Tuesday, September 21, 2004

Materialistic Fallacies

John Kay has a good article in today's FT (link to his excellent website as easier to access) about the materialistic fallacy that has gripped most of British politics, manifesting itself most clearly in the view that work is an end in itself.

The notion that there is some abstract entity called the economy, which is distinct from the welfare of the people who live in it, is a crude materialistic fallacy