26 research outputs found

    Between Convergence and Exceptionalism: Americans and the British Model of Labor Relations, c. 1867–1920

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    Assumption without representation: the unacknowledged abstraction from communities and social goods

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    We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which, different from private and public goods, simply disappear if it is attempted to market them. Separability from markets and economics has not been argued, much less established. Acknowledging communities would reinforce rather than undermine them, and thus facilitate the production of social goods. But it would also help economics by facilitating our understanding of – and response to – financial crises as well as environmental destruction and many social problems, and by reducing the alienation from economics often felt by students and the public

    Herbert A. Simon: The Bounds of Reason in Modern America. By

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    Freedom from Want: American Liberalism and the Idea of the Consumer. By

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    The Salt of Social Science

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