Munich Personal RePEc Archive

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

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.

[img]
Preview
PDF
MPRA_paper_51674.pdf

Download (156kB) | Preview

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.