IDEAS home Printed from https://ideas.repec.org/a/vrn/journl/y2010i3p21-33.html
   My bibliography  Save this article

The Market – Social Good And/Or Social Evil

Author

Listed:
  • Velcho Stoyanov

Abstract

The market indisputably is a „great social mechanism” (after Al Gore), but it also posse sses great weaknesses. From the positions of the „great dialectic” (after R. Tarnas) that is quite natural and normal. It is to the credit of the universally recognized ideologist of the market A. Smith, that he had seen not only its greatness, but also sp otted and outlined its main negative aspects and manifestations. The attempts at idealizing and absolutizing the market mechanism turn its functioning into an inexorable law of nature. This disregards the moral - spiritual nature of man, instigates spiritual - cultural crisis and leads to zoologization of the people. L. Pole claims that socialism - communism eventually leads inevitably to the primary instincts. However, that’s also the place where we are eventually lead by the idealized and absolutized market, ac ting with the force of a law of nature. Therefore the acceptable formula should include the threesome: market, state and morality.

Suggested Citation

  • Velcho Stoyanov, 2010. "The Market – Social Good And/Or Social Evil," Business & Management Compass, University of Economics Varna, issue 3, pages 21-33.
  • Handle: RePEc:vrn:journl:y:2010:i:3:p:21-33
    as

    Download full text from publisher

    File URL: http://journal.ue-varna.bg/uploads/20140726083543_149515526253d3685f5bcec.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:journl:y:2010:i:3:p:21-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yana Doneva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.