Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

[...] Contract to the impression one gets from the media, just because the market is essential to capitalism, does not mean that capitalism is the market. [...] In truth, markets are only part of the capitalist system, a substantial and essential part to be sure, but there are others: state, family, nonmarket institutions like community groups and teams, and so forth. Nor are markets neutral realms in which supply and demand coolly intersect via the logic of competitive prices, as the harmonious classical and neoclassical models suggest. Markets are principal sites of conflict in capitalism, usually between actors who are not themselves organized according to market logic. If you think about it, even though the capitalist enterprise, the family (however defined), the state, and workers' organizations are among the key participants in capitalist markets, and some of them (especially firms and the state) are the loudest proponents of the benefits of market organization, not one is organized internally according to market principles. Internal relations in firms are not determined by atomistic competition any more than internal distribution of incomes in the civil service are determined by individual marginal contribution to productivity.

hence, much of capitalism is comprised of (and depends on) nonmarket relations

—p.79 Markets, Contracts, and Firms (77) by Geoff Mann 7 years, 4 months ago