Moral economy
Way of viewing economic activity / From Wikipedia, the free encyclopedia
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Moral economy is a way of viewing economic activity in terms of its moral, rather than material, aspects. The concept was developed in 1971 by British Marxist social historian and political activist E. P. Thompson in his essay, "The Moral Economy of the English Crowd in the Eighteenth Century". He referred to a specific class struggle in a specific era, seen from the perspective of the poorest citizens—the "crowd".