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Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria

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Capitalism and Its Legitimacy in Times of Crisis

Part of the book series: Transformations of the State ((TRST))

Abstract

Based on a review and extension of extant classifications, Chapter 2 by Frank Nullmeier and Dominika Biegoń develops a typology of arguments for justifying and criticizing the capitalist market economy in economic and social science writing. Nullmeier and Biegoń show that four groups of legitimation criteria – ‘classical’ criteria going back to Adam Smith and Karl Marx as well as justice-, democracy- and culture-centred arguments and normative ideas – may be distinguished both in procapitalist and in anticapitalist thought and discourse. Their typology of criteria underpins the empirical analyses of the volume.

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Author information

Authors and Affiliations

  1. Department of Political Science, Research Centre on Inequality and Social Policy (SOCIUM), University of Bremen, Bremen, Germany

    Frank Nullmeier

  2. Friedrich-Ebert-Stiftung, Berlin, Germany

    Dominika Biegoń

Authors
  1. Frank Nullmeier
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  2. Dominika Biegoń
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Correspondence to Frank Nullmeier .

Editor information

Editors and Affiliations

  1. SOCIUM Research Center on Inequality and Social Policy, University of Bremen, Bremen, Germany

    Steffen Schneider

  2. Bavarian School of Public Policy, TUM School of Governance, Technical University of Munich, Munich, Germany

    Henning Schmidtke

  3. SOCIUM Research Center on Inequality and Social Policy, University of Bremen, Bremen, Germany

    Sebastian Haunss

  4. Centre for Global Cooperation Research (Käte-Hamburger-Kolleg), Duisburg, Germany

    Jennifer Gronau

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Nullmeier, F., Biegoń, D. (2017). Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria. In: Schneider, S., Schmidtke, H., Haunss, S., Gronau, J. (eds) Capitalism and Its Legitimacy in Times of Crisis. Transformations of the State. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-53765-8_2

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  • DOI: https://doi.org/10.1007/978-3-319-53765-8_2

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-53764-1

  • Online ISBN: 978-3-319-53765-8

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