In: Historical Materialism
Author: Richard Day

Abstract

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
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.
Rational exercise of our responsibility requires us to relate the globalization process to the ends and purposes that properly befit human life and human community. Economic 'ends' are merely the 'means' to ends of a higher order, which can only be specified in terms of moral duty and ethical purpose. The contributors to this book explore political-ethical issues of globalization, including terrorism, institutional change and distribution in the world economy, the role of the United Nations and international financial institutions, the regimes of international trade and technology transfer, the effects of regionalism in the European Union and the Association of Southeast Asian Nations, the failure of Russia, human rights enforcement in Africa, and the prospects for global governance. This book was originally published as Volume 4 no. 3-4 (2005) of Brill's journal Perspectives on Global Development and Technology.

Abstract

This chapter considers interpretations of the globalization process along a continuum ranging from "realist" emphasis upon sovereignty in the inter-state system to "idealist" projections of cosmopolitan citizenship and even global government. The work of Jürgen Habermas is taken to be the most comprehensive via media between the "extreme" positions. In The Postnational Constellation, Habermas relates morality to ethics in explaining the potential for, but also the current limitations upon, cosmopolitan projects. The example of the European Union demonstrates the possibility for politics to "catch up" with globalizing markets.

In: Perspectives on Global Development and Technology
In: Globalization and Political Ethics