The social space-time of economic activity

Opis

The social space-time of economic activity. The author argues that the basic weakness of neoclassical economics is the eradication of value, which reduces economics to market valuation and results in defining the market as a self-regulatory mechanism.

The danger lies in the fact that contemporary economic activity is a linear process, which means that we focus on generating instrumental values, i.e. achieving a surplus in relation to the costs incurred in running our business. The only measure of success is profit, and we ignore the truth that, along the way, we also initiate many processes that destroy values. The consequences are frightening because in this manner we undermine the ability