Sociology Index

MORAL ECONOMY

Books on Moral Economy

Moral Economy is the central characteristic of economic activity in a tribal society. Rather than economic exchanges being motivated by self-interest, greed or profit, exchanges are driven by moral obligations created by kinship structure and relations, gift giving, and rituals.

In a moral economy, like in a hunter gatherer society, a hunter or food gatherer may by obliged to give much of the food to a network of relations, thus accounting for the distribution of food within the community.

It was the final collapse of moral economy, economic exchange as moral obligation that Karl Marx bemoaned when he described the ‘cash nexus’ that has become the central medium and motivator of exchange in capitalism and capitalist society.

The moral economy embodies norms regarding the responsibilities and rights of individuals and institutions with respect to others and regarding the nature and qualities of goods, services and environment. The story of capitalism and modernity is told as the replacement of moral economy by a political economy.

The Moral Economy of the Mexican Miner - Adrian Bantjes, University of Wyoming.
Paper seeks to explain the isolated, conservative political role played by mineworkers during the radical presidency of Lazaro Cardenas, using the Sonoran miners as a case study. The moral economy of the Mexican miner was not accepted by the State, which imposed cooperativism, mass unionism, and deskilling on this "labor aristocratic" sector of the workforce. The relative freedom and independence of the Mexican miner would soon be a thing of the past. 

The Moral Economy of the Peasant - Rebellion and Subsistence in Southeast Asia - James C. Scott - yalepress.yale.edu - Scott draws from the history of agrarian society in lower Burma and Vietnam to show how the transformations of the colonial era systematically violated the peasants’ “moral economy” and created a situation of potential rebellion and revolution.

The Moral Economy - John P. Powelson is Professor of Economics Emeritus, University of Colorado - press.umich.edu. The Moral Economy proposes a desirable world that is historically possible, if certain trends of the past millennium are continued into the next, and if world power becomes more diffuse. As we enter the twenty-first century, moral economy looks to the horizon to suggest what a distant future might bring. Shows how a moral economy, a balance between interventionism and libertarianism, and economic prosperity are mutually reinforcing.

Abstract of The Moral Economy 
Adam Smith's classic liberal economy works well only when economic and political power is well distributed. The distribution of power in the twenty-first century depends on which of three paths we take: interventionism, libertarianism, or the middle path proposed in this book. This path is called "the moral economy." The final chapter describes the moral economy, using the solutions to the problems cited in Part One and the institutions proposed in Part Two. It also outlines the path by which the moral economy might be approached.