Wicks, Rick (2011): Assumption without representation: the unacknowledged abstraction from communities and social goods. Published in: The American Economist , Vol. 57, No. 1 (2012): pp. 78-95.
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Abstract
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.
Item Type: | MPRA Paper |
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Original Title: | Assumption without representation: the unacknowledged abstraction from communities and social goods |
Language: | English |
Keywords: | assumptions, communities, general equilibrium, separability, social goods. |
Subjects: | A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines A - General Economics and Teaching > A1 - General Economics > A13 - Relation of Economics to Social Values B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary D - Microeconomics > D2 - Production and Organizations > D20 - General Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification |
Item ID: | 51674 |
Depositing User: | Dr. Rick Wicks |
Date Deposited: | 24 Nov 2013 05:01 |
Last Modified: | 03 Oct 2019 10:58 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/51674 |