According to the political economy of freedom,3 the market should be seen as the final stage of a process that optimises the allocation of scarce resources necessary for the satisfaction of human needs and interests. A healthy and stable social organization can only be guaranteed by economic processes that are based on the propensity to exchange goods with goods, goods with services, and things with other things. However, this renewed version of Smith’s invisible hand has failed to bring about emancipation and well-being for all. Rather, compared to the past century of great experiments, an expression coined by Keynes, the last three decades have born witness to a dramatic regression in the achievement of these goals.
The Political Economy of Solidarity: Production
Cosma Orsi
Primo
2005-01-01
Abstract
According to the political economy of freedom,3 the market should be seen as the final stage of a process that optimises the allocation of scarce resources necessary for the satisfaction of human needs and interests. A healthy and stable social organization can only be guaranteed by economic processes that are based on the propensity to exchange goods with goods, goods with services, and things with other things. However, this renewed version of Smith’s invisible hand has failed to bring about emancipation and well-being for all. Rather, compared to the past century of great experiments, an expression coined by Keynes, the last three decades have born witness to a dramatic regression in the achievement of these goals.| File | Dimensione | Formato | |
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FCC Research report (2018_03_01 13_46_45 UTC).pdf
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