IDEAS home Printed from https://ideas.repec.org/a/bus/jphile/v2y2009i2p34-77.html
   My bibliography  Save this article

Six choice metaphors and their social implications

Author

Listed:
  • Frederic B. Jennings Jr.

    (Center for Ecological Economic and Ethical Education (CEEEE), Ipswich, Massachusetts (MA))

Abstract

The six metaphors analyzed in this paper unfold stepwise into an interdisciplinary systems framework based on planning horizons. The notion of planning horizons serves as an ordinal measure of rationality and organization, in a social systemic context of ecological interdependence. Each metaphor opens into the next to extend our understanding. The neighborhood store is where almost all neoclassical choices are made, with visible options spread on shelves and a budget allocated among them, maximizing its worth. The chessboard demands strategic contingency planning in an evolving context of incompletely projectable outcomes. A transportation network combines substitutes and complements into a static complex system, intertwined and non­decomposable, leaving economists with a problem of institutional choice. Love is a complementary good – virtually costless to produce and distribute, always in demand – that should be abundant, though it is scarce. The educational system brings inter­horizonal complementarities into our field of view, where contagion effects of longer horizons enhance complementarity at the expense of substitution, shifting the mix of interdependence away from conflicts to concerts of interest. Human ecology is a dynamic complex system of interactive phenomena opening into time, evolving constantly in its structure, relationships and diversity and demanding ethics in our relations. These six metaphors raise some pressing questions on the invisible limits of models standing on substitution applied where they have no place. Symptoms of failure reveal themselves in myopia, ecological loss and the rise of violence in society. Economic implications of these metaphors are reviewed to illustrate the basis for an interdisciplinary approach to social scientific constructions.

Suggested Citation

  • Frederic B. Jennings Jr., 2009. "Six choice metaphors and their social implications," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 2(2), pages 34-77, May.
  • Handle: RePEc:bus:jphile:v:2:y:2009:i:2:p:34-77
    as

    Download full text from publisher

    File URL: http://jpe.ro/pdf.php?id=2863
    Download Restriction: no

    File URL: http://jpe.ro/?id=revista&p=138
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Frederic B. JENNINGS JR., 2020. "Economic essays (part two): toward a realistic concept of choice," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(2), pages 1-57, November.
    2. Frederic B. Jennings Jr., 2019. "Economic essays (part one): toward a realistic concept of choice," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(1), pages 65-105, November.
    3. Frederic B Jennings Jr., 2021. "'Everything You Know is Wrong'. A series of challenges and responses," Post-Print hal-03414864, HAL.

    More about this item

    Keywords

    metaphors; complementarity; planning horizons; cooperation; systems theory;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bus:jphile:v:2:y:2009:i:2:p:34-77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Cojanu (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.