The Urgency of Social Value Theory in Postmodern Capitalism



The above statement by Michel Foucault, whose work is generally associated with the development of postmodernism in contemporary philosophy, speaks to the unsettling and disorienting experience of everyday life encountered by much of the world at the close of the twentieth century. His words reveal a profound loss of confidence in “truth,” a skepticism about knowledge, and an insecurity about progress. Foucault speaks with an emotional depth and conveys that sense of decenteredness commonly associated with postmodernism.


Grand Narrative Universal Truth Flexible Specialization Cartesian Dualism Social Heterogeneity 
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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  1. 1.Department of EconomicsNorthern Arizona UniversityFlagstaffUSA

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