By Warren J. Samuels

ISBN-10: 1349123714

ISBN-13: 9781349123711

ISBN-10: 1349123730

ISBN-13: 9781349123735

Contains a suite of articles on economics as a procedure of discourse and on definite epistemological difficulties of economics. The therapy of either issues centres at the function of usually implicit assumptions as to whose pursuits count number in achieving conclusions specially as to policy.

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Example text

38 Economics as Discourse INDIVIDUALIST AND MANAGERIALIST CONCEPTIONS OF THE CORPORATION The concept of the corporation as a person for constitutional purposes must be understood in the context of a larger matrix of doctrinal development of law and ideology. At least one aspect of this development is particularly ironical. Given the development of the economy as a corporate system and its concentration of economic power in the hands of a relatively few giant corporations, there have developed two major, albeit conflicting, ideological rationales of the system.

Corporations, as institutions of private governance, are remarkable for the range of their externality~ inducing effects and are abetted in this by law and by legal definitions, such as of personhood. CORPORATE PERSONS AS COMPLEX ORGANIZATIONS AND MODES OF COLLECTIVE ACTION AND IDENTITY It is also both ironic and important that the affirmation of-the corporation as a person was eventually accompanied by the development of the corporation as an extraordinarily large and complex organization, with a decision-making process often encompassing hundreds of thousands of individuals in what John Kenneth 'Galbraith would later call the technostructure.

Moreover, this affectational disposition may harden into a social norm, a sanctioned cultural practice, within a school of thought, especially one which identifies itself with the discipline qua discipline. how to allocate our intellectual energy and time among the possible lines of research (to Sigmund Freud's economics of libido we must add the economics of the intellect). This economic consideration tends to induce systematically skewed discursive results once one has embraced a particular paradigm.

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Essays on the Methodology and Discourse of Economics by Warren J. Samuels


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