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Humanities, Digitizing, and Economics

Humanities, Digitizing, and Economics
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Author(s): Torben Larsen (University of Southern Denmark, Denmark)
Copyright: 2023
Pages: 18
Source title: Encyclopedia of Data Science and Machine Learning
Source Author(s)/Editor(s): John Wang (Montclair State University, USA)
DOI: 10.4018/978-1-7998-9220-5.ch047

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Abstract

Digitization is a milestone calling for a link back to the origin of social science in Antique Greece. The link is Neuroeconomics, an interdisciplinary field between neurology, psychology, and economics based on modern high-resolution brain scanners. The humanities expresses the human aspiration for positive relations among humans in contrast to the negative aspect of individual fighting for survival in the Elder Stone Age. The breakthrough of positive human relations is enabled by economic growth that provides the average consumer in the industrialized world with an existential freedom over at least 50% of their income. This happy situation is threatened by both an ecological catastrophe by the green-house effect and alienation of traditional human relations. Neuroeconomics explains how the rise of the creative class can overcome alienation by an inclusive democratic culture with sustainable solutions across the center. An independent production factor in this complex development is economics structured for dissemination of human capital.

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