Moral Economy

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Manage episode 231686176 series 2502413
By La Trobe University and Dr Nicholas Herriman. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The concept of "moral economy" describes our perception of how people in our economy should behave. "Riots" in 1700s England, historian EP Thompson explains, were only partly caused by a lack of food. More important for the rioters was that farmers sold their products to ‘scalpers’. These ‘scalpers’ bought grains in bulk and sold them on to the common folk at inflated prices. Rioters thought this kind of behaviour was reprehensible, so they took to the cobbled streets. Moral economy has proven to be a powerful concept in understanding contemporary societies, including our own. Listen and find out why.
Copyright 2013 Nicholas Herriman / La Trobe University, all rights reserved. Please contact for permissions.

26 episodes