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

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By J. Lepper

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

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

Sample text

It has the virtue of bringing the self-evident idea of opportunity cost to the very heart of price. However, this expression of price can only arise when there is more than one Market. It cannot be derived from the precepts of a single Market considered in isolation. Thus, the notion of relative price (and the so-called price mechanism which relies upon it) is entailed in Market System, not Market. Another approach argues that price is expressed in terms of a monetary commodity. Over the years, this reasoning has taken many forms.

These boundaries are not fixed but move over space and time.

However, none of this explains how a state emerges or actual democracies function. Emergence of the state If individuals could not be certain of the safe enjoyment of their private property there would be little reason to expend energy obtaining rights to it. If any individual could at all times in all places obtain the commodities she desired from someone else, then there is no reason to own anything and no reason to engage in Market (cf. More, 1516/2006). 6 Safeguards to property rights confer advantages to members of a commonwealth but that is insufficient reason to presume they will exist.

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