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PROFESSOR REEKIE AND MARKETS: HEALTH CARE AND HIGHER EDUCATION
Author(s) -
Botha Joubert
Publication year - 2008
Publication title -
south african journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.502
H-Index - 31
eISSN - 1813-6982
pISSN - 0038-2280
DOI - 10.1111/j.1813-6982.2008.00160.x
Subject(s) - order (exchange) , property (philosophy) , economic analysis , positive economics , natural (archaeology) , sociology , economics , law , epistemology , social science , law and economics , history , political science , philosophy , classical economics , archaeology , finance
In this intriguing book Duncan Reekie goes to the very basis of the economic order. 1 He discusses the views of the ancient Greek and later writers, and in doing so, moves outside the confines of modern economic analysis. One is reminded of what Schumpeter once wrote: the economist pursues the study of cause and effect until he finds the causal role of a variable to be non‐economic. We must then “give place to other disciplines”. 2 Reekie's analysis reverses the order: it starts with the very general concept of the Natural Law in the works of ancient Greek and many subsequent writers, and then shows how they addressed questions that are still relevant today: questions on property and individual freedom.