Publication Type

Journal Article

Version

publishedVersion

Publication Date

1-2003

Abstract

While no one has yet announced the death of capitalism, reports of its imminent demise have been as numerous as they have been exaggerated. Such reports have usually been bolstered by thoughtful analyses of the fundamental contradictions of capitalism, which was expected to come sliding—if not crashing—down under the weight of its own inconsistencies. Leaving aside Karl Marx's own predictions, twentieth-century analysts as diverse as Joseph Schumpeter, Daniel Bell, and Jurgen Habermas have asserted that the contradictions of capitalism could only mean that its days were numbered. Alas, all that has been established by these analyses is that predictive failure is no impediment to market success: either the consumer's demand for such theories of capitalism's failures is naturally robust, or supply continues to generate its own demand.

Discipline

Political Theory | Politics and Social Change

Research Areas

Political Science

Publication

Social Philosophy and Policy

Volume

20

Issue

1

First Page

165

Last Page

190

ISSN

0265-0525

Identifier

10.1017/S0265052503201023

Publisher

Cambridge University Press (CUP): HSS Journals - No Cambridge Open

Additional URL

https://doi.org/10.1017/S0265052503201023

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