Marx Versus Markets

Marx Versus Markets

Marx Versus Markets

Marx Versus Markets

Synopsis

The challenge to Marxian theory presented by the current collapse of communist economies centers on the role of markets. Marx versus Markets points out that Marx defines communist economies&- even in their lower stage of development&- as classless economies without markets. It then examines his claims that classless economies with markets are in some sense inferior to communist economies.

Two conclusions emerge from Stanley Moore's analysis. First, Marx's major arguments for abolishing commodity exchange rely on moral and philosophical premises, derived from Feuerbach in the earlier writings and from Hegel in the later. Second, Marx's ideal of communist economy in incompatible with his materialistic approach to history. Marx's attack on markets flunked the test of theory one hundred years before it flunked the test of practice.

Excerpt

Pointing out that Marx defines communist economies as classless economies without markets, this book examines his claim that classless economies with markets are in some sense inferior to communist economies. From its analysis two conclusions emerge. First, Marx's major arguments for abolishing commodity exchange rely on moral and philosophical premises, derived from Feuerbach in the earlier writings and from Hegel in the later. Second, Marx's ideal of a communist economy is incompatible with his materialist approach to history.

Twelve years ago I argued the same theses in Marx on the Choice between Socialism and Communism. Here I present a radical revision of that argument, repairing a crucial omission and correcting a pervasive error. the omission consisted in ignoring the connection, suggested by Marx's theory of fetishism, between ending capitalist exploitation and ending commodity exchange. the error consisted in misrepresenting his account of the lower stage of communism. Influenced by Lenin, I attributed to Marx the prediction that after capitalism is overthrown a transitional classless economy with commodity exchange will precede an advanced classless . . .

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