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Publish Print Donate   New Economic Thinking - Turning Away from
the Market Fetish by Ronald Schettkat Monday Jul 16th, 2012 6:19
AM "New economic thinking" rejects the view of the person as
"homo oeconomicus" reduced to maximization of individual
benefits and offers a more comprehensive and realistic concept
in which justice, norms, routines and emotions flow into
decision-making. Theory must adjust to reality, not vice versa.
"Homo recipocans" better reflects our inter-dependent nature.
By Ronald Schettkat [1]  [This article published in: WISO
direct, June 2012, is translated from the German on the
Internet, http://library.fes.de/pdf-files/wiso/09179.pdf. Ronald
Schettkat is a professor of economics at the Schumpeter School
of Economics, University of Wuppertal, Germany.]   With the
financial- and economic crisis, the promises of a stable market-
guided economic development of political neoliberalism and its
theoretical-economic basis, neoclas