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• W118380061 abstract "The liberal vision of the market society, based upon the “invisible hand” paradigm, is a “stark utopia,” for it cannot solve the three important problems to which any social design must offer solutions: the economic problem of “coordination,” the ethical problem of individual freedom, and the social problem of “order,” without sliding into contradictions that could even jeopardize the reproduction of the system. There are some important institutional strains, or the “fault lines,” in the constitution of the market system, as the sources of instabilities, that are emphasized by Marx, Schumpeter, and Polanyi. Marx (with the analyses of accumulation and fetishism), Schumpeter (with the notion of the “creative destruction”), and Polanyi (with his idea of “double movement”) are all essential to show that the working of the market system undermines its own institutional structure, and thus make the reproduction of the capitalist society a contradictory process." @default.
• W118380061 created "2016-06-24" @default.
• W118380061 creator A5067932132 @default.
• W118380061 date "2007-01-01" @default.
• W118380061 modified "2023-09-27" @default.
• W118380061 title "Market System as a Stark Utopia" @default.
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• W118380061 hasPublicationYear "2007" @default.
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