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Economic Theory and the Social Question: Some Dialectics Regarding the Work-Dependency Relationship

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  • Richard E. Wagner

Abstract

This article uses the 19th century concern with “the social question” to explore how theories shape our insights into our subjects of interest. Contemporary theory mostly construes economics as a science of rational action, which reduces the social question to a matter of material inequality. In contrast, this article treats economics as a form of social theory, with the social question revolving around the material and the moral qualities of societies. While redistribution may be a component of efforts to address the social question, primary focus rests on the institutional arrangements through which human capacities are formed and moral orientations generated.

Suggested Citation

  • Richard E. Wagner, 2019. "Economic Theory and the Social Question: Some Dialectics Regarding the Work-Dependency Relationship," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 139(2–4), pages 407-420.
  • Handle: RePEc:dah:aeqjce:v139_y2019_i2-4_q2-4_p407-420
    DOI: 10.3790/schm.139.2-4.407
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    More about this item

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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