Tag Archives: Elgar Companion to Social Economics 2nd Edition

“The market cannot be usefully understood as separate from society” : Social Economics, Social Economists and the Real World – by Wilfred Dolfsma

April 28, 2015

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Social Economics understands the economy as value-laden – laden with values not just of a ‘bourgeois’ kind, such as prudence and thrift. The values of prudence and thrift are values that are consistent with a view of the market as an means for actors of all stripes to maximize whatever it is that they want to maximize. But, Dr Wilfred Dolfsma explains, social economics acknowledges that there are more values than these that imbue the economy with meaning.

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