New PDF release: An Enquiry into the Ideology and Reality of Market and

By J. Lepper

ISBN-10: 0230346804

ISBN-13: 9780230346802

ISBN-10: 1349340294

ISBN-13: 9781349340293

Why do markets exist? How are they maintained? What are industry platforms and the way are they shaped? This publication addresses those basic questions and demanding situations the conventional view that markets and marketplace structures are 'natural', asserting instead that they're ideologically colored and of doubtful medical worth.

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Additional info for An Enquiry into the Ideology and Reality of Market and Market System

Sample text

A number of ingenious attempts to escape this circle invoke forces (such as the ability to raise debt) or institutions (like governments or banks) which go beyond Market. This logical circularity remains while money is associated with Market. The remainder of Part I and the whole of Part II of this book will not mention money. It is not until we consider systems of mercantifers that it is possible discuss types of money. The universal market If people, acting in self-interest, uncontaminated by the thoughts of others and unconscious of the past, are to self-organise into stable social equilibria then Market must be applied throughout society and to all social thought.

Market Space) is not without limit and its boundaries are set in the course of political discourse. These boundaries are not fixed but move over space and time.

It is divided into Market time and non-market time. Market Time is the time a person spends engaging in Market. Rational persons will allocate time between market and non-Market Time according to their relative valuation of them. 29 Market Time is just another commodity which acts as an input into a person’s consumption technology and into the production of firms. Unlike Market Space, Market Time is not created during exchange. 30 This conception of Market Time courts a major difficulty. Because time is wealth its value varies across different persons and different market circumstances.

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An Enquiry into the Ideology and Reality of Market and Market System by J. Lepper


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