“The market cannot be usefully understood as separate from society” : Social Economics, Social Economists and the Real World – by Wilfred Dolfsma

One of the limited presentations of the breadth that is still required in economics

ElgarBlog from Edward Elgar Publishing


Social Economics understands the economy as value-laden – laden with values not just of a ‘bourgeois’ kind, such as prudence and thrift. The values of prudence and thrift are values that are consistent with a view of the market as an means for actors of all stripes to maximize whatever it is that they want to maximize. But, Dr Wilfred Dolfsma explains, social economics acknowledges that there are more values than these that imbue the economy with meaning.

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Author: Damian Merciar

Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

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