Monday, February 29, 2016
The Concept of "Economics"
Capitalism is of a liberal nature, it's not conservative at all. However, this does not mean there are not any conservatives in capitalism. Many of the richest participants (or those in capitalism who have the most capital) are conservatives. That does not make the system by nature conservative. Within the "regime of Kapital" there are conservatives, certainly. And not only that, but also there are all kinds of conservatives. Still, the behavior is liberal. Capitalism is by nature more like something that is open, and therefore liberal. So, that is the nature of this phenomenon. (We have understand here that it is a social phenomenon and not in any truly meaningful way an 'individual' phenomenon at all, which means a drastic break with formerly popular ways of viewing it.)
For example they share. ("They" means the persons participating, and surely capitalism in the end engulfs entire societies. As an example of how participants share: how can you make money without sharing information? There is also close holding of trade secrets, closed social classes of various kinds, etc. But overall, I don't think I am wrong to suggest that capitalism creates a more liberal society, a sharing society.)
The common behavior pattern of capitalism is of a rather more liberal nature; whereas as secondary consideration concerns the ideology of capitalism. That becomes bifurcated (into L. & R.)
Capitalism gradually increased in influence. Finally, it dominated (above, I say "engulfed") the whole societies within which it was practiced. And as capitalism rose it became gradually clear to the powers of society what was happening. They knew they were becoming capitalistic; they could see something different happening, right before their eyes. What you are now gonna need, then, is this element of an explanation. People are going to try to create a theory. In other words: when the society began to understand and integrate this knowledge that capitalist practice was proving to be superior, there was also a very great (and I do not ignore them or belittle them or their interests) conservative element. This element in society then proceeded to create it's version. It wasn't true, but it was a version of what happened. That theory is today called "economics." It also, we should mention, once ran under the rubric, "political economy." In any case what we can say here is that Society (upper classes, so a capital letter!) crafted their own version of what was happening. And: this is what modern "economics" is, when we mean by "economics" the study of what used to be called "political economy." (The contrasting lexical group would be the business and trade behaviors as such, the "phenomena" of capitalism.)
Generally speaking, all phenomena are subject to interpretation, or certainly most phenomena so long as there is a subjective element. Thus, what a capitalistic society says about capitalism is one particular interpretation.