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Political Economy of Love: Nurturance Gap, Disembedded Economy and Freedom Constraints within Neoliberal Capitalism

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  • Phillip Anthony O’Hara

Abstract

This article critically evaluates the forms of love capital being accumulated by people in capitalist economies, through the lens of some of the core general principles of heterodox political economy (HPE). We start by situating love historically in the neoliberal culture and then examine the six main love styles as well as the five critical factors through the process of ciruclar and cumulative causation. We then scrutinise the contradictions of neoliberal capitalism involving the nurturance gap, disembedded economy and freedom constraint which inhibit the generation of holistic love capital. The path dependent nature of love is then linked to relational phases and instabilities, especially involving serial monogamy in the United States. Some of the core principles of HPE provide a vantage point for scrutinising the problems involved in stimulating holistic love capital in the contemporary environment. Key words: Historical specificity, Circular and cumulative causation, Contradictions, Path dependence, Love capital, Neoliberalism.JEL: A13, B50, I31, P17, Z10.

Suggested Citation

  • Phillip Anthony O’Hara, 2014. "Political Economy of Love: Nurturance Gap, Disembedded Economy and Freedom Constraints within Neoliberal Capitalism," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(2), pages 161-192.
    • Handle: RePEc:voj:journl:v:61:y:2014:i:2:p:161-192:id:71
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    Keywords

    Historical specificity; Circular and cumulative causation; Contradictions; Path dependence; Love capital; Neoliberalism;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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