Economics of Intangibles
Up to now, economics as a branch of social science has been concerned mainly to map the commercial and financial relations of Humanity, including a wide variety of institutions spawned to sustain livelihoods within these relations. Although these relationships, qua relations, are by definition intangible, the forms by which these relations are expressed -- and in which they may even be quantified, predicted and managed -- are all tangible. Thus we arrive at the tantalising paradox wherein, for economists, tangibles seem to occupy the entire space of interest, even though that which has given rise to their very field in the first place are actually social relations that remain utterly intangible. Always and everywhere, the tangible is also quantifiable. However, lifting this veil uncovers something very strange. To the extent that tangible economic activity takes quantifiable form, it is possible to generalise about the forms themselves and/or to verify them, without reference to any further information as to the intent, conscience or consciousness of those who gave rise to these activities in the first place. This elimination of "subjective factors", such as intention, was long trumpeted as the economists' greatest success (as social "scientists"). This book presents the many quintessential elements of economics from all around the globe.
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Intangibles in the Big Picture Continued Information Technology and the Global System
Tangibles in the Big Picture
The Aphenomenal Model
The New Synthesis
References and Bibliography
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Сторінка 56 - ... every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it.
Сторінка 56 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention, v Nor is it always the worse for the society that it was no part of it.
Сторінка 330 - There is a tide in the affairs of men Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat; And we must take the current when it serves, Or lose our ventures.
Сторінка 58 - God Must think it exceedingly odd If he finds that this tree Continues to be When there's no one about in the Quad'.
Сторінка 56 - I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it.
Сторінка 92 - The wealth of those societies in which the capitalist mode of production prevails, presents itself as "an immense accumulation of commodities," its unit being a single commodity.
Сторінка 88 - Without revolutionising the mode of production, it only worsens the condition of the direct producers, turns them into mere wage-workers and proletarians under conditions worse than those under the immediate control of capital, and appropriates their...
Сторінка 302 - The essential features and requirements of the basic law of socialism might be formulated roughly in this way : the securing of the maximum satisfaction of the constantly rising material and cultural requirements of the whole of society through the continuous expansion and perfection of socialist production on the basis of higher techniques.
Сторінка 122 - ... whereas it cannot be disputed that the nature of the other species with which each has to compete, is at least as important, and generally a far more important element of success.