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A Humane Economy: The Social Framework of the Free Market Hardcover – October 1, 1998
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"...[T]his book is recommended with enthusiasm." -- Touchstone
"A Humane Economy is like a seminar on integral freedom conducted by a professor of uncommon brilliance." -- The Wall Street Journal
Original Language: German
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Top Customer Reviews
Röpke would attest that mammon is not the measure of all things. In Röpke's eyes, the intangibles-that is to say faith, family and tradition-are the things that animate life and give it meaning. Röpke recognised the limitations of the market economy. Röpke possessed a remarkable sense of prudence and conservative sobriety in his thinking as it relates to the political economy.Read more ›
A chief value of the book is that it was first written back in 1960, and is therefore outside of the current, rather small, debate. Although some of his topics seem a little dated (communism chief among them), the underlying battle is timeless and this book is well-worth the read.
The political right, especially in its libertarian and pro-market incarnations, has never properly understood this insight into social reality. In their polemic economic tracts, they implicitly assume that "society" or the "government" could choose at any time to adopt any economic principle it liked, regardless of the likely social or political consequences of that principle. Libertarians tend to support any economy policy which they believe will bring about greater freedom and efficiency, ignoring all the while the disastrous consequences the policy might have in the political and social realms. The great merit of Wilhelm Roepke's "Humane Economy" is that he sedulously avoids this error. Roepke is one of the few pro-market who understands that the free market does not exist in vacuo and that the market cannot be defended as a good-in-itself. In the "Humane Economy," Roepke points out that free enterprise depends on sociological, moral, and cultural factors for its maintenance and survival.Read more ›