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The Political and Moral Dimensions of Economics

In: Rediscovering Social Economics

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  • Roger D. Johnson

Abstract

The defining issue for the great Classical economists of the nineteenth century was economic growth and the seemingly ever widening gap between the incomes of those at the bottom of the social system and those at the top. Although capitalism and the so-called industrial revolution were generating tremendous improvements in manufacturing and agricultural productivity, Smith’s emphasis on achieving improved real wages for the working class didn’t seem to be fully realized.

Suggested Citation

  • Roger D. Johnson, 2017. "The Political and Moral Dimensions of Economics," Perspectives from Social Economics, in: Rediscovering Social Economics, chapter 0, pages 17-30, Palgrave Macmillan.
    • Handle: RePEc:pal:pfschp:978-3-319-51265-5_2
    DOI: 10.1007/978-3-319-51265-5_2
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