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The great divorce: the freeing of markets from communities and from moral constraint

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Purpose – This paper aims to explain how economics severed itself from the moral constraint of
community and from ethics.
Design/methodology/approach – The paper utilizes respected economic histories (e.g. Tawney,
Polanyi, Heilbroner) and analyzes central theoretical texts of modern capitalism (e.g. Adam Smith).
Findings – This paper concludes that the divorce of economics from community and ethics had
historical causes, beginning with enclosure, and was then theoretically justified by the classical
economics.
Practical implications – The paper suggests that, if social economics wish to reconnect economics
with ethics, they need first to understand and to contend with, better than they have, the enormity of the
historical and theoretical forces that drove the two apart in the first place.
Originality/value – While many social economists argue for the need to connect economics with
ethics, few if any have offered an extended analysis of their divorce.

Keywords Ethics, Modern capitalism, Community, Enclosure, Moral science, Social economics

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Ketersediaan

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Informasi Detail

Judul Seri

Humanomics

No. Panggil

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Penerbit

: Emerald Group., 2014

Deskripsi Fisik

Humanomics Vol. 30 No. 3, 2014 pp. 186-198

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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