Humane Economics: Essays in Honor of Don Lavoie (Advanced Studies in Political Economy)

Don Lavoie’s published work encompasses a wide range of subjects, including socialism, hermeneutics, information technology, and culture. The subjects appear unrelated, but a close examination of his research reveals an underlying unity of thought and an economics at sharp variance with the post–Second World War mainstream. The contributors to this collection explore the legacy of his scholarship and its implications for economics.

This book explores three themes that run throughout Don Lavoie’s work. His overarching theme was the importance of social intelligence to economics. Second, and related to the first, was his recognition that certain institutions or practices are better at creating social intelligence than others—what could be called the primacy of liberty. Third was his assertion that economics shares more in common with the humane disciplines than with the physical sciences. As these essays make clear, Don Lavoie’s work sets the stage for a whole new generation of economists to align their work more closely with the humanities.

Students and scholars of economics, methodology, and the humanities more broadly will find this a provocative and enriching collection.

Praise for the Book

“This book highlights Don Lavoie’s multidisciplinary approach to the study of economics. In his view, economics is closer to the humanities than to the hard sciences, notwithstanding the claim often made in the literature that economics is indeed ‘a hard science.’ True to Lavoie’s vision, the book contains theoretical articles and case studies which link economics to several fields of study. It is a delight to see emphasis placed on the ‘hows and whys’ underlying market processes.” —Alan A. Rabin, University of Tennessee, Chattanooga

“The authors do well-merited honor to Don Lavoie with carefully written contributions that not only are excellent for a memorial volume but could constitute a selection of outstanding journal articles. They tie together Lavoie’s many superficially different interests in, among others, comparative economic systems, market processes, computer programming, and epistemology. In particular, they emphasize how markets and prices enhance and coordinate inevitably dispersed knowledge. So doing, they further develop the contributions of Ludwig von Mises and especially of F. A. Hayek to the debate over socialist calculation.” —Leland Yeager, Auburn University and University of Virginia