BuberNeumann

BuberNeumann is a theoretical construct that emerged from the intersection of the philosophical ideas of Martin Buber and the economic theories of John von Neumann. While not a widely recognized established term in academic literature, it can be interpreted as a framework that explores how Buber's concepts of the I-Thou relationship and intersubjectivity might influence or be applied to understanding economic interactions, particularly those involving decision-making and cooperation.

Martin Buber, a prominent 20th-century philosopher, distinguished between two modes of human existence: I-It and I-Thou. The I-It relationship is characterized by objectification, where the other is treated as a means to an end, a thing to be used or analyzed. In contrast, the I-Thou relationship is one of direct, unmediated encounter, where the other is recognized as a unique and whole being, fostering mutuality and genuine connection.

John von Neumann, a pioneering mathematician and economist, is renowned for his work on game theory, which analyzes strategic interactions between rational decision-makers. Game theory often models individuals as self-interested agents seeking to maximize their own payoffs, which can sometimes lead to outcomes that are suboptimal for the group as a whole, such as in the prisoner's dilemma.

A BuberNeumann perspective would suggest that the purely rational, self-interested assumptions of some economic models might overlook the profound impact of intersubjective experience. It might propose that understanding economic agents not just as calculating individuals but as beings capable of I-Thou relationships could lead to richer models of cooperation, trust, and shared value creation. This approach could re-examine how empathy, dialogue, and a recognition of the other's inherent worth might shape economic behavior and outcomes beyond the predictions of traditional game theory.