2016
DOI: 10.1111/dech.12238
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The Legacy of K. William Kapp

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Cited by 13 publications
(7 citation statements)
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“…built on Weber and Polanyi and developed a critique of market valuation that he opposed to substantive economic planning (Gerber, 2016). For him, societal needs cannot find "value-expression" in the formal economy based on market prices; they can only be expressed in the substantive economy of human livelihood and social reproduction in interaction with culture and nature.…”
Section: Milestones In the History Of The Substantive Vs Formal Dicho...mentioning
confidence: 99%
“…built on Weber and Polanyi and developed a critique of market valuation that he opposed to substantive economic planning (Gerber, 2016). For him, societal needs cannot find "value-expression" in the formal economy based on market prices; they can only be expressed in the substantive economy of human livelihood and social reproduction in interaction with culture and nature.…”
Section: Milestones In the History Of The Substantive Vs Formal Dicho...mentioning
confidence: 99%
“…Kapp explained how capitalist markets structurally socialize costs, in the sense that profits made by private corporations occur with costs that are transferred to society in its complex, particularly to its most vulnerable groups and future generations. Socio-environmental externalities that arise in capitalist modes of production are considered by Kapp, "cost-shifting successes," rather than market failures, as in the neoclassical economics tradition (Gerber, 2016). These social costs that include a wide range of social, ecological and institutional outcomes are produced in the pursuit of private gains.…”
Section: Is There a Hidden Story?mentioning
confidence: 99%
“…These social costs that include a wide range of social, ecological and institutional outcomes are produced in the pursuit of private gains. Because of asymmetries in power relations these social costs are shifted to the weaker and more vulnerable subjects and often produce conflicts (Gerber, ). Muradian and Martinez‐Alier (, ) building on the concept of cost‐shifting describe how the extractive feature of the political economic history between countries with different degrees of power and development, is structurally based on environmental cost‐shifting , that is, the appropriation of resources, material, and ecological flows.…”
Section: Is There a Hidden Story?mentioning
confidence: 99%
“…The same happens with climate change, causing perhaps sea level rise in some Pacific islands or in Kuna islands in Panama or in the Sunderbans. More than market failures (a terminology that implies that such externalities could be valued in money terms and internalized into the price system) these are "costshifting successes" (Kapp, 1950;Gerber, 2016) which oftentimes lead to complaints from those bearing them. If such complaints were effective (which is not the rule), some activities could be banned, or, if we accept economic commensuration and reject incommensurability of values (Martinez-Alier et al 1998), "equivalent" eco-compensation mechanisms could be introduced.…”
Section: Introductionmentioning
confidence: 99%