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Societies for the History of Economics

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Subject:
From:
[log in to unmask] (Fred Carstensen)
Date:
Fri Mar 31 17:18:49 2006
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Samuel Bostaph wrote:  
  
"Society" is not a decisionmaker."  
  
Can Sam really believe that?  All markets, everywhere, are social   
constructs.  Ownership, liability, "citizenship", exit and entry are   
all socially constructed.  Liberty is a social construct (read   
English law). There are no economic decisions (choices, behavior,   
whatever) except in a social context.   "Society" may stop short of   
coercively enforcing decisions (though it often doesn't), but society   
absolutely and always frames the decisions (choices, behavior) that   
individuals make (or the behavior which we observe).  
  
Fred Carstensen  
  
  
  
  
 

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