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Economic Actors and the Ultimate Goal of the Economic System

Laszlo Zsolnai gave a presentation entitled “Economic Actors and the Ultimate Goal of the Economy” in the Economic Objects and the Objects of Economics international workshop at the Las Casas Institute, Blackfriars Hall, University of Oxford on July 7-8, 2017.

Blackfriars Hall, Oxford

Zsolnai argued that mainstream economics employs a rather simplified picture of economic systems. Economic actors may be grouped into three categories, namely individuals/households, firms, and the state. Among these actors only monetized transactions are typically considered. The ultimate goal of the economy is defined as the maximization of individual income or financial wealth.