Co-operative principles and the evolution of the ‘dismal science’: The historical interaction between co-operative and mainstream economics

Philip Whyman

Business History, 2012, vol. 54, issue 6, 833-854

Abstract: The development of co-operatives has been (and is) influenced by ideas and conceptions first developed by mainstream economics, yet there is commonly claimed to be a disinterest (or misunderstanding) among economists relating to the advantages and challenges posed by co-operative organisations. Yet a broader perspective demonstrates that whatever distance between the economic profession and the co-operative movement may exist today, there has certainly been a close association throughout most of their shared history. This paper, therefore, seeks to illuminate the perspectives adopted, and insights into co-operatives developed, by leading economists since 1776.

Date: 2012
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DOI: 10.1080/00076791.2012.706903

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