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The (Dis)Orderly Process of Capitalist Competition

In: Marxian Economics: A Reappraisal

Author

Listed:
  • Jack Amariglio
  • David F. Ruccio

Abstract

For most of the past one hundred years, Marxist economists have produced and disseminated a particular set of stories about capitalism and socialism. According to these well-known accounts, capitalism is a singularly destructive, crisis-prone system governed by the ‘logic of capital’, which is often expressed in terms of economic ‘laws of motion’ and the ‘drive to accumulate’ on the part of capitalists. Socialism, in contrast, represents the suppression or elimination of such a logic and its underlying laws and drives, and thus creates the possibility of a rational, planned way of organizing economic and social life.

Suggested Citation

  • Jack Amariglio & David F. Ruccio, 1998. "The (Dis)Orderly Process of Capitalist Competition," Palgrave Macmillan Books, in: Riccardo Bellofiore (ed.), Marxian Economics: A Reappraisal, chapter 6, pages 94-108, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-26118-5_6
    DOI: 10.1007/978-1-349-26118-5_6
    as

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