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Market Society
The term market society can refer to either the free-market style of capitalism first popularized by Adam Smith, or (to a lesser extent) can also refer to government-instituted and/or controlled forms of the market, commonly called state capitalism. It is a term particularly associated with the Hungarian-American Political Economy, political economist Karl Polanyi and his book ''The Great Transformation (book), The Great Transformation'', first published in 1944. David Denham also argues that the analysis of market societies is a key feature of the thought and writings of Karl Marx, Émile Durkheim and Max Weber. The term ''market society'' differs from ''market economy'' in implying that capitalist market economics influences not just the exchange of goods and services in a society, but also directly impacts and helps shape the personal attitudes, lifestyles, and political views of its people. Lisa Herzog, in the ''Stanford Encyclopedia of Philosophy'', refers to Polanyi's distincti ...
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Free-market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ...
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Émile Durkheim
David Émile Durkheim (; or ; 15 April 1858 – 15 November 1917) was a French Sociology, sociologist. Durkheim formally established the academic discipline of sociology and is commonly cited as one of the principal architects of modern social science, along with both Karl Marx and Max Weber. Much of Durkheim's work was concerned with how societies can maintain their social integration, integrity and coherence in modernity, an era in which traditional social and religious ties are much less universal, and in which new social institutions have come into being. Durkheim's conception of the scientific study of society laid the groundwork for modern sociology, and he used such scientific tools as statistics, Survey (human research), surveys, and historical observation in his analysis of suicides in Roman Catholic and Protestant groups. Durkheim's first major sociological work was (1893; ''The Division of Labour in Society''), followed in 1895 by (''The Rules of Sociological Me ...
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1940s Neologisms
Year 194 ( CXCIV) was a common year starting on Tuesday of the Julian calendar. At the time, it was known as the Year of the Consulship of Septimius and Septimius (or, less frequently, year 947 ''Ab urbe condita''). The denomination 194 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Decimus Clodius Septimius Albinus Caesar became a Roman Consul. * Battle of Issus: Septimius Severus marches with his army (12 legions) to Cilicia, and defeats Pescennius Niger, Roman governor of Syria. Pescennius retreats to Antioch, and is executed by Severus' troops. * Septimius Severus besieges Byzantium (194–196); the city walls suffer extensive damage. Asia * Battle of Yan Province: Warlords Cao Cao and Lü Bu fight for control over Yan Province; the battle lasts for over 100 days. * First year of the ''Xingping'' era during the Han Dynasty in C ...
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Stanford Encyclopedia Of Philosophy
The ''Stanford Encyclopedia of Philosophy'' (''SEP'') is a freely available online philosophy resource published and maintained by Stanford University, encompassing both an online encyclopedia of philosophy and peer-reviewed original publication. Each entry is written and maintained by an expert in the field, including professors from many academic institutions worldwide. Authors contributing to the encyclopedia give Stanford University the permission to publish the articles, but retain the copyright to those articles. Approach and history As of August 5, 2022, the ''SEP'' has 1,774 published entries. Apart from its online status, the encyclopedia uses the traditional academic approach of most encyclopedias and academic journals to achieve quality by means of specialist authors selected by an editor or an editorial committee that is competent (although not necessarily considered specialists) in the field covered by the encyclopedia and peer review. The encyclopedia was created i ...
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Lisa Herzog
Lisa Maria Herzog (born 17 December 1983 in Nuremberg) is a German philosopher and social scientist who works at the intersection of political philosophy and economic thought. On 1 October 2019 she began a professorship in philosophy at the Center for Philosophy, Politics and Economics at the University of Groningen in the Netherlands. In 2021, Herzog and Konrad Gilges were awarded the . Works * '' Inventing the Market. Smith, Hegel, and Political Theory.'' Oxford University Press, Oxford 2013, ISBN 0-19-967417-5. * ''Hegel’s Thought in Europe: Currents, Crosscurrents, Countercurrents.'' Palgrave Macmillan, Houndsmill/Basingstoke 2013, ISBN 1-137-30921-0. * Markets'' In: ''Stanford Encyclopedia of Philosophy.'' 2013. * ''Intersubjektive Sanktionen als normative Gründe.'' In: Eva Buddeberg & Achim Vesper (Hrsg.): ''Moral und Sanktion. Eine Kontroverse über die Autorität moralischer Normen.'' Campus-Verlag, Frankfurt/New York 2013, ISBN 978-3-593-39597-5. * ''Freiheit gehört n ...
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Capitalist
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social polic ...
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Market Economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free market and '' laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes r ...
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Max Weber
Maximilian Carl Emil Weber (; ; 21 April 186414 June 1920) was a German Sociology, sociologist, historian, jurist, and political economy, political economist who was one of the central figures in the development of sociology and the social sciences more generally. His ideas continue to influence social theory and social research, research. Born in Erfurt in 1864, Weber studied law and history in Humboldt University of Berlin, Berlin, University of Göttingen, Göttingen, and Heidelberg University, Heidelberg. After earning his doctorate in law in 1889 and habilitation in 1891, he taught in Berlin, University of Freiburg, Freiburg, and Heidelberg. He married his cousin Marianne Weber, Marianne Schnitger two years later. In 1897, he had a breakdown after Max Weber Sr., his father died following an argument. Weber ceased teaching and travelled until the early 1900s. He recovered and wrote ''The Protestant Ethic and the Spirit of Capitalism''. During the First World War, he initia ...
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Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social poli ...
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Farrar & Rinehart
Farrar & Rinehart (1929–1946) was a United States book publishing company founded in New York. Farrar & Rinehart enjoyed success with both non-fiction and novels, notably, the landmark Rivers of America Series and the first ten books in the Nero Wolfe corpus of Rex Stout. In 1943 the company was recognized with the first Carey-Thomas Award for creative publishing presented by ''Publishers Weekly''. History Farrar & Rinehart was founded in June 1929 by John C. Farrar (vice president) and Stanley M. Rinehart, Jr. (president), in partnership with Frederick R. Rinehart. In forming the company, Farrar and the Rineharts left the massive Doubleday, Doran publishing house, the result of a merger between their mutual employer, the George H. Doran Company, with Doubleday, Page & Company in 1927. Both Stanley and Fredrick were the sons of the famous playwright and author, Mary Roberts Rinehart. Mary Roberts Rinehart supported her sons and their company by leaving Doubleday, Doran ...
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Robert Morrison MacIver
Robert Morrison MacIver (April 17, 1882 – June 15, 1970) was a sociologist and political scientist. Early life and family Robert Morrison MacIver was born in Stornoway, Isle of Lewis, Scotland on April 17, 1882, to Donald MacIver, a general merchant and tweed manufacturer, and Christina MacIver (née Morrison). His father was a Calvinist, specifically, Scottish Presbyterian. On 14 August 1911, he married Elizabeth Marion Peterkin. They had three children: Ian Tennant Morrison, Christina Elizabeth, and Donald Gordon. Education He received degrees from the University of Edinburgh (M.A. 1903; D.Ph. 1915), the University of Oxford (B.A. 1907), Columbia University (Litt.E. 1929), and Harvard (1936). In his rather long period of formal education, he had never made any academically supervised study of sociology. His work in that field was distinguished by his acumen, his philosophical understanding, and extensive study of the major pioneering works of Durkheim, Levy-Bruhl, Simme ...
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