Diversity and Pluralism: An Economist's View

17 Pages Posted: 10 May 2006

See all articles by Nicola Genovese

Nicola Genovese

University of Messina - Department of Economics

Maria Grazia La Spada

University of Messina

Date Written: April 2006

Abstract

The problems about diversity concern various themes. We will show that the economic theory can contribute by itself to the debate in progress. It could seem paradoxical, but what is called the "dismal science" can serve to attenuate some pessimistic attitudes, putting in prominence a perspective for humanity which is desired. To introduce such contribution, we have examined some essential characteristics of neoclassic theory, regarding the typical features of the individual which it assumes and the principle of "rationality". Our analysis emphasizes the importance of the economy of market which prevails on other economic systems and makes possible the realization of a "culturally sustainable development". It also examines the economic benefits of diversity both on the function production and the possibility to have a dynamic demand of goods. The difference between integration and homogenization will be treated and also the importance of international commerce and direct investments.

Keywords: Neoclassical Theory and Diversity, Productive Benefits of Ethnic Diversity, Cultural Pluralism

JEL Classification: D2, O3, O31

Suggested Citation

Genovese, Nicola and La Spada, Maria Grazia, Diversity and Pluralism: An Economist's View (April 2006). FEEM Working Paper No. 62.2006. Available at SSRN: https://ssrn.com/abstract=897867 or http://dx.doi.org/10.2139/ssrn.897867

Nicola Genovese (Contact Author)

University of Messina - Department of Economics ( email )

Via T. Cannizzaro 278
Messina, 98122
Italy

Maria Grazia La Spada

University of Messina ( email )

Piazza Pugliatti, 1
Messina, 98122
Italy

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