Markets are not our only social space… Model that!
I love markets. But I’m not a market fundamentalist. Non-market organisations or institutions, like unions, often do, in their social space, a better job than market organisations do in the market space. Despite this these non-market organisations are only marginally included in economic models, if at all, and neglected in neoliberal policies. Or: neglected? Neoliberal policies often lead to the destruction of at least part of the ‘social space’ of these ‘NPISH’, or Non Profit Institutions Serving Households’ as statisticians call them. As these organisations, though neglected by economic models, are routinely measured by economic statisticians. Which leads to the question: why are they neglected in the models when we do have the data? To enable policies which, consequently, also neglect the consequences of for instance austerity on these NPISH and what they do?
Anyway, we do measure them. Which is one step. What kind of organisations are included in this concept? (By the way: ‘not for profits’ or ‘non-profits’ is a pretty biased phrase.)
- Charities, relief and aid organisations financed by voluntary transfers in cash or in kind from other institutional units
- Further Education Colleges (classification decision awaiting implementation – see section 3.7)
- Trade Unions
- Political Parties
- Professional or learned societies
- Consumers’ associations
- Churches or religious societies
- Social, cultural, recreational and sports clubs
If we also think of households themselves, it quickly becomes clear that the time spent by people in non-market social spaces is quite a bit larger than the time spent in the market space…