1st Edition

Economics for Humanity Integrating Well-being, Community, and Practical Philosophy

By Mitsuaki Okabe Copyright 2025
230 Pages 26 B/W Illustrations
by Routledge

230 Pages 26 B/W Illustrations
by Routledge

230 Pages 26 B/W Illustrations
by Routledge

Economics is often referred to as “the queen of social sciences.” This is because mainstream economics has been established as an elegant academic discipline by assuming mankind simply to be homo economicus— an image of human beings showing interest in only material fulfilment and acting solely in his interest. This book challenges this basic perception of human beings. By replacing it with a... Read more

Introduction and Overview

 

I. Groundwork for Bettering Economics

 

1. Need for Economics to Fully Integrate Human Nature

2. Inheriting from Adam Smith: Ethics and Other Human Nature

3. Considering Humanity (1): Altruism

4. Considering Humanity (2): Social Networks

II. Overview of Economics of Humanity

 

5. Towards Economics for Humanity

6. Three-Sector Model of the Economy

7. Theoretical Bases of the Three-sector Model

 

III. Enriching Human Society: A Practical Philosophy

 

8. A Practical Philosophy for Well-being and Better Society ( I )

9. A Practical Philosophy for Well-being and Better Society ( II )

Biography

Mitsuaki Okabe is Professor Emeritus of Keio University, Japan.

“Pioneering work that usefully broadens our common understanding of Economics itself.” 

Kent Calder, Director, Reischauer Center for East Asian Studies, Johns Hopkins University SAIS, USA

 

“Mainstream economics assumes, most of the time, man as homo economicus, which is very convenient to build up an elegant scientific discipline. Accordingly, economics is often praised as "queen of social sciences". But, if economics integrate more diverse human motives, we can expand the scope and the depth of mainstream economics toward more fruitful humane economics. This book rigorously and convincingly agues, probably for the first time in the literature, that this is the direction of economics to expand.”

Nobuhiro Suzuki, Professor, University of Tokyo, Japan