Friday, September 28, 2018

Micro-Economics, Macro-Economics, Political-Economy

A cardinal thesis of Logical Atomism is that all relations between Atoms are mutually external, i. e. that Atoms are essentially independent of one another.  However, a problem with that thesis is that the concept of Externality is itself relational with respect to its point of reference.  Hence, the thesis lacks grounding in the system.  Furthermore, if the system lacks a concept of Externality, then it has none of Internality, either, i. e. because the two are complementary.  Similarly, any concept of Private entails that of Public, and, as has been previously discussed, any concept of Individual Right entails that of a Society against which it is thereby protected.  So, any concept of Private Property Right is derivative from and presupposes a whole of Society.  Hence, the concept of Economics as, since Aristotle, Micro-Economics, i. e. the scope of which is Private Property, even enlarged as Macro-Economics, is groundless.  Instead, it presupposes the concept of Economics as Political-Economy, i. e. as an ingredient in the Polis as a whole, as Plato conceives it, from which it is derived.  On that basis, individual persons are parts of Society, personal property is distributed property, and Micro-Economics or Macro-Economics is a sub-division of Political-Economy.

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