"Individualism has been one of the driving forces in the rise of modern capitalism, and methodological individualism has been dominant in social science for many years. In this paradigm the economy is seen as a machine to routinize production and improve efficiency, and the discipline of economics has come to focus on control and automation. Recent innovations in natural and social sciences, however, indicate a shift in thinking away from individualism and towards interconnectedness. The End of Individualism and the Economy traces the origins of "the individual" in history, philosophy, economics and social science. Drawing from linguistic philosophy, there is increasing attention to language as a social substrate for all institutions, including money and the market. One irony is that the "individual" is a key term, related to distinct institutions and associated expertise; that is, "the individual" is social. The book explores the influence of individualism in the subversion of class consciousness, the view of impersonality as a virtue, and the rise of financialization. The founding assumption of economics, the rational autonomous individual with exogenous tastes, undercuts social solidarity and blocks awareness of interconnections and interdependencies. The text looks forward and embraces the new paradigms and alternative forms of governance, economics, and science which can be developed based on collectives and communities, with new values, frameworks, and world views. This work is suitable for academics, students, scholars, and researchers with an interest in economic and social collectives and methodological individualism, as well as those studying the connections between economics and other disciplines in the social and natural sciences"--

“These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation

Individualism has been one of the driving forces in the rise of modern capitalism, and methodological individualism has been dominant in social science for many years. In this paradigm the economy is seen as a machine to routinize production and improve efficiency, and the discipline of economics has come to focus on control and automation. Recent innovations in natural and social sciences, however, indicate a shift in thinking away from individualism and towards interconnectedness. The End of Individualism and the Economy: Emerging Paradigms of Connection and Community traces the origins of “the individual” in history, philosophy, economics, and social science. Drawing from linguistic philosophy, there is increasing attention to language as a social substrate for all institutions, including money and the market. One irony is that the individual is a key term, related to distinct institutions and associated expertise; that is, the individual is social. The book explores the influence of individualism in the subversion of class consciousness, the view of impersonality as a virtue, and the rise of financialization. The founding assumption of economics, the rational autonomous individual with exogenous tastes, undercuts social solidarity and blocks awareness of interconnections and interdependencies. The text looks forward and embraces the new paradigms and alternative forms of governance, economics, and science which can be developed based on collectives and communities, with new values, frameworks, and world views. This work is suitable for academics, students, scholars, and researchers with an interest in economic and social collectives and methodological individualism, as well as those studying the connections between economics and other disciplines in the social and natural sciences.

Today, American "rugged individualism" is in a fight for its life on two battlegrounds: in the policy realm and in the intellectual world of ideas that may lead to new policies. In this book, the authors look at the political context in which rugged individualism flourishes or declines and offer a balanced assessment of its future prospects. They outline its path from its founding—marked by the Declaration of Independence—to today, focusing on different periods in our history when rugged individualism was thriving or was under attack. The authors ultimately look with some optimism toward new frontiers of the twenty-first century that may nourish rugged individualism. They assert that we cannot tip the delicate balance between equality and liberty so heavily in favor of equality that there is no liberty left for individual Americans to enjoy. In considering reasons to be pessimistic as well as reasons to be optimistic about it, they also suggest where supporters of rugged individualism might focus greater encouragement and resources.

Daniel Bromley offers a fundamental critique of contemporary capitalism to explain why the world now finds itself in widespread disorder. The basic flaw, he argues, is the triumph of a culture of possessive individualism. As a result, capitalism is no longer an engine of improved livelihoods and social hope. Bromley explains that escape from this disorder requires that the private firm be reimagined as a public trust whose purpose is to offer plausible livelihoods as it also serves our acquisitive wants. However, the possessive individual also bears urgent responsibilities. We must renew the idea of loyalty to others-whether neighbors, fellow workers, or society at large.

China's changing course, and sustainable success requires a shift in strategy The End of Copycat China helps business executives and investors understand how China's economy is shifting from one based on heavy investment to one on services and consumption by providing insight that help shape effective strategy. Drawing from over 50,000 interviews with entrepreneurs, venture capitalists, private equity investors, private Chinese companies, and multinationals, this book describes how Chinese firms are increasingly focused on innovation rather than copying what worked in America and how consumers are evolving with their hopes, dreams and aspirations. China's growth model of the last three decades is becoming increasingly ineffective, as relying on heavy investment and exports is becoming less and less feasible. Fifty percent of China's growth in 2013 stemmed from consumption, the government is establishing a Free Trade zone in Shanghai and ending the dominance of state-owned enterprises. This book provides a roadmap for companies and investors looking to navigate these changes and capture emerging trends, with deep insight and practical guidance on what innovation looks like in the new China. Survey the development of innovation taking place in China's economy, from an insider's perspective Consider the changes that must take place to shore up the broken growth model Examine the consumer trends emerging in the midst of rapid market evolution Understand how China's rise will impact its neighbors like Japan, Vietnam, Indonesia, and Cambodia China's dramatic shift toward consumption presents a tremendous opportunity for foreign business, but traditional tactics are outdated at best, financially fatal at worst, as local competitors focus on innovation and move up the value chain and as consumers look for new brands and categories to spend money on. New strategies are needed to keep pace with the changing regulatory and consumer environments, and "business as usual" won't get very far. The End of Copycat China is the business guide to this emerging market, with expert guidance from the inside.

Offers the first comprehensive analysis of the wave of revolutionary terrorism in affluent countries.