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Beyond Bohm-Bawerk: Searching for a place for relations in economic theory

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  • Stefan Mann

Abstract

Although, in the nineteenth century, Bohm-Bawerk remarked that relations as a category are distinct from goods, economists today increasingly subsume relations as a particular category of goods, both semantically and by applying methods like Contingent Valuation. This paper shows where the main distinctions between goods and relations lie. It categorizes economically relevant relations along the lines of symmetry and relevance for bystanders. The main obstacles to applying valuation techniques developed for public goods are outlined.

Suggested Citation

  • Stefan Mann, 2007. "Beyond Bohm-Bawerk: Searching for a place for relations in economic theory," Review of Social Economy, Taylor & Francis Journals, vol. 65(4), pages 445-457.
    • Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:445-457
    DOI: 10.1080/00346760701667299
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    Cited by:

    1. Benedetto Gui, 2013. "Relational goods," Chapters, in: Luigino Bruni & Stefano Zamagni (ed.), Handbook on the Economics of Reciprocity and Social Enterprise, chapter 30, pages 295-305, Edward Elgar Publishing.

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    Keywords

    Bohm-Bawerk; relations; goods;
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