Bettering Humanomics

Deirdre Nansen McCloskey latest meticulous work examines how economics can become a more human science Can we have economic thought that focuses on people and tries to understand rather than merely observe? Rejecting contemporary trends, McCloskey paves the way to an economics dedicated to the betterment of human lives. * The Bookseller * There is no doubting the extraordinary breadth and depth of [McCloskey's] knowledge... A critique by someone who knows what she's talking about. * The Enlightened Economist * This book presents a series of arguments for improving academic enquiry through the lens of 'humanomics.' For economists, or other academics, who haven't come across humanomics before, it is in essence a combination of the rigorous tools of economics with more human elements such as the critical perspectives that are often found in the humanities. Pioneers of this approach include 'the father of economics,' Adam Smith, Nobel prizewinner Vernon Smith and experimental economist Bart Wilson. . . McCloskey presents compelling arguments that economic agents are not merely attempting to maximise their utility, but are influenced by other factors such as the power of words. * Times Higher Education * Best Summer Books of 2021 What economics needs to fulfil its unparalleled potential as the premier science of human progress, [McCloskey] insists, is the rediscovery of its origins as the discipline that successfully marries the methods of the sciences and the humanities. In Bettering Humanomics, a sparkling cameo of a book, she offers a summary of this, her life-long project. The result is a richly allusive account of what such a combination - 'humanomics', as she calls it - looks like, and why it offers a better guide to understanding where prosperity ultimately comes from and what policymakers can do to help it on its way. * Financial Times * This new book quite seriously advances the continuing conversation in humanomics. It discovers Adam Smith and resumes a path that McCloskey has so magnificently helped to reinvigorate in the last half century. -- Vernon Smith, Chapman University and 2002 Nobel Laureate in Economics How is economic science going to progress? By embracing ethics, the humanities, and language as part of the tool kit alongside mathematics-and recognizing that economists should never try to be social engineers because they are part of the societies they study. McCloskey makes a compelling case for economics for humans-and offers some hope that the discipline is tilting in that direction. -- Diane Coyle, University of Cambridge Provocative, bold, ironic, erudite, and above all, well-written. * Metascience *