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The Political Economy of Civilization

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Abstract

Newtonian physics postulates that every action has an equal and opposite reaction. Similarly, it is a conservative argument that every economic benefit must exact a cost somewhere else. They view everything in the world as a trade-off, or as the current slang goes: TANSTAAFL (‘there ain’t no such thing as a free lunch’).

My bounty is as boundless as the sea, My love as deep;

The more I give to thee the more I have For both are infinite.

(Romeo and Juliet, Act II, Scene ii)

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Sources and References

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© 1988 Greg Davidson and Paul Davidson

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Davidson, G., Davidson, P. (1988). The Political Economy of Civilization. In: Economics for a Civilized Society. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19244-1_2

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