Economic analysis has to put in light competition and rivalry between individuals in a market society. The paper exposes the analysis of social rivalry suggested by Michael Foucault. It shows its superiority on the classic approach of Marx. It proposes some ways to develop an economic approach of social rivalry.
Do markets foster selfishness?
Abstract The economic agent is almost by definition considered to be purely self-interested. But even more than this, his utility is defined over what he consumes and in this he is monotonic. We refer to this as being “selfish”. In this paper we investigate the claim that markets make people selfish. We first argue that economic … Continue reading Do markets foster selfishness?