Political economy celebrates the idea of self-interest and depends
on it. Yet questions about self-interest remain unanswered and
unexplored. What is the self whose interests political economy
celebrates? How do those interests relate to the self? And, in what
does the self take interest? This book explores the way political
economy understands human motivation. The author argues that the
assumptions typically made by economists regarding want and choice
cannot adequately lay a foundation for answering questions about
the design of economic institutions and the appropriate use of
markets. Rather than assuming that individuals know what they want
and gain satisfaction from consuming what they imagine they want,
we should think of economic institutions as involved in a process
of self-seeking and self-discovery, in which knowing what we want
is a result and not a premise. The volume examines the implications
of this idea for political economy, especially for political
economy's normative goal: to offer guidance in shaping economic
institutions and the appropriate use of markets. Topics covered
include: the concept of subsistence; the idea of self-interest in
classical political econo
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