A theory of planning horizons (2): the foundation for an ethical economics

The concept of planning horizons serves as a measure of many unsettled aspects of economic analysis. First and foremost, the notion is ordinal: we speak of ‘horizon effects’ as directional shifts in planning horizons without tallying ‘wits’ or calibrating horizonal axes of change. Second, the deriva...

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Autor principal:	Frederic B. Jennings Jr.
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2012
Materias:	Planning horizon Ethics Conscience Complementarity Myopia Horizon effects Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/d84b653cea2344c2b6d83fd165a5a871
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spelling	oai:doaj.org-article:d84b653cea2344c2b6d83fd165a5a8712021-12-02T05:02:34ZA theory of planning horizons (2): the foundation for an ethical economics1843-22981844-8208https://doaj.org/article/d84b653cea2344c2b6d83fd165a5a8712012-11-01T00:00:00Zhttp://www.jpe.ro/poze/articole/82.pdfhttps://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208The concept of planning horizons serves as a measure of many unsettled aspects of economic analysis. First and foremost, the notion is ordinal: we speak of ‘horizon effects’ as directional shifts in planning horizons without tallying ‘wits’ or calibrating horizonal axes of change. Second, the derivation of horizon effects is inductive; we simply assert their inherence in the range of factors subsumed within the imagined projections behind all choice. The planning horizon is set wherever surprise supplants expectation; the horizon occurs at the outer range of accurate anticipation, to which we lack clear epistemological access. Planning horizons – horizon effects – suggest a new foundation for an ethical economics of conscience, social maturation and growth. The idea of planning horizons invites a distinction of foresight from myopia in economic constructions. But time horizons are only one aspect of our planning horizons: to see ahead in time we must embrace all relevant causal effects. Foresight depends on knowledge of how reality actually works, which is a matter more of degree than ‘truth’; the planning horizon offers an index of our ‘rational bounds.’ Our range of anticipation is also related to our internalization of social and ecological externalities in our decisions, so to the scope of our ethical conscience and to our sense of human community. Indeed, the organizational health and integrity of our society is horizonal in this sense. The aim of this paper is to explore and develop the concept of planning horizons in its intellectual origins and economic concerns. Its philosophic conceptual roots, methodological underpinnings, psychological insights and economic implications are outlined to show why an economics of planning horizons offers an ethical economics of interdependent dynamic complex systems. With standard doctrines seen as a special case in a larger horizonal frame, social theory embraces an ethical economics with dissimilar institutional implications favoring cooperation.Frederic B. Jennings Jr.Editura ASE BucurestiarticlePlanning horizonEthicsConscienceComplementarityMyopiaHorizon effectsEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol VI, Iss 1 (2012)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	Planning horizon Ethics Conscience Complementarity Myopia Horizon effects Economics as a science HB71-74
spellingShingle	Planning horizon Ethics Conscience Complementarity Myopia Horizon effects Economics as a science HB71-74 Frederic B. Jennings Jr. A theory of planning horizons (2): the foundation for an ethical economics
description	The concept of planning horizons serves as a measure of many unsettled aspects of economic analysis. First and foremost, the notion is ordinal: we speak of ‘horizon effects’ as directional shifts in planning horizons without tallying ‘wits’ or calibrating horizonal axes of change. Second, the derivation of horizon effects is inductive; we simply assert their inherence in the range of factors subsumed within the imagined projections behind all choice. The planning horizon is set wherever surprise supplants expectation; the horizon occurs at the outer range of accurate anticipation, to which we lack clear epistemological access. Planning horizons – horizon effects – suggest a new foundation for an ethical economics of conscience, social maturation and growth. The idea of planning horizons invites a distinction of foresight from myopia in economic constructions. But time horizons are only one aspect of our planning horizons: to see ahead in time we must embrace all relevant causal effects. Foresight depends on knowledge of how reality actually works, which is a matter more of degree than ‘truth’; the planning horizon offers an index of our ‘rational bounds.’ Our range of anticipation is also related to our internalization of social and ecological externalities in our decisions, so to the scope of our ethical conscience and to our sense of human community. Indeed, the organizational health and integrity of our society is horizonal in this sense. The aim of this paper is to explore and develop the concept of planning horizons in its intellectual origins and economic concerns. Its philosophic conceptual roots, methodological underpinnings, psychological insights and economic implications are outlined to show why an economics of planning horizons offers an ethical economics of interdependent dynamic complex systems. With standard doctrines seen as a special case in a larger horizonal frame, social theory embraces an ethical economics with dissimilar institutional implications favoring cooperation.
format	article
author	Frederic B. Jennings Jr.
author_facet	Frederic B. Jennings Jr.
author_sort	Frederic B. Jennings Jr.
title	A theory of planning horizons (2): the foundation for an ethical economics
title_short	A theory of planning horizons (2): the foundation for an ethical economics
title_full	A theory of planning horizons (2): the foundation for an ethical economics
title_fullStr	A theory of planning horizons (2): the foundation for an ethical economics
title_full_unstemmed	A theory of planning horizons (2): the foundation for an ethical economics
title_sort	theory of planning horizons (2): the foundation for an ethical economics
publisher	Editura ASE Bucuresti
publishDate	2012
url	https://doaj.org/article/d84b653cea2344c2b6d83fd165a5a871
work_keys_str_mv	AT fredericbjenningsjr atheoryofplanninghorizons2thefoundationforanethicaleconomics AT fredericbjenningsjr theoryofplanninghorizons2thefoundationforanethicaleconomics
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A theory of planning horizons (2): the foundation for an ethical economics

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