Economics with a Human Face, or Humanomics

Abstract

McCloskey’s paper aims at critically revealing the genesis of an economic order associated with the capitalism and the market. The key idea is that the developed countries and the contemporary worl in whole became rich due to the spreading of bourgeois virtues- enterprise and the ability to create markettested innovations, than due to the accumulation of capital, exploitation or development of the system of private property rights. The author suggests to call humanomics the interdisciplinary field of the economic knowledge that includes issues of virtues, ethics and dignity of bourgeois that are neglected in the framework of standard approaches but without which it is quite difficult to understand the wealth of the modern world.

Keywords:

market, economic history, bourgeois, virtues, innovations