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"Agnew (John A. Agnew) makes the argument that it is emotional isolation that lies at the heart of Smith's (Adam Smith) system because scarcity exists in the emotional as well as economic realm. Individuals compete for limited supplies of social attention - whether as givers or objects of sympathy. Those who are not competitive in the attention sphere simply drop off the social and economic radar screen. Of course what is unstated but implicit in Agnew's argument is that it is the poor and socially marginal who are the most likely to suffer physically as well as psychologically if they lose in the sympathy or attention markets. Thompson (1971) attempts to shift this valence when he studies bread riots in the 18th century England as part of a "moral economy" of the crowd. Aneurin Bevan one of the architects of the British post-war welfare state entitled his treatise on the subject In place of Fear (1952).
Bevan argued that a welfare state would provide the security that would break the link between emotional and material deprivation"


Mabel Berezin in "Emotions and the Economy"