Finance at Chapman University, California. He was awarded the Noble Prize in Economic sciences in 2002 for, 'having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms'. He is a founding member of Chapman University's Economic Science Institute and Smith Institute for Political Economy and Philosophy, and is a Distinguished Fellow of the American Economic Association.Bart J. Wilson is the Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University, California. He is a founding member of the Economic Science Institute and founding member and Director of the Smith Institute for Political Economy and Philosophy. He has been co-teaching humanomics courses for nearly a decade with professors in the Departments of English and Philosophy.
Summary
Articulates Adam Smith's model of human sociality, illustrated in experimental economic games that relate easily to business and everyday life. Shows how to re-humanize the study of economics in the twenty-first century by integrating Adam Smith's two great books into contemporary empirical analysis.
Additional text
Advance praise: 'This marvelous book shows how engaging Adam Smith can help us to 'humanize' social science for the twenty-first century. Economists in particular will find much food for thought in its novel approach to using models derived from Smith's ethics to rethink many familiar and less-familiar experimental results. But it's not only economists who will profit from it; indeed anyone interested in what it means to be a human being living in two realms at once - the economic and the personal, the self-regarding and the other-regarding - will benefit from the authors' masterful illumination of how our human world is in fact 'moral all the way down'.' Ryan Patrick Hanley, Marquette University, Wisconsin and author of Love's Enlightenment: Rethinking Charity in Modernity
