Hungary Archives - Ethics & Public Policy Center
Neo-Scholastic Economics, Economic Policy and Catholic Social Doctrine
The original Scholastic Economics differed from Adam Smith’s later Classical economic theory and today’s Neo-Classical Economics. An updated version, “Neo-Scholastic Economics,” is reshaping our understanding of secular economic theory and offering new policy solutions, and provides the analytical “toolkit” necessary to explain the much younger body of Catholic social doctrine.
The ‘Economic Approach to Human Behavior’ vs. the ‘Human Approach to Economic Behavior’
What, according to Mueller, is wrong with economics? In the simplest terms familiar to economists, there is an ‘equation’ missing from the model—the one explaining the primary economic choice – the choices of persons.