Document Type

Article

Publication Date

2014

Publication Title

Owl of Minerva

Volume

46

Issue

1

Pages

67-77

Publisher Name

Hegel Society of America

Abstract

This paper argues that Marx’s critique of capitalism is not, as commonly believed, a critique of the “free market.” I argue that the “market” under capitalism should be understood as a three-fold market—for goods and services, for labor and for capital. I argue that Marx’s critique is essentially a critique of the latter two markets, and not the first. Hence theoretical space opens up for “market socialism.” I proceed to elaborate briefly what specific institutions might comprise an economically viable socialism that would not be vulnerable to Marx’s critique.

Comments

Author Posting. © Hegel Society of America, 2014. This is the author's version of the work. It is posted here by permission of the Hegel Society of America for personal use, not for redistribution.The definitive version was published in the Owl of Minerva, Volume 46, Issue 2, 2014. http://dx.doi.org/10.5840/owl20156813

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