2018
DOI: 10.1111/ejop.12336
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Hegel on the value of the market economy

Abstract: It is widely known that Hegel is a proponent and defender of the market economy. But why exactly does Hegel think that the market economy is superior to other economic systems? In this paper, I argue that Hegel's answer to this question has not been sufficiently understood. Commentators, or so I want to claim, have only identified one part of Hegel's argument—but have left out the most original and surprising dimension of his view: namely, Hegel's conviction that we should embrace the market economy for its ed… Show more

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Cited by 13 publications
(4 citation statements)
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“…Indeed, Hegel holds the view that the modern market economy is superior to alternative models of economic organization (Hegel 1986: §185A) and one of the elements that contributes to the rationality of the modern social world (Hegel 1986: §185A). And while his optimism regarding the market does not go quite as far as it does such as in Adam Smith, whom he often cites in his lectures (for example, Hegel 1986: §189A, Hegel 1983a: 118, Hegel 1983b: 158; for an analysis of these passages see Waszek 1985; Henderson and Davis 1991; Herzog 2013; Heisenberg 2018), his basic commitment to the value of the market economy nevertheless puts pressure on Hegel to explain how the problem of affluence—as he himself describes it—can be solved or at least somehow ameliorated without giving up completely on the basic principles of this modern economic system.…”
Section: Hegel's Proposed Solution To the Problem Of Affluencementioning
confidence: 99%
“…Indeed, Hegel holds the view that the modern market economy is superior to alternative models of economic organization (Hegel 1986: §185A) and one of the elements that contributes to the rationality of the modern social world (Hegel 1986: §185A). And while his optimism regarding the market does not go quite as far as it does such as in Adam Smith, whom he often cites in his lectures (for example, Hegel 1986: §189A, Hegel 1983a: 118, Hegel 1983b: 158; for an analysis of these passages see Waszek 1985; Henderson and Davis 1991; Herzog 2013; Heisenberg 2018), his basic commitment to the value of the market economy nevertheless puts pressure on Hegel to explain how the problem of affluence—as he himself describes it—can be solved or at least somehow ameliorated without giving up completely on the basic principles of this modern economic system.…”
Section: Hegel's Proposed Solution To the Problem Of Affluencementioning
confidence: 99%
“…5 Some readings of freedom in civil society as labor-discipline, self-education, and transcendence of nature can be found within literature (see Church, 2010;2012b;Duncan, 2017;Heisenberg, 2018). I think that those accounts are one-sided and still trapped in the nature-freedom dualism.…”
Section: Becoming Someone In Civil Societymentioning
confidence: 99%
“…The question of how the chapter on the "Administration of Justice" emphasises the necessity of protecting private property coheres with Hegel's prior comments on the common neediness of all human beings in the "system of needs"(Heisenberg 2018). …”
mentioning
confidence: 92%
“…For instance, Thimo Heisenberg believes that Hegel also sees the market as a means of inculcating a sense of tact and considerateness(Heisenberg 2018; cf. Pinkard 2017).6 On the importance of Rousseau's "amour propre" for Hegel see: Honneth 2021.…”
mentioning
confidence: 99%