More from Market and Community.
This delightful drawing explains it all. This outlines three approachs for how to explain the way that individuals select their actions. In one model culture via communties guide individuals to make ethical choices about what they do. In a second model rational self interest intermediated by markets allow folks to select from a choice of actions. In a third model rules established by institutions (or in my view networks and groups) frame up the behaviors of individuals.
All that reminds me of a number of three ways of paritioning the world; for example Hirschman’s book Exit Voice and Loyality with
- Exit -> Market
- Voice -> Community, and
- Loyality -> Structure.
Markets and Community then goes on to introduce this nice little framework: