by Summary:
The takeaway: The appropriate modes of economic organization vary from country to country. In saying this, I’m following Edmund Burke, who wrote: Circumstances (which with some gentlemen pass for nothing) give in reality to every political principle its distinguishing colour and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind. The answer might lie in a distinction made by Burke as described (pdf) by Jesse [Norman]. He distinguished between “embodied” reason – which proceeds from concrete actually-existing conditions – and abstract reason which began from theory. Those who give blanket, worldwide support to either capitalism or socialism are perhaps too prone to abstract reason and too little to embodied
Topics:
Mike Norman considers the following as important: capitalism, Edmund Burke, Karl Marx, socialism
This could be interesting, too:
The takeaway: The appropriate modes of economic organization vary from country to country. In saying this, I’m following Edmund Burke, who wrote: Circumstances (which with some gentlemen pass for nothing) give in reality to every political principle its distinguishing colour and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind. The answer might lie in a distinction made by Burke as described (pdf) by Jesse [Norman]. He distinguished between “embodied” reason – which proceeds from concrete actually-existing conditions – and abstract reason which began from theory. Those who give blanket, worldwide support to either capitalism or socialism are perhaps too prone to abstract reason and too little to embodied
Topics:
Mike Norman considers the following as important: capitalism, Edmund Burke, Karl Marx, socialism
This could be interesting, too:
Peter Radford writes The Geology of Economics?
Dean Baker writes Capitalism and Democracy: The market is far more flexible than Christopher Caldwell imagines
Peter Radford writes AJR, Nobel, and prompt engineering
Robert Vienneau writes William Baumol On Marx
The appropriate modes of economic organization vary from country to country. In saying this, I’m following Edmund Burke, who wrote:Marx also distinguished between rational abstraction and concrete abstraction, following Kant and Hegel. This distinction is often overlooked in Anglo-American thought.Circumstances (which with some gentlemen pass for nothing) give in reality to every political principle its distinguishing colour and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind.The answer might lie in a distinction made by Burke as described (pdf) by Jesse [Norman]. He distinguished between “embodied” reason – which proceeds from concrete actually-existing conditions – and abstract reason which began from theory. Those who give blanket, worldwide support to either capitalism or socialism are perhaps too prone to abstract reason and too little to embodied reason....