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Societal Foundations of Economic Development

In: Global Business in Local Culture

Author

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  • Philipp Aerni

    (Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich)

Abstract

This chapter argues that society and the economy should not be understood as two different realms in the social sciences. After all, economic activities are always embedded in prior social networks. Nevertheless, the implicit assumption that the pursuit of economic interest goes at the expense of social interests is still very much present in the deliberations of well-known economists, such as Dani Rodrik, who have been inspired by the work of Karl Polanyi.

Suggested Citation

  • Philipp Aerni, 2018. "Societal Foundations of Economic Development," SpringerBriefs in Economics, in: Global Business in Local Culture, chapter 0, pages 13-19, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-03798-7_2
    DOI: 10.1007/978-3-030-03798-7_2
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