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Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria

Part of the Transformations of the State book series (TRST)

Abstract

Based on a review and extension of extant classifications, Chapter 2 by Frank Nullmeier and Dominika Biegoń develops a typology of arguments for justifying and criticizing the capitalist market economy in economic and social science writing. Nullmeier and Biegoń show that four groups of legitimation criteria – ‘classical’ criteria going back to Adam Smith and Karl Marx as well as justice-, democracy- and culture-centred arguments and normative ideas – may be distinguished both in procapitalist and in anticapitalist thought and discourse. Their typology of criteria underpins the empirical analyses of the volume.

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Nullmeier, F., Biegoń, D. (2017). Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria. In: Schneider, S., Schmidtke, H., Haunss, S., Gronau, J. (eds) Capitalism and Its Legitimacy in Times of Crisis. Transformations of the State. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-53765-8_2

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  • DOI: https://doi.org/10.1007/978-3-319-53765-8_2

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