Saturday 11 August 2018

The market as panopticon of price - a disciplinary social institution

Foucault and Bentham.  Proposition: we discipline ourselves.  Panopticon.  Guy Debord.  Need for governmental and corporate discipline.  I.e. a discipline which works beyond the public choice issues and populist dictats of democracy.

Bentham as the English link coming out of Comte and going into utilitarianism.  These are the people leading in to Walras, Jevons, marginal utility era (classical / mathematical era) aka neoclassical?

This is the basis of micro-economics in this classical period, especially the movement towards maths.

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