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The profit system: how (and why) to deflect the radical critique.
- Source :
- Constitutional Political Economy; Mar2024, Vol. 35 Issue 1, p109-122, 14p
- Publication Year :
- 2024
-
Abstract
- What we may call the Normative Representativeness Requirement (NRR) is a necessary condition on any successful objection to a political-economic system that is decentralized and profit-oriented. This article applies the NRR to what I call "The Radical Critique" of the profit system. I argue that this critique, which is not only historically important (as reported by Marx (Capital: a critique of political economy, C.H. Kerr and Company, Chicago, 1867)) but also continues to circulate (e.g., as reported by Cohen (Why not socialism?, Princeton University Press, Princeton, 2009), as reported by Piketty (Capital in the twenty-first century, Harvard University Press, Cambridge, MA, 2014)), does not meet the NRR. The Radical Critique of diverse forms of the profit system (e.g., laissez-faire or a welfare-state) suffers from a fatal flaw that renders its logical force at best undiscernible. [ABSTRACT FROM AUTHOR]
- Subjects :
- TWENTY-first century
FREE enterprise
SOCIALISM
Subjects
Details
- Language :
- English
- ISSN :
- 10434062
- Volume :
- 35
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Constitutional Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- 175718189
- Full Text :
- https://doi.org/10.1007/s10602-023-09401-4