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7 - Economic Stories

Published online by Cambridge University Press:  28 September 2023

David Ricci
David Ricci
Affiliation:
Hebrew University of Jerusalem
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Summary

Chapter 6 shows how false Stories help to perpetuate the economic imbalance described in Chapter 4. These Stories include those of economic growth, comparative advantage, creative destruction, and ceaseless innovation. Most of them originate in mainstream economics, including praise for shareholder interests and insistence on social choice theory. Karl Polanyi claimed that such Stories, which endorse a society roiled by constant change, ignore what he called community welfare.

Keywords

Cognitive captureEconomic growthComparative advantageAbstinenceCreative destructionEntrepreneurshipInnovationKarlPolanyiRational individualismShareholders and stakeholdersLimited governmentSocial choice theoryFreedomExceptionalism
Type
Chapter
Information
Post-Truth American Politics
False Stories and Current Crises
 , pp. 97 - 118
Publisher: Cambridge University Press
Print publication year: 2023

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  • Economic Stories
  • David Ricci, Hebrew University of Jerusalem
  • Book: Post-Truth American Politics
  • Online publication: 28 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009396479.007
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  • Economic Stories
  • David Ricci, Hebrew University of Jerusalem
  • Book: Post-Truth American Politics
  • Online publication: 28 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009396479.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Economic Stories
  • David Ricci, Hebrew University of Jerusalem
  • Book: Post-Truth American Politics
  • Online publication: 28 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009396479.007
Available formats
×