Alienation and Justice in the Market

Bibliographic Data

ID3315302
AuthorsArthur Diquattro (University of Washington, corresponding author)
Year1978
Volume72
Issue3
Pages871-887
Publication date1978-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Political Science Review (JOURNAL)
Journal identifiersISSN: 0003-0554 • E-ISSN: 1537-5943
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/1955108
OpenAlexW2325860128
LanguageEN
Citations received5
References cited51

This article elucidates and critically evaluates the Marxian ideas of justice and alienation by distinguishing between the class structure of capitalism and the use of the market as a mode of allocation. The argument is that the social relations of production, not the market mechanism, are primarily responsible for exploitation and alienated labor under capitalism. It follows from this that both the labor theory of value and the marginal theory of productivity, as theories of the market, are consistent with the Marxian theory of exploitation. An additional implication is that market socialism, the use of market arrangements against the background of socialist productive relations, is not only compatible with, but required by, the values that define a socialist society

Alienation · Argument (complex analysis · Capitalism · Economic Justice · Economic system · Economics · Factor market · Labor theory of value · Marginal product · Market economy · Market mechanism · Market socialism · Microeconomics · Neoclassical economics · Nonmarket forces · Political science · Production (economics · Socialism · Value (mathematics · Value theory · Elite Sociology and Global Capitalism · Law · Political Economy and Marxism · Social Policy and Reform Studies

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