Exploitation-The Invisible Hand Guided by a Blind Eye: Confronting a Flaw in Economic Theory

Authors

Phillip Dybicz

Abstract

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.

Recommended Citation

Dybicz, Phillip (2000) "Exploitation-The Invisible Hand Guided by a Blind Eye: Confronting a Flaw in Economic Theory," The Journal of Sociology & Social Welfare: Vol. 27: Iss. 2, Article 3.
DOI: https://doi.org/10.15453/0191-5096.2644
Available at: https://scholarworks.wmich.edu/jssw/vol27/iss2/3