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By Steven Pressman (eds.)

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This motive is the hallmark of the modern disembedded economy. Calculated self-gain is the market economic logic sui generis. In contrast, the embedded economy has no inherent logic of its own; there is no distinctive behavior which can be labeled economic in terms of its motivation and guiding principles. There is, of course, an objective substantive function, nature's decreed technological interaction of humanity with the rest of nature. But the subjective meaning of substantive economic activity is not implicit in that objective function.

3. Bureaucracy grows. Max Weber (1946) was right. Over time bureaucracies seem to grow and expand their reach and influence. Rarely does this growth benefit the public interest. Oversight and accountability are thus crucial. 4. If it is not broke don't fix it. This is really an extension of the principle of minimal dislocation. It also extends the previous point regarding the growth of bureaucracy and the growth of the state in general. Put simply, it is not necessary for the pragmatic state to get involved in problem solving until the problem is identified as one that requires collective action.

Second, the prag- William Waller 25 matic state might attempt a number of strategies including credits to employers to open childcare facilities, tax credits to parents for childcare expenses, the use of public money to expand existing or create new childcare facilities, the use of public school facilities to provide after-school childcare, the expansion of juvenile recreational programs, etc. These solutions all presume the legitimacy of the pragmatic state using its taxing authority to insure safe childcare and enhance the economic provisioning process.

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