All types of societies are limited by economic factors. Nineteenth century civilization alone was economic in a different and distinctive sense, for it chose to base itself on a motive rarely acknowledged as valid in the history of human societies, and certainly never before raised to the level of a justification of action and behavior in everyday life, namely, gain. The self-regulating market system was uniquely derived from this principle. The mechanism which the motive of gain set in motion was comparable in effectiveness only to the most violent outburst of religious fervor in history.-Karl Polanyi, 1957(The Great Transformation). This book has been written as a reaction to Hayeks Total Capitalistic Societal Attitude described in The Road to Serfdom. You, Digital Entrepreneurs, please read these two books. The reading will be worth the time. If you get enough time, please read also Marshall Sahlins Stone Age Economics. Have you a good read.
Posted on: Tue, 28 Jan 2014 04:21:46 +0000
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