Community and Economy
Abstract
Community and economy are two distinct realms of social life. In communities, we largely deal with one another as persons. We value people not only in their own right, but also as neighbors, friends, and those with whom we share a concern for the common good. In the economy, we largely deal with one another as buyers and sellers, as consumers and marketers, and as management and labor. In this realm we often seek to maximize our self-interest. In Martin Buber's (1971) terms, the community is the realm of the I-Thou, the economy that of the I-It. The opposition is not complete. Some people will seek advantage in the realm of community; for example, they may seek to form business connections in the country club. Other people do develop relationships of friendship and loyalty at work. Still, there are basic differences between the two social realms that exist along the lines previously mentioned.