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This chapter briefly surveys the political and economic issues posed by the debate over globalization and then reformulates them with reference to the problematic relation between markets and ethics in the history of philosophy. Beginning with Aristotle, and then proceeding to Adam Smith, Immanuel Kant, and G.W.F. Hegel, the chapter argues that markets always and everywhere presuppose normative consensus, with the implication that any notion of autonomous globalizing markets is an abstraction that threatens the human right to life and dignity.

In: Perspectives on Global Development and Technology
In: Historical Materialism
The Capitalist Cycle is a translation of a previously unknown work in Marxist economic theory. Originally published in 1928, this rediscovered work is one of the most creative essays witten by a Soviet economist during the first two decades after the Russian Revolution. Following the dialectic of Hegel and Marx, Maksakovsky aims to provide a 'concluding chapter' for Marx's Capital. The book examines economic methodology and logically reconstructs Marx's analysis into a comprehensive and dynamic theory of cyclical economic crises. The introductory essay by Richard B. Day situates Maksakovsky's work within the Hegelian and Marxist philosophical traditions by emphasizing the book's dialectical logic as well as its contribution to economic science.
In: Issues in Applying SLA Theories toward Reflective and Effective Teaching
In: Responses to Marx's Capital
In: Globalization and Political Ethics
In: Responses to Marx's Capital