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Home > Political Science > Labor & Industrial Relations > Postindustrial Possibilities: A Critique of Economic Discourse
Postindustrial Possibilities: A Critique of Economic Discourse
by Block, Fred
 
 
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Postindustrial Possibilities: A Critique of Economic Discourse
While it is often acknowledged that we live in a "postindustrial" age, our economic concepts have lagged far behind our postmodern sensibility. In this incisive new work, the well-known sociologist, Fred Block, sheds obsolete and shopworn economic analysis by presenting a bold, sweeping reconceptualization of the economy. Postindustrial Possibilities provides a fresh understanding of the dynamics of postindustrial change while offering a roadmap for future economic thinking.Block takes as his point of departure the tired concepts of neo-classical economics which, while still dominant, fall short as tools for comprehending contemporary economic forces. In Block's mind, the failure to revise the concepts of industrial economics means that the reality of today's economy is increasingly understood as "through a glass darkly." Intent on reinvigorating thinking in this area, Block masterfully critiques the central categories of neo-classical economics, such as the market, labor, and capital.Block argues that the neo-classical tradition has obscured the fact that capitalist prosperity has been built not on "free markets" but rather on systematic constraints on market freedom. He further suggests that measurements of capital have become increasingly problematic and that the concept obscures the critical sources of productivity within organizations. In his far-reaching analysis of the Gross National Product, Block shows that there is a growing divergence between the factors that determine people's well-being and trends in measured GNP.Postindustrial Possibilities sets forth a new intellectual paradigm that might be called "Qualitative Growth." One of its primary foci is a shift toward improved product quality and greater priority for various non-commodity satisfactions such as leisure, interesting work, economic security and a safe and clean environment. It also promotes a recognition that greater economic efficiency rests not on infusions of capital but on cooperative labor relations and on institutional reform.Wide-ranging, intellectually vibrant and lucid, Postindustrial Possibilities will engender controversy and debate. It is an enormous contribution that social scientists and policymakers will need to come to terms with.


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Title of ebook: Postindustrial Possibilities: A Critique of Economic Discourse
ISBN: 9780520910133
parent-ISBN: 9780520069886
Publisher: University of California Press
Internet download file size: 15004 kb
Published: 05-1990
Released online for download: 05-01-1990
Author of eBook: Block, Fred
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Postindustrial Possibilities: A Critique of Economic Discourse


Chapter One--
The Postindustrial Context

This is a strange period in the history of the United States because people lack a shared understanding of the kind of society in which they live. For generations, the United States was understood as an industrial society, but that definition of reality is no longer compelling. Yet no convincing alternative has emerged in its absence.

This confusion and uncertainty is reflected in both commonsense views and social theory. Contemporary social theorists tell us remarkably little about the kind of historical era in which we live.1 Social theorists have become preoccupied with questions of metatheory; much theoretical debate centers on defining the proper scope and ambition of social theory and on determining the kind of theory that should be created. Recent years have seen relatively few efforts to define the nature of contemporary societies and to delineate their major dynamics. It is almost as though such an effort

More accurately, they tell us little directly; their silence on the classical issue of defining the natur ... read full excerpt from Postindustrial Possibilities: A Critique of Economic Discourse ebook



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