Social and Behavioral Sciences Commons^™

Exploitation-The Invisible Hand Guided By A Blind Eye: Confronting A Flaw In Economic Theory, Phillip Dybicz

The Journal of Sociology & Social Welfare

Economics is alone among the social science disciplines in failing to have a sound theory to explain behaviors when people do not act according to their self-interest, that is, with compassion. This has resulted in a fundamental flaw in economic thought. As economies have grown in scale and complexity, there has been a corresponding distancing between consumers and producers. This flaw has revealed itself through a lack of economic structures which bridge this distance, restore a level of intimacy within the economic interaction, and hence facilitate the expression of compassion.