Summary
Just as the Industrial Revolution in Britain suggested a promise of abundance, David Ricardo, Robert Malthus, & their colleagues formalized classical political economy with its emphasis on scarcity, self-interest, & private accumulation of capital. At the same time, Robert Owen took a different path arguing that the new technologies open a new world. In effect, his ideas turn classical political economy on its head. Building this new social science, Owen emphasizes abundance, public spiritedness, & communal accumulation of capital. Although the history of the cooperative movement is well documented, the social psychology, architecture, & logic of its economics stand in need of reappraisal. This book describes, often restates, & in places reconstructs the social science of British cooperative writers.