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Co-operative principles and the evolution of the ‘dismal science’: The historical interaction between co-operative and mainstream economics

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  • Philip B. Whyman

Abstract

The development of co-operatives has been (and is) influenced by ideas and conceptions first developed by mainstream economics, yet there is commonly claimed to be a disinterest (or misunderstanding) among economists relating to the advantages and challenges posed by co-operative organisations. Yet a broader perspective demonstrates that whatever distance between the economic profession and the co-operative movement may exist today, there has certainly been a close association throughout most of their shared history. This paper, therefore, seeks to illuminate the perspectives adopted, and insights into co-operatives developed, by leading economists since 1776.

Suggested Citation

  • Philip B. Whyman, 2012. "Co-operative principles and the evolution of the ‘dismal science’: The historical interaction between co-operative and mainstream economics," Business History, Taylor & Francis Journals, vol. 54(6), pages 833-854, October.
    • Handle: RePEc:taf:bushst:v:54:y:2012:i:6:p:833-854
    DOI: 10.1080/00076791.2012.706903
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    References listed on IDEAS

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    1. Mill, John Stuart, 1848. "Principles of Political Economy (II): Distribution," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number mill1848-2.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    3. Mill, John Stuart, 1848. "Principles of Political Economy (III): Exchange," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 3, number mill1848-3.
    4. Mill, John Stuart, 1848. "Principles of Political Economy (I): Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number mill1848-1.
    5. Mill, John Stuart, 1848. "Principles of Political Economy (V): On the Influence of Government," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 5, number mill1848-5.
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    Cited by:

    1. Greg Sharzer, 2017. "Cooperatives as Transitional Economics," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 456-476, September.

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