Moral Economy as Critique

Click to increase image sizeClick to decrease image size Notes 1. For example, Michel Foucault, ‘Interview with Didier Eribon’, in Lawrence D. Kritzman (ed.), Foucault: Politics, Philosophy, Culture (Routledge, 1981). 2. William Booth, ‘On the Idea of the Moral Economy’, American Political Science Review, Vol. 88, No. 3 (1994), pp. 653–67. As Arnold notes, the concept of moral economy has been too closely associated with resistance to markets but his revisions of the concept remain tied to resistance to markets, and are restricted to ideas concerning social goods. T. Clay Arnold, ‘Rethinking Moral Economy’, American Political Science Review, Vol. 95, No. 1 (2001), pp. 85–95. 3. Amitai Etzioni, The Moral Dimension: Toward a New Economics (Free Press, 1988). 4. Irene van Staveren, The Values of Economics: An Aristotelian Perspective (Routledge, 2000). 5. Hardly any social relationship ‘is intelligible without a recognition of the ethical responsibilities and obligations which it carries with it, and … much of our moral life is made up of these kind of loyalties and commitments’. Richard Norman, The Moral Philosophers, 2nd edn (Oxford University Press, 1998) p. 216. 6. Katherine Verdery Marieke de Goede, Virtue, Fortune, and Faith: A Genealogy of Finance (Minnesota University Press, 2005). 9. David Ellerman, Property and Contract in Economics (Blackwell, 1992). 10. Jürgen Habermas, Communication and the Evolution of Society (Beacon Press, 1979), p. 6. 11. Claire Andre Geoffrey Brennan and Philip Pettit, The Economy of Esteem (Oxford University Press, 2005). 16. Margaret S. Archer, Being Human (Cambridge University Press, 2000). 17. For example, looking after oneself saves burdening others. Adam Smith, The Theory of Moral Sentiments (Liberty Fund,1759), p. 304. 18. John O'Neill, The Market: Ethics, Knowledge and Politics (Routledge, 1998). 19. Albert O. Hirschman, ‘Rival Interpretations of Market Society: Civilizing, Destructive or Feeble?’, Journal of Economic Literature, Vol. 20, No. 4 (1982), pp. 1463–84. 20. O'Neill, The Market. 21. See, for example, James B. Murphy, The Moral Economy of Labor (Yale University Press, 1993); Andrew Sayer, ‘Dignity at Work: Broadening the Agenda’, Organization, Vol. 14, No. 4 (2007), pp. 565–81. 22. Anthony Giddens, The Consequences of Modernity (Polity, 1990). 23. Archer, Being Human. 24. Georg Simmel, The Philosophy of Money (Routledge, 1978), p. 457. 25. Adam Smith, The Wealth of Nations (University of Chicago Press, 1976 1776). 26. James R. Otteson, Adam Smith's Marketplace of Life (Cambridge University Press, 2002). 27. William Booth, Households: On the Moral Architecture of the Economy (Cornell University Press, 1993). 28. Mark Granovetter ‘Economic Action and Social Structure: The Problem of Embeddedness’, American Journal of Sociology, Vol. 91, No. 3 (1985), pp. 481–510. 29. The desire to be neutral often derives from a confusion of neutrality with objectivity. It is not necessary to be normatively neutral with regard to something in order to be able to understand it. Indeed, sometimes neutrality may inhibit understanding. We do not necessarily understand the things we care about less than those to which we are indifferent. 30. Andrew Sayer, ‘For a Critical Cultural Political Economy’, Antipode, Vol. 33, No. 4 (2001), pp. 687–708. 31. Andrew Collier, In Defence of Objectivity (Routledge, 2003). 32. Ross Poole, Morality and Modernity (Routledge, 1991); Russell Keat, Cultural Goods and the Limits of the Market (Palgrave, 2000). 33. The objective nature of well-being implies the fallibility rather than certainty of beliefs about it. 34. Polanyi, The Great Transformation, p. 157. 35. Barbara Ehrenreich Diane Perrons, Globalization and Social Change (Routledge, 2004). 38. Amartya Sen, Inequality Re-examined (Oxford University Press, 1992); Martha C. Nussbaum, Women and Human Development (Cambridge University Press, 2000). 39. De Goede, Virtue, Fortune, and Faith. 40. Michael Walzer, Spheres of Justice (Harvard University Press, 1983); Elizabeth Anderson, Values in Ethics and Economics (Harvard University Press, 1993); Margaret Radin, Contested Commodities (Harvard University Press, 1996).