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  <title>The Moral Economists</title>
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  <namePart>Rogan, Tim</namePart>
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   <publisher>Princeton University Press</publisher>
   <dateIssued>2018</dateIssued>
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 <note>What’s wrong with capitalism? In the twenty-first century, the answer seems &#13;
simple: inequality. Material disparities between the rich and the rest are widening.1 Prosperity has become the preserve of too few. This emphasis on material inequality seems unremarkable in our own time. But in historical perspective it is extraordinary. It represents a radical truncation of the parameters &#13;
of the critique of capitalism. An alternative critical tradition focused less on &#13;
material outcomes than on moral or spiritual consequences has fallen into &#13;
disuse. This book explains how that happened, and why it matters, and what &#13;
might be done about it.&#13;
The term “capitalism” was coined by social critics in nineteenth-century &#13;
Germany and Britain apprehensive about the nature and tempo of social &#13;
change in the era of the French Revolution and the Industrial Revolution.2 It &#13;
described the new form of society in which acquisitive instincts long deemed &#13;
vicious and countermanded by legal and cultural strictures came to be seen as &#13;
virtuous and beneficent. Concerns about inequality have always been part of &#13;
the argument against capitalism. But until very recently they were never the &#13;
whole or even the major part of that argument. For most of the nineteenth &#13;
and twentieth centuries, poverty mattered less to capitalism’s critics than &#13;
moral or spiritual desolation. In the twenty-first century, economic arguments &#13;
take precedence. Vivid moral argument has given way to calculations of advantage and disadvantage fortified with anger and indignation.&#13;
Considered from some angles, this replacement of moral argumentation &#13;
with an emphasis on material outcomes is an improvement. It enables reasonable, empirical discussion of the problem, which in turn promises to identify &#13;
rational, practicable reforms: woolly, inscrutable polemic has given way to &#13;
exacting analysis. Written from this perspective, an account of the means by &#13;
which moral argumentation yielded to a focus on material inequality might &#13;
play out as an upbeat story, a whig history for technocratic progressives</note>
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  <topic>The Moral Economicst</topic>
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