Emulation
An Institutional Theory of Value Formation
Bibliographic Data
| ID | 9255835 |
|---|---|
| Authors | William M Dugger (DePaul University, corresponding author) |
| Year | 1989 |
| Volume | 47 |
| Issue | 2 |
| Pages | 134-154 |
| Publication date | 1989-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Social Economy (JOURNAL) |
| Journal identifiers | ISSN: 0034-6764 • E-ISSN: 1470-1162 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00346768900000017 |
| OpenAlex | W2041399529 |
| Language | EN |
| Citations received | 8 |
| References cited | 13 |
Illegal insider trading in the stock market is a highly visible symbol of the fact that American morality is on the decline. Our values are degenerating. The pundits of the New right have noticed the decline and the degeneration but blame them on the rise of the liberal welfare state and on the spread of the so-called permissiveness that allegedly has accompanied the liberal welfare state. [Gilder, 1981] But the reactionaries are wrong. They have set up a scapegoat. And they wish to re-establish the authority of a more patriotic, patriarchal, and respectful age. Their nostalgia is not harmless, for their reminiscences reek of proto-fascism, and the reasons they give for our moral malaise are dangerously deluded. In short, the reactionary conven? tional wisdom as to why morals are declining and values degenerating is wholly inadequate. More adequate insight can be gained into value forma? tion and value transmission by contrasting how socialization processes affect the individual in a hegemonic institutional structure versus a pluralistic institutional structure and by exploring emulation ? a socialization process that is transforming pluralism into hegemony in the United States. Here is the cause of moral degeneration in the United States, not the permissive? ness of the liberal welfare state, for pluralism fosters free will and moral integrity while hegemony fosters mindless conformity and moral opportun? ism. Besides, the insider traders responsible for demoralizing our securities markets were not exactly products of the welfare system. The reactionaries of the 1980s were right about only one thing: something has gone dreadfully wrong with American values. Nevertheless, we must turn away from reaction to understand what and why. This journal pub? lished a formal framework that can be used to analyze the shortcomings of rampant consumerism. [Dugger, 1985c] And in a major book, Christopher
Law and economics · Morality · Political science · Sociology · Economic Theory and Institutions · Law
Merging Dugger’s Concepts with O’Hara’s Principles to Advance Social and Institutional Economics
Clarence Ayres, Ayresianos e a evolução do institucionalismo Vebleniano
The Macroeconomics of a Steady State
Organizations, Naturalism, and Complexity
Fashion Dynamics and the Economic Theory of Clubs
Household Labor, the Family, and Macroeconomic Instability in the United States
Social Economics in the Years Ahead
Could Marshall Or Veblen Embrace Economic Justice for all
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,22 |
| Citation span | 1990 - 2018 (29) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 8 |