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