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Inventing the MarketSmith, Hegel, and Political Theory$
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Lisa Herzog

Print publication date: 2013

Print ISBN-13: 9780199674176

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199674176.001.0001

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The Self in the Market: Identity and Community

The Self in the Market: Identity and Community

Chapter:
(p.61) 4 The Self in the Market: Identity and Community
Source:
Inventing the Market
Author(s):

Lisa Herzog

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199674176.003.0004

This chapter discusses a worry that has often been raised about the market, namely that it creates unencumbered, ‘atomistic’ selves. After analysing the ways in which both Smith and Hegel see human beings as shaped in and through social contexts, it addresses their different conceptualizations of how people relate to others in the labour market: for Smith individuals sell their human capital, while for Hegel the individuals’ professional life has a deep influence on their identity. This implies that there are not only different degrees, but also different kinds of social embeddedness, and that the labour market can be an important locus of sociality within society. These sociological realities, which can differ from country to country, should be taken seriously in debates about the role and impact of markets on society as whole

Keywords:   liberal-communitarian debate, sympathy, identity, profession, human capital, education, embeddedness

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