The concept of humanistic economics has been defined as a perspective that leans heavily on psychology, philosophy, sociology and common sense. In more formal terms, contemporary humanistic economics seeks to both describe, analyze and critically assess prevailing socio-economic institutions and policies, and provide guidelines on how to improve them in terms of human, not merely economic, welfare. Basic human needs, human rights, human dignity, human equality, freedom, economic democracy and economic sustainability provide the framework.
The Covington Time Bank seeks to provide a platform for discussion of our changing economic framework, with a shift from economic directives to humanistic principles. For more information, please visit the website and facebook page:
