AccueilDoes "capitalism" have Marxist roots? Should we use "free market economy" instead?ÉducationUniversité Atlas
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Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

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January 31, 2024

Question: Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

Answer: Interesting question, but I would say, ‘poisoned genealogy’ is not a good argument. Where the word came from is not as important as whether it is a good concept, a useful concept. Now, and there’s a good principle here: Don’t let your enemies take your stuff.

In this case, Capitalism is a very good word. Economically, capital, it means resources that are deployed for productive purposes; land, machinery and the most important resource, the individual human being taking charge of their life and becoming productive. I think that is a wonderful use, that concept of human capital. To say that individuals are responsible for themselves and that’s precisely what capitalism, the head, puts front and center.

I’d also say that free market capitalism is of course very good, but markets are slightly secondary. Markets are a social institution. People coming together to trade with each other, but it presupposes that you’ve got individuals who are taking charge of their own productivity. The individual capitalist is fundamental. Markets are secondary. So, I like capitalism a little more as a broader label.

Stephen Hicks Ph.D.
About the author:
Stephen Hicks Ph.D.

Stephen R. C. Hicks is a Senior Scholar for The Atlas Society and Professor of Philosophy at Rockford University. He is also the Director of the Center for Ethics and Entrepreneurship at Rockford University.

Il est l'auteur de L'art du raisonnement : Readings for Logical Analysis (W. W. Norton & Co., 1998), Expliquer le postmodernisme : Skepticism and Socialism from Rousseau to Foucault (Scholargy, 2004), Nietzsche et les nazis (Le rasoir d'Ockham, 2010), La vie entrepreneuriale (CEEF, 2016), Le libéralisme pour et contre (Connor Court, 2020), L'art : Moderne, postmoderne et au-delà (avec Michael Newberry, 2021) et Eight Philosophies of Education (2022). Il a publié des articles dans Business Ethics Quarterly, Review of Metaphysics et Le Wall Street Journal. Ses écrits ont été traduits en 20 langues.

Il a été professeur invité en éthique des affaires à l'université de Georgetown à Washington, D.C., chercheur invité au Social Philosophy & Policy Center à Bowling Green, Ohio, professeur invité à l'université de Kasimir le Grand, en Pologne, chercheur invité au Harris Manchester College de l'université d'Oxford, en Angleterre, et professeur invité à l'université Jagiellonian, en Pologne.

Il est titulaire d'une licence et d'une maîtrise de l'université de Guelph, au Canada. Il est titulaire d'un doctorat en philosophie de l'université d'Indiana, Bloomington, États-Unis.

En 2010, il a reçu le prix d'excellence en enseignement de son université.

Sa série de podcasts Open College est publiée par Possibly Correct Productions, à Toronto. Ses conférences et entretiens vidéo sont en ligne sur CEE Video Channel, et son site web est StephenHicks.org.  


Instagram Takeover Questions:

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