Image credit: Istockphoto

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.

[…]