This HTML5 document contains 28 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
dbohttp://dbpedia.org/ontology/
foafhttp://xmlns.com/foaf/0.1/
n8https://global.dbpedia.org/id/
dbthttp://dbpedia.org/resource/Template:
rdfshttp://www.w3.org/2000/01/rdf-schema#
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
owlhttp://www.w3.org/2002/07/owl#
wikipedia-enhttp://en.wikipedia.org/wiki/
dbchttp://dbpedia.org/resource/Category:
dbphttp://dbpedia.org/property/
provhttp://www.w3.org/ns/prov#
xsdhhttp://www.w3.org/2001/XMLSchema#
goldhttp://purl.org/linguistics/gold/
wikidatahttp://www.wikidata.org/entity/
dbrhttp://dbpedia.org/resource/

Statements

Subject Item
dbr:Karl_Polanyi
dbo:wikiPageWikiLink
dbr:Economistic_fallacy
Subject Item
dbr:Economistic_fallacy
rdfs:label
Economistic fallacy
rdfs:comment
The economistic fallacy is a concept originated by Karl Polanyi in the 1950s, that refers to fallacious conflation of human economy in general, with its market form. Whereas the former is a necessary component of any society, being the organization through which that society meets its physical wants, i.e. reproduces itself, the latter is a modern institution that is neither autonomous nor stable. The fallacy can occur either by narrowing the genus "economic" to merely market phenomena, or overextending "the market" to encompass all aspects of human economic activity. These moves can be seen as equating the conceptual content of "economics" with what is in fact mere form or ideology, instead of with the substance embodied by the specific decisive relations in which humans are engaged in any
dcterms:subject
dbc:Philosophy_of_economics
dbo:wikiPageID
47731394
dbo:wikiPageRevisionID
1118141117
dbo:wikiPageWikiLink
dbc:Philosophy_of_economics dbr:Karl_Polanyi dbr:Critique_of_political_economy dbr:Rationality dbr:Materialism dbr:Classical_liberalism dbr:Economism dbr:Economic_determinism dbr:Economics_empiricism dbr:Embeddedness dbr:Marxist_economics
owl:sameAs
n8:2MvQP wikidata:Q25099581
dbp:wikiPageUsesTemplate
dbt:Reflist dbt:Econ-stub
dbo:abstract
The economistic fallacy is a concept originated by Karl Polanyi in the 1950s, that refers to fallacious conflation of human economy in general, with its market form. Whereas the former is a necessary component of any society, being the organization through which that society meets its physical wants, i.e. reproduces itself, the latter is a modern institution that is neither autonomous nor stable. The fallacy can occur either by narrowing the genus "economic" to merely market phenomena, or overextending "the market" to encompass all aspects of human economic activity. These moves can be seen as equating the conceptual content of "economics" with what is in fact mere form or ideology, instead of with the substance embodied by the specific decisive relations in which humans are engaged in any given period and locale. Polanyi considered the roots of this fallacy to lie in a particularly pervasive form of subjectivity specific to the conditions of life in nineteenth century industrial economies, describing it as the "central illusion of an age". Contemporary scholars support the enduring prevalence of the fallacy, which is further explained by Polanyi's analysis of its entrenchment in various institutions. Polanyi developed the concept over time, devoting the first chapter of his posthumously-published book The Livelihood of Man to the subject. It elaborates on his concept of embeddedness, that humans are social creatures and that economic activity takes place in, and because of, social contexts. The economistic fallacy is used to criticize both Marxist economics and classical liberalism, focusing on their assumptions built on materialism and rationality. The economistic fallacy is also used to reject the tendency of Marxists and classical liberals alike to separate economics from other fields of human life and study and to reduce those aspects and fields to mere aspects of economics.
gold:hypernym
dbr:Concept
prov:wasDerivedFrom
wikipedia-en:Economistic_fallacy?oldid=1118141117&ns=0
dbo:wikiPageLength
2694
foaf:isPrimaryTopicOf
wikipedia-en:Economistic_fallacy
Subject Item
dbr:Fictitious_commodities
dbo:wikiPageWikiLink
dbr:Economistic_fallacy
Subject Item
wikipedia-en:Economistic_fallacy
foaf:primaryTopic
dbr:Economistic_fallacy