Fred Hirsch Contents Biography Limits to Growth See also References Further reading External links Navigation menulink to itrelated articlesFind link toolThe Social Limits to GrowthThe Pound Sterling: A PolemicMoney InternationalNewspaper Money: Fleet Street and the search for the affluent reader"Fred Hirsch"Dilemmas of Liberal Democracies_Studies in Fred Hirsch's Social Limits to GrowthOn Markets and Moralitycb13770112h(data)1235408280000 0001 1777 2654n5003420100443408vse2007423326w6dc1bzd059210591100312433100312433
1978 deathsBritish economistsAustrian JewsPeople from Vienna1931 births20th-century economists
University of WarwickAustrian Civil WarLondon School of EconomicsInternational Monetary FundThe Social Limits to GrowthThe Pound Sterling: A PolemicMoney InternationalNewspaper Money: Fleet Street and the search for the affluent readerInternational Studiesamyotrophic lateral sclerosispositional goodsMichael J. Sandel
This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (January 2015) |
Fred Hirsch (6 July 1931 – 10 January 1978) was Professor of International Studies at the University of Warwick.
Contents
1 Biography
2 Limits to Growth
2.1 Positional goods
2.2 Commercialization effect
3 See also
4 References
5 Further reading
6 External links
Biography
He was born in Vienna.[1] In 1934, after the Austrian Civil War, his family emigrated to Britain.[2] Hirsch graduated with first class honours[3] from the London School of Economics in 1952 before working as a financial journalist on The Banker and The Economist (financial editor, 1963–1966). He was a senior adviser to the International Monetary Fund,[4] from 1966 to 1972 where he worked on international monetary problems.
Afterwards he spent two years as a research fellow at Nuffield College, Oxford, from 1972 to 1974, where he started working on his book The Social Limits to Growth (RKP, 1977), having previously written The Pound Sterling: A Polemic (V Gollancz, 1965),
Money International (Allen Lane, The Penguin Press, 1967), and Newspaper Money: Fleet Street and the search for the affluent reader (with David Gordon) (Hutchinson, 1975) . In 1975 he joined the University of Warwick as Professor of International Studies. A year later he developed amyotrophic lateral sclerosis leading to his death on January 10, 1978.
Limits to Growth
Hirsch's most influential book concerned the inherent limits to growth, including both the concept of positional goods and what he called the 'commercialisation effect'.[5]
Positional goods
The concept of positional goods helps explain why, as Hirsch told the New York Times, material growth can "no longer deliver what has long been promised for it - to make everyone middle-class".[6] Positional goods are those that derive their value specifically from their scarcity[7] - cannot be distributed more widely as the doing so would undermine their construction of high status value.[8]
Hirsch's concept helps explains why, as economic growth improves overall quality of life at any particular level, doing "better" than how your grandparents lived does not translate automatically into doing "well", if there are as many or more people ahead of you in the economic hierarchy. For example, if you are the first in your family to get a college degree, you are doing better. But if you were at the bottom of your class at a weak school, you may find yourself less eligible for a job than your grandfather, who was only a high school graduate. "The value to me of my education - the satisfaction I derive from it - depends upon how much education the man ahead of me in the job line has." [9]
Commercialization effect
Hirsch also highlighted the danger that the quality of a product/service was diminished as a result of supplying it commercially (something perhaps most obvious in the case of sex);[10] market exchange – as for example with gift giving – diminishes the inherent value of the transaction by subordinating social well-being to the commodification impulse.[11]
Michael J. Sandel has recently echoed Hirsch in challenging the belief that the commercialization process does not affect the product in question, highlighting the importance of what Hirsch called[12] "the effect on the characteristics of a product or activity of supplying it exclusively or predominantly on commercial terms rather than on some other basis – such as informal exchange, mutual obligation, altruism or love, or feelings of service or obligation"
See also
- Easterlin paradox
- Motivation crowding theory
- Neoliberalism
- Richard Titmuss
References
^ Müller, Reinhard (September 2000). "Fred Hirsch". Österreichische Soziologinnen und Soziologen im Exil 1933 bis 1945. Archiv für die Geschichte der Soziologie in Österreich (AGSÖ). Retrieved April 7, 2015..mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em
^ Röder, Werner; Strauss, Herbert A., eds. (1980). Hirsch, Bettina; Hirsch, Hans. Biographisches Handbuch der deutschsprachigen Emigration nach 1933. Politik, Wirtschaft, Öffentliches Leben. p. 299. ISBN 978-3-11-097028-9.
^ See the biographical information in "Money International".
^ Michael J. Sandel, What Money Can't Buy (2012) p. 120
^ Michael J. Sandel, What Money Can't Buy (2012) p. 120
^ [1][Fred Hirsch, 46, British Economist; Professor at Warwick] [January 12, 1978]
^ N. Stehr et al eds., The Moralization of the Market (2009) p. 187
^ S. Young, Reflections on Rawls (2009) p. 54
^ [2] [no page numbers - page 3]
^ V. A. Zelzer, Economic Lives (2012) p. 361
^ S. Kline, Out of the Garden (1999) p. 40
^ Michael J. Sandel, What Money Can't Buy (2012) p. 120-1
Further reading
- Williamson, J. "In Memoriam Fred Hirsch 1931 - 1978", Journal of International Economics 8 (1978), pp 579–580.
Ellis, Adrian; Kumar, Krishan, eds. (1984). Dilemmas of Liberal Democracies_Studies in Fred Hirsch's Social Limits to Growth. ISBN 978-0422784603. Archived from the original on 2013-12-27. Retrieved 2015-04-07.CS1 maint: BOT: original-url status unknown (link)
External links
- On Markets and Morality
1931 births, 1978 deaths, 20th-century economists, Austrian Jews, British economists, People from ViennaUncategorized