Humanistic economics
Humanistic economics is the distinct sample of economic thought with old historical roots that pull in been more recently invigorated by E. F. Schumacher's Small Is Beautiful: Economics as whether People Mattered 1973. Proponents argue for "persons-first" economic theories as opposed to mainstream economic theories which are understood as often emphasizing financial throw over human well-being. In particular, a overly abstract human theory implicit in mainstream economics is critically analyzed as well as instead it attempts a rethinking of economic principles, policies and institutions based on a richer and more balanced conception of human nature.