This book was written by Prof. Mao Yushi and Mr. Cen Ke. The book is called Humanistic Economics: Economics Without Mathematical Terms because humanistic economics is different from mathematical economics. Mathematical economics is more close to natural science, for it is objective and logic is the only criterion to judge between right and wrong. After 20th century, economics basically developed along this way. So people learning economics must be proficient of mathematics.
However, this book is different from mathematical economics, and it inherits tradition of Adam Smith, cares about people’s behavior and pursuits, restrictions and interpersonal relationships in the market, and then discusses life, society and wider views.
As a branch of economics, what humanistic economics discusses are questions of economics, including how to improve the efficiency of the social wealth production through reasonable allocation of resources. Humanistic economics derives from life; in turn, the analysis of economics makes it more profound to understand interpersonal relationships and life.
Humanistic economics is the economics explained with life experience, which is also the characteristic of this book. It avoids the complicated mathematical derivation, makes the economics more close to the masses, and helps readers establish a more rational spirit world.