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Are social costs the outcome of struggles over truth?

Berger, Sebastian

Authors



Abstract

© 2020, © 2020, Journal of Economic Issues / Association for Evolutionary Economics. Abstract: This article critically examines the institutional economics theory of social costs by way of reviewing The Dark Places of Business Enterprise: Reinstating Social Costs in Institutional-Economics (2019). In particular, the article assesses the proposal to re-root institutional economics in the theoretical synthesis of “Veblen-Kapp-Mirowski” to better understand the social costs of neoliberalism. One of the findings is that while such a synthesis seems justified on the grounds of significant commonalities and the merits of deeper insights, it nevertheless runs into difficulties due to divergent philosophical foundations. One of the conclusions is that further philosophic clarification is needed on how an alternative economy would understand the relationship between “social costs” and Truth.

Citation

Berger, S. (2020). Are social costs the outcome of struggles over truth?. Journal of Economic Issues, 54(2), 525-534. https://doi.org/10.1080/00213624.2020.1759021

Journal Article Type Review
Acceptance Date Apr 20, 2020
Online Publication Date Jun 16, 2020
Publication Date Jun 16, 2020
Deposit Date Apr 24, 2020
Publicly Available Date Mar 28, 2024
Journal Journal of Economic Issues
Print ISSN 0021-3624
Electronic ISSN 1946-326X
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 54
Issue 2
Pages 525-534
DOI https://doi.org/10.1080/00213624.2020.1759021
Public URL https://uwe-repository.worktribe.com/output/5927976
Publisher URL https://www.tandfonline.com/toc/mjei20/current