European Parliament Library

The end of individualism and the economy, emerging paradigms of connection and community, Ann E. Davis

Summary
"Individualism has been one of the driving forces in the rise of modern capitalism, and methodological individualism has been dominant in social science for many years. In this paradigm the economy is seen as a machine to routinize production and improve efficiency, and the discipline of economics has come to focus on control and automation. Recent innovations in natural and social sciences, however, indicate a shift in thinking away from individualism and towards interconnectedness. The End of Individualism and the Economy traces the origins of "the individual" in history, philosophy, economics and social science. Drawing from linguistic philosophy, there is increasing attention to language as a social substrate for all institutions, including money and the market. One irony is that the "individual" is a key term, related to distinct institutions and associated expertise; that is, "the individual" is social. The book explores the influence of individualism in the subversion of class consciousness, the view of impersonality as a virtue, and the rise of financialization. The founding assumption of economics, the rational autonomous individual with exogenous tastes, undercuts social solidarity and blocks awareness of interconnections and interdependencies. The text looks forward and embraces the new paradigms and alternative forms of governance, economics, and science which can be developed based on collectives and communities, with new values, frameworks, and world views. This work is suitable for academics, students, scholars, and researchers with an interest in economic and social collectives and methodological individualism, as well as those studying the connections between economics and other disciplines in the social and natural sciences"--, Provided by publisher
Table Of Contents
The individual as a key term -- Property and reification -- The public/private divide -- The shaping of the modern liberal state -- The economics of "autophagy": implications of the economy as "machine" -- Methods of social science -- "Unique individuals" -- The property paradigm -- Contradictions -- Backlash -- Alternatives
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (xii, 229 pages), illustrations.
Specific Material Designation
remote
Form Of Item
online
Isbn
9780429840500

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