Challenges Ahead

  • Edward J. O’Boyle


There are three types of challenges corresponding to the three components of social economics as articulated by William Waters in his 1987 Presidential Address to the Association for Social Economics and as mentioned previously in Chapter One. The three components are: (1) philosophical foundations or premises, (2) a careful description of the economy as it truly is, and (3), economic policy. Waters views the third component as deriving from the first two in a way that bears a personal imprint [Waters, p. 130].


Distributive Justice Social Economic Economic Reality Human Material Economic Affair 


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  4. Mulcahy, Richard E. The Economics of Heinrich Pesch, New York: Henry Holt and Company, 1952.Google Scholar
  5. Waters, William R. “Social Economics: A Solidarist Perspective,” Review of Social Economy, October 1988.Google Scholar

Copyright information

© Springer Science+Business Media New York 1998

Authors and Affiliations

  • Edward J. O’Boyle
    • 1
  1. 1.Louisiana Tech UniversityUSA

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