Economic Agents and Economic Motives
From Amartya Sen to Social Enterprises
Format:Hardback
Publisher:Taylor & Francis Ltd
Published:1st Oct '26
Should be back in stock very soon

Economics has long been shaped by the figure of the self-interested individual. Yet many forms of economic action cannot be adequately understood through the lens of self-interest alone.
This book reconstructs Amartya Sen’s understanding of economic agents and economic motives, showing how concepts such as commitment, self-sacrifice, agency, responsibility, and capabilities contribute to an alternative view of economic behavior grounded in social relationships. Drawing on the history of economic thought, economic methodology, and social economics, the book situates Sen’s reflections within a broader intellectual tradition that includes Aristotle, Adam Smith, and the civil economy tradition. It argues that Sen developed an implicit but coherent conception of economic agents as socially embedded individuals whose decisions are shaped not only by personal advantage but also by ethical commitments, concern for others, and participation in collective life. The book further explores the strengths and limitations of this perspective through a dialogue with contemporary interpretations of Sen’s work and examines its relevance for understanding hybrid organizations, particularly social enterprises. By connecting Sen’s ideas to questions of reciprocity, cooperation, and social responsibility, it offers a novel framework for analysing economic action beyond the conventional model of homo oeconomicus.
This book will be of interest to scholars and students of social economics, the history of economic thought, economic methodology, political economy, and capability studies. By bringing together historical reconstruction, methodological inquiry, and contemporary socioeconomic challenges, it also offers valuable insights for researchers working in applied and qualitative economics, social enterprise studies, and related fields concerned with the social and relational foundations of economic action.
"This book is essential reading for capability scholars. With remarkable depth and clarity, it traces the roots and implications of Amartya Sen's motivational pluralism, drawing us into a rich and wide-ranging conversation that spans from classical thinkers, such as Aristotle and Adam Smith, to contemporary voices such as Harsanyi, Ricoeur and Davis. At its heart, this is a compelling intellectual journey: from the narrow confines of self-interested and self-regarding behaviour that dominate mainstream economics, towards the broader horizons opened up by commitment, self-sacrifice, social embeddedness and mutuality, not coincidentally, the very foundations of the civil economy tradition. Yet this is far more than a work in the history of ideas. It speaks directly to one of the most unsettling issues of our time: the motives that drive our decisions, illuminating the rise of social enterprises and the search for alternative economic paradigms, including the bold vision put forward by the Economy of Francesco. Beautifully argued and intellectually generous, this book is an achievement to be celebrated: it enriches both scholarship and our collective imagination of what economics could and should be."
Flavio Comim, Dean IQS School of Management and Full Professor at Universitat Ramon Llull-Barcelona, Elected Member of the "Human Development and Capability Association" and Research Associate at the "Von Hügel Institute" at Saint Edmund's College-Cambridge.
"The widely recognized exhaustion of the neoclassical research program has created greater openness to alternative research agendas and renewed interest in the work of influential economists such as Amartya Sen, whose contributions have been substantially marginalized because they do not fit neatly within the neoclassical framework. Valentina Erasmo’s book offers an ambitious and original contribution to the development of these emerging research programs. Adopting an interdisciplinary perspective, it demonstrates how civil and social issues can be effectively examined through the theoretical lens of Sen’s economic agents and economic motives. A book which deserves to be widely discussed."
Roberto Marchionatti, Professor Emeritus at the University of Turin and Member of the Scientific Committee of the "Fondazione Luigi Einaudi", Historian of Economic Thought and Economic Methodologist
"A veritable tour de force that sets out Amartya Sen's understanding of individual behavior (based on social commitments and self-sacrifice), contrasts it with homo economicus, and derives its policy implications."
Steven Pressman, Professor Emeritus at Monmouth University and Part-time Professor at the New School for Social Research-New York, Former President of the "Association for Social Economics"
ISBN: 9781032463148
Dimensions: unknown
Weight: 400g
118 pages