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K. William kapp’s social theory of social costs

Berger, Sebastian

Authors



Abstract

© 2015 by Duke University Press. This article deals with the theory of social costs by K. William Kapp, as outlined in his book The Social Costs of Private Enterprise (1950). This work is a continuation of the socialist calculation debate, in which Kapp defended the possibility of rational planning, that is, the need to prevent social costs ex ante. This defense of planning to prevent social costs was developed into a foundation for social economics, consisting of a framework for social and democratic controls of the economy. The framework effectively ties market, state, and civil society actors to a substantive rationality, that is, social minima. Hence, Kapp developed a genuinely social theory of social costs because it originated as an explicit defense of the substantive rationality of planning to prevent social costs and guarantee social minima, and became the foundation of a comprehensive theoretical framework of social economics.

Journal Article Type Article
Publication Date Jan 1, 2015
Journal History of Political Economy
Print ISSN 0018-2702
Electronic ISSN 1527-1919
Publisher Duke University Press
Peer Reviewed Peer Reviewed
Volume 47
Issue S1
Pages 227-252
Institution Citation Berger, S. (2015). K. William kapp’s social theory of social costs. History of Political Economy, 47(S1), 227-252. https://doi.org/10.1215/00182702-3130523
DOI https://doi.org/10.1215/00182702-3130523
Keywords K William Kapp, social costs, social theory
Publisher URL http://dx.doi.org/10.1215/00182702-3130523