Progressive theorists and activists insist that contemporary capitalism is deeply flawed from a normative point of view. However, most accept the liberal egalitarian thesis that the serious shortcomings of market societies (financial excess, inequality, and so on) could be overcome with proper political regulation. Building on Marx's legacy, Tony Smith argues in Beyond Liberal Egalitarianism that advocates of this thesis (Rawls, Habermas, Stiglitz, et al.) lack an adequate concept of capital and the state. These theorists also fail to comprehend new developments in world history ensuring that the 'destructive' aspects of capitalism increasingly outweigh whatever 'creative' elements it might continue to possess. Smith concludes that a normative social theory adequate to the twenty-first century must explicitly and unequivocally embrace socialism.
Tony Smith, Ph.D. State University of New York at Stony Brook (1980), is Professor of Philosophy at Iowa State University. Professor Smithâs books include The Logic of Marxâs Capital (SUNY, 1990), Technology and Capital (SUNY, 2000) and Globalisation (Brill, 2005).
"The appearance of this book, especially in the current era of the dominance of normative social and political theory in departments of analytic philosophy, is most welcome." - Arash Abazari, Sharif University of Technology, in: Journal of Moral Philosophy 18/2 (2021)
Preface List of Figures
1 Liberal Egalitarianism
âIntroduction
âWell-being
âAutonomous Agency
âAccess to Resources
âThe Development of Essential Capabilities
âDemocratic Will-Formation
2 Towards a Liberal Egalitarian Normative Theory of Institutions
âThe Household
âMarket Production and Distribution
âThe State
âCivil Society: The Public Sphere and Voluntary Associations
âThe Regime of Global Governance
3 Misunderstandings, False Starts, Further Questions
âSome Marxian Objections to Liberal Egalitarianism
âLiberal Egalitarian Criticisms of Marx
âConclusion
4 The Beginning Level of Marxian Theory
âThe Beginning Level of Theoretical Abstraction (1): The Commodity, Value, Abstract Labour
âThe Beginning Level of Theoretical Abstraction (2): Money
âNormative Considerations
âConclusion
5 Marxâs Concept of Capital
âMarxâs Concept of Capital (1): Capital as a âDominant Subjectâ
âOntological and Normative Implications of the General Formula of Capital
âNormative Implications
âMarxâs Concept of Capital (2): Capital as a âPseudo-Subjectâ
6 Human Flourishing and the Structural Tendencies of Capitalism
âThe Capital/Wage Labour Relationship
âOveraccumulation Crises
âFinancial Crises
âEnvironmental Crises
âSevere Global Inequality and Poverty
âConclusion
7 A Liberal Egalitarian Response to the Marxian Challenge
âThe Critique of Economism
âA Reform Agenda
8 Towards A Marxian Theory of âThe Politicalâ
âFive Theses on the Capitalist State
âA Critical Examination of Liberal Egalitarian Proposals
âConclusion
9 Competing Perspectives on Neoliberalism
âA Liberal Egalitarian Narrative
âBeyond Liberal Egalitarianism: A Marxian Critique of Neoliberalism
âConclusion
10 Two Modified Versions of Liberal Egalitarianism
ââNeo-Schumpeterianâ Liberal Egalitarianism
âThe Normative Promise of âCommons-Based Peer Productionâ
11 Modified Liberal Egalitarianism and the Present Moment in World History
âProspects for a New âGolden Ageâ
âThe Prospects of Commons-Based Peer Production
âConclusion
12 Property-Owning Democracy: A Liberal Egalitarianism Beyond Capitalism?
âProperty-Owning Democracy (1)
âProperty-Owning Democracy (2)
âProperty-Owning Democracy (3)
13 Beyond Liberal Egalitarianism
âThe Argument Thus Far
âBeyond Liberal Egalitarianism
Bibliography Index
Academic libraries; advanced undergraduates; graduate students; faculty in philosophy and the social sciences interested in normative social theory, Marxian thought, the crisis of neoliberalism, and critiques of political economy.