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"Markets are social organizations, structured and regulated by more or less well-defined social rule systems."
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MarketWhat also goes missing, as a result of adopting states and markets rat — Market
"What also goes missing, as a result of adopting states and markets rather than social relations of class and class power as the basic units of analysis, is any pattern of determination regarding state action. The Marxist theory of the state was not only challenging pluralist and social democratic claims that the modern state had freed itself from the dynamics of capitalist accumulation, but was precisely trying to enrich the tools of class analysis so as to understand the (varying) patterns of determination of capitalist state structure and action."
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"The market does not exist in the pure state. It is shaped by the cultural configurations which define it and give it direction."
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MarketQuote
"If by free market one means a market that is autonomous and spontaneous, free from political controls, then there is no such thing as a free market at all. It is simply a myth."
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"In the advanced economies, I would say: To avoid mass unemployment, poverty and widening inequality."
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"It is well known that there have been many market failures and corrupt behavior under the market system unless there is strong political oversight and leadership. The effects of such excesses are fairly evident in many respects, but the most serious is in the resulting skewness of the income and wealth distributions both within and among national economies."
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"In and of itself, the market is not, and must not become, the place where the strong subdue the weak."
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