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The totalising market in Marxist thought

The totalising market in Marxist thought

Umney, Charles (2013) The totalising market in Marxist thought. [Working Paper] (Unpublished)

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In this article, I review Marxist writing on ‘the market’, highlighting two different lines of critique. In one, the market is subordinate to production and can be undermined depending on the strategic actions of capitalists. In the other, it exerts a ‘despotic’ power over individuals and society. I track the development of these lines of critique through 20th Century thought, firstly via Marxist political economists such as Rudolf Hilferding, and secondly via Western Marxism and Karl Polanyi. I argue that, in analysing neoliberalism, these aspects need to be interwoven in a multi-level critique of the ‘totalising market’. This argument takes inspiration from key passages of Marx’s own writing, particularly from the Grundrisse.

Item Type: Working Paper
Uncontrolled Keywords: Marxism, Marxist theory, markets, neoliberalism
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Faculty / School / Research Centre / Research Group: Faculty of Business > Centre for Work and Employment Research (CREW) > Work & Employment Research Unit (WERU)
Last Modified: 14 Oct 2016 09:25

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