Abstract

One cannot really speak of a school of personalistic economists. Moreover, there is a wide gulf between the economic philosophy of the personalists and the mathematical context of economic science. Since the thirties, philosophers such as Alexandre Marc, Jacques Maritain, Emmanuel Mounier and many others have been searching, on the basis of a personalistic view of man, for a `third way' between individualistic capitalism and statist socialism , but there was seldom interest from the side of the scientific economists.Fortunately, there are some notable exceptions. François Perroux, Kenneth Boulding, Ernst Schumacher, Serge Christophe Kolm, and Amartya Sen are economists who, in various ways, have attempted to bridge the gulf between the personalistic view of man and economic rationality. By carrying out an immanent critique of some of the standard economic assumptions, they opened a path for a normative economics that was clearly distinct from a purely positive economics as well as from Pareto's welfare economics. One can affix various labels to these attempts: humanistic economics , socio-economics , moral economics . In what follows, I shall interpret these attempts as initiatives in the direction of a personalistic economics. I would also situate the current research in `economics and ethics', which is becoming part of the mainstream of economic thought, and which has received official recognition with the recent Nobel prize award to Sen, within this tendency towards a more personalistic economics.Attention to moral feelings, human rights, altruistic motives, justice and solidarity, non-profit organizations, etc., contribute to situating the economic problem in a field where economics, politics and ethics no longer function as three distinct domains but where their interaction is central.Yet does this interactive economics fit into a personalistic way of thinking? Is a generalized system theory not more attractive? System theory has a different focus than personalistic economics. System theory considers the axioms of system equilibrium and sustainable growth as the ultimate horizon, whereas a personalist sees them as merely important conditions for a good society and economy. However refined it may be, system theory views the person from an external point of view, while the personalist refers to the internal experience of human freedom and meaning as something that transcends and regulates the system's functionality.One could object that neo-classical economists do not use system theory as their point of departure. In their eyes, system equilibrium is the result of the utility-maximizing behaviour of individuals. These individuals subjectively determine what their preferences are and then act accordingly. Is this openness for a free, utility-maximizing actor — where there is room for both material and immaterial, egoistic and altruistic preferences — not sufficient to speak of a personalistic economics ? If this were true, then the discourse of personalism would be more or less superfluous.I take the term `personalistic economics' to refer to a normative economics that does not simply reconstruct the problem of efficient allocation as an individual or social problem of utility, but in the first instance as a problem of human dignity and social justice. To reduce the problem of human choice to a problem of subjective utility is in itself a far-reaching normative standpoint. As soon as one realizes this, there is no reason to exclude other normative assumptions, such as personalistic ones