(credit: Fabian Reus/Flickr)

The market domain and the social domain — further thoughts on commodification

As more activities are commodified, we face tough trade-offs

I never thought I’d find the matter of commodification even half as interesting as I ended up doing after Diane Coyle’s first response to Branko Milanovic’s original post. For some reason it seems to resonate with a vague, hard-to-capture concern deep within my own mind. And this theme seems to continue to exercise both eminent economists, as both Diane and Branko have added further posts.

“So long, Fred…” (Photo: Lisa Borodkin/Flickr)

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store